Technology Stocks On The Rise With Help From 3 Stocks
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 110 points (-0.6%) at 18,094 as of Wednesday, March 4, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 978 issues advancing vs. 1,971 declining with 175 unchanged.
The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.5%. Top gainers within the sector include
(
), up 2.4%,
(
), up 1.1%,
(
), up 1.0%,
(
), up 0.8% and
(
), up 0.8%. On the negative front, top decliners within the sector include
(
), down 22.4%,
(
), down 4.5%,
(
), down 4.0%,
(
), down 3.8% and
(
), down 3.6%.
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, SanDisk is up $2.97 (3.8%) to $82.06 on average volume. Thus far, 2.4 million shares of SanDisk exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $78.84-$82.10 after having opened the day at $78.84 as compared to the previous trading day's close of $79.09.
SanDisk Corporation designs, develops, manufactures, and markets data storage solutions in the United States and internationally. SanDisk has a market cap of $17.1 billion and is part of the computer hardware industry. Shares are down 19.3% year-to-date as of the close of trading on Tuesday. Currently there are 15 analysts who rate SanDisk a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
SanDisk
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
2. As of noon trading,
(
) is up $0.61 (1.4%) to $43.23 on heavy volume. Thus far, 15.3 million shares of Yahoo exchanged hands as compared to its average daily volume of 17.9 million shares. The stock has ranged in price between $41.97-$44.26 after having opened the day at $42.08 as compared to the previous trading day's close of $42.62.
Yahoo! Inc. operates as a technology company worldwide. Yahoo has a market cap of $41.3 billion and is part of the internet industry. Shares are down 15.6% year-to-date as of the close of trading on Tuesday. Currently there are 17 analysts who rate Yahoo a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Yahoo
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
1. As of noon trading,
(
) is up $0.77 (1.0%) to $80.37 on average volume. Thus far, 13.8 million shares of Facebook exchanged hands as compared to its average daily volume of 25.9 million shares. The stock has ranged in price between $78.85-$80.40 after having opened the day at $79.30 as compared to the previous trading day's close of $79.60.
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. Facebook has a market cap of $178.3 billion and is part of the internet industry. Shares are up 2.0% year-to-date as of the close of trading on Tuesday. Currently there are 27 analysts who rate Facebook a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
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 impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full
now.
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
(
).
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