3 Technology Stocks Pushing The Sector Higher

TheStreet highlights 3 stocks pushing the technology sector higher today.
By TheStreet Wire ,

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 27 points (0.2%) at 17,957 as of Friday, July 1, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,893 issues advancing vs. 1,079 declining with 105 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include

eBay

(

EBAY

), up 1.7%,

America Movil SAB de CV

(

AMOV

), up 1.6%,

Telefonica

(

TEF

), up 1.3%,

Taiwan Semiconductor Manufacturing

(

TSM

), up 1.3% and

NTT DOCOMO

(

DCM

), up 1.1%. A company within the sector that fell today was

Qualcomm

(

QCOM

), up 0.9%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3.

Alphabet

(

GOOGL

) is one of the companies pushing the Technology sector higher today. As of noon trading, Alphabet is up $7.94 (1.1%) to $711.46 on average volume. Thus far, 807,340 shares of Alphabet exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $703.73-$711.73 after having opened the day at $703.73 as compared to the previous trading day's close of $703.53.

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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 $477.3 billion and is part of the internet industry. Shares are down 9.6% year-to-date as of the close of trading on Thursday. 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

buy

. 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

Alphabet Ratings Report

now.

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2. As of noon trading,

Microsoft

(

MSFT

) is up $0.33 (0.6%) to $51.50 on light volume. Thus far, 10.0 million shares of Microsoft exchanged hands as compared to its average daily volume of 32.3 million shares. The stock has ranged in price between $51.07-$51.72 after having opened the day at $51.13 as compared to the previous trading day's close of $51.17.

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Microsoft Corporation, a technology company, develops, licenses, and supports software products, services, and devices worldwide. Microsoft has a market cap of $397.3 billion and is part of the computer software & services industry. Shares are down 7.8% year-to-date as of the close of trading on Thursday. 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

buy

. 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

Microsoft Ratings Report

now.

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1. As of noon trading,

Amazon.com

(

AMZN

) is up $9.39 (1.3%) to $725.01 on average volume. Thus far, 1.6 million shares of Amazon.com exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $716.54-$728.00 after having opened the day at $717.56 as compared to the previous trading day's close of $715.62.

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Amazon.com, Inc. engages in the retail sale of consumer products 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 $337.6 billion and is part of the retail industry. Shares are up 5.9% year-to-date as of the close of trading on Thursday. Currently there are 28 analysts who rate Amazon.com a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

Amazon.com

as a

buy

. 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, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full

Amazon.com Ratings Report

now.

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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

Technology Select Sector SPDR

(

XLK

) while those bearish on the technology sector could consider

ProShares Ultra Short Technology

(

REW

).

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