3 Technology Stocks Pushing Sector Growth
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 6 points (0.0%) at 17,753 as of Wednesday, Nov. 11, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,244 issues advancing vs. 1,682 declining with 165 unchanged.
The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.1%. Top gainers within the sector include
(
), up 5.4%,
(
), up 4.0%,
(
), up 2.9%,
(
), up 2.0% and
(
), up 1.6%. On the negative front, top decliners within the sector include
(
), down 14.6%,
(
), down 5.9%,
(
), down 2.9% and
(
), down 1.2%.
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 $9.93 (1.4%) to $738.25 on light volume. Thus far, 538,270 shares of Alphabet exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $730.23-$738.39 after having opened the day at $732.46 as compared to the previous trading day's close of $728.32.
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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 $250.5 billion and is part of the internet industry. Shares are up 38.4% 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 $9.79 (1.3%) to $768.05 on light volume. Thus far, 725,602 shares of Alphabet exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $759.75-$768.20 after having opened the day at $762.38 as compared to the previous trading day's close of $758.26.
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.
Alphabet Inc., through its subsidiaries, builds technology products and provides services to organize the information. Alphabet has a market cap of $219.9 billion and is part of the internet industry. Shares are up 42.9% 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 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.
1. As of noon trading,
(
) is up $13.09 (2.0%) to $672.77 on average volume. Thus far, 2.4 million shares of Amazon.com exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $663.25-$674.00 after having opened the day at $663.25 as compared to the previous trading day's close of $659.68.
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.
Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates through the North America, International, and Amazon Web Services (AWS) segments. Amazon.com has a market cap of $307.3 billion and is part of the retail industry. Shares are up 112.6% year-to-date as of the close of trading on Tuesday. Currently there are 23 analysts who rate Amazon.com a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Amazon.com
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. 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
(
).