3 Technology Stocks Pushing Sector Growth
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 123 points (0.7%) at 18,349 as of Tuesday, July 12, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,303 issues advancing vs. 681 declining with 114 unchanged.
The Technology sector currently sits up 1.3% versus the S&P 500, which is up 0.8%. Top gainers within the sector include
(
), up 22.4%,
(
), up 11.9%,
(
), up 6.0%,
(
), up 5.0% and
(
), up 4.9%.
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 $6.91 (1.0%) to $722.00 on light volume. Thus far, 658,060 shares of Alphabet exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $715.91-$722.94 after having opened the day at $720.00 as compared to the previous trading day's close of $715.09.
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Alphabet Inc., through its subsidiaries, provides online advertising services in the United States, the United Kingdom, and rest of the world. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. Alphabet has a market cap of $484.5 billion and is part of the internet industry. Shares are down 5.8% year-to-date as of the close of trading on Monday. Currently there are 4 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 profit margins have been poor overall. Get the full
now.
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2. As of noon trading,
(
) is up $6.71 (0.9%) to $733.91 on average volume. Thus far, 747,374 shares of Alphabet exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $727.50-$735.60 after having opened the day at $731.92 as compared to the previous trading day's close of $727.20.
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Alphabet Inc., through its subsidiaries, provides online advertising services in the United States, the United Kingdom, and rest of the world. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. Alphabet has a market cap of $492.8 billion and is part of the internet industry. Shares are down 6.5% year-to-date as of the close of trading on Monday. Currently there are 30 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 $0.74 (1.4%) to $53.32 on average volume. Thus far, 13.0 million shares of Microsoft exchanged hands as compared to its average daily volume of 32.6 million shares. The stock has ranged in price between $52.78-$53.40 after having opened the day at $52.95 as compared to the previous trading day's close of $52.59.
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.
Microsoft Corporation, a technology company, develops, licenses, and supports software products, services, and devices worldwide. Microsoft has a market cap of $411.1 billion and is part of the computer software & services industry. Shares are down 5.2% year-to-date as of the close of trading on Monday. Currently there are 16 analysts who rate Microsoft a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Microsoft
as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income. 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
(
).