3 Technology Stocks Nudging The Sector Higher
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 138 points (0.8%) at 17,628 as of Wednesday, Nov. 18, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,048 issues advancing vs. 870 declining with 189 unchanged.
The Technology sector currently sits up 0.6% versus the S&P 500, which is up 0.8%. Top gainers within the sector include
(
), up 2.4%,
(
), up 2.2%,
(
), up 2.0%,
(
), up 1.9% and
(
), up 1.1%. On the negative front, top decliners within the sector include
(
), down 8.1%, and
Taiwan Semiconductor Manufacturing
(
), down 1.1%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Technology sector higher today. As of noon trading, Alphabet is up $4.56 (0.6%) to $729.86 on light volume. Thus far, 530,889 shares of Alphabet exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $727.00-$731.16 after having opened the day at $727.58 as compared to the previous trading day's close of $725.30.
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Alphabet Inc., through its subsidiaries, builds technology products and provides services to organize the information. Alphabet has a market cap of $251.9 billion and is part of the internet industry. Shares are up 37.8% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Alphabet a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Alphabet
as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full
now.
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2. As of noon trading,
(
) is up $3.87 (0.5%) to $749.85 on light volume. Thus far, 588,308 shares of Alphabet exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $747.39-$752.43 after having opened the day at $749.57 as compared to the previous trading day's close of $745.98.
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Alphabet Inc., through its subsidiaries, builds technology products and provides services to organize the information. Alphabet has a market cap of $218.6 billion and is part of the internet industry. Shares are up 40.6% year-to-date as of the close of trading on Tuesday. Currently there are 31 analysts who rate Alphabet a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Alphabet
as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
1. As of noon trading,
(
) is up $3.18 (2.8%) to $116.87 on average volume. Thus far, 23.0 million shares of Apple exchanged hands as compared to its average daily volume of 55.4 million shares. The stock has ranged in price between $115.50-$117.49 after having opened the day at $115.76 as compared to the previous trading day's close of $113.69.
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Apple Inc. Apple has a market cap of $636.6 billion and is part of the consumer durables industry. Shares are up 3.0% year-to-date as of the close of trading on Tuesday. Currently there are 22 analysts who rate Apple a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Apple
as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).