Today's Stocks Driving Success For The Technology Sector
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.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 171 points (1.0%) at 18,028 as of Monday, March 9, 2015, 1:50 PM ET. The NYSE advances/declines ratio sits at 1,589 issues advancing vs. 1,440 declining with 142 unchanged.
The Technology sector currently sits down 0.4% versus the S&P 500, which is up 0.5%. Top gainers within the sector include
Advanced Semiconductor Engineering
(
), up 3.2%,
(
), up 2.3%,
(
), up 1.4%,
(
), up 0.9% and
(
), up 0.8%. On the negative front, top decliners within the sector include
(
), down 17.4%,
(
), down 3.2%,
(
), down 1.9%,
(
), down 2.1% and
(
), down 2.2%.
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, Cisco Systems is up $0.40 (1.4%) to $29.33 on light volume. Thus far, 11.2 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 30.8 million shares. The stock has ranged in price between $28.76-$29.36 after having opened the day at $28.90 as compared to the previous trading day's close of $28.92.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. Cisco Systems has a market cap of $149.6 billion and is part of the computer hardware industry. Shares are up 4.0% year-to-date as of the close of trading on Friday. Currently there are 18 analysts who rate Cisco Systems a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Cisco Systems
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
now.
2. As of noon trading,
(
) is up $1.15 (2.5%) to $47.90 on average volume. Thus far, 9.9 million shares of Twitter exchanged hands as compared to its average daily volume of 20.7 million shares. The stock has ranged in price between $47.13-$48.08 after having opened the day at $47.22 as compared to the previous trading day's close of $46.75.
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. Twitter has a market cap of $30.7 billion and is part of the internet industry. Shares are up 30.3% year-to-date as of the close of trading on Friday. Currently there are 13 analysts who rate Twitter a buy, 1 analyst rates it a sell, and 11 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, growth in earnings per share and increase in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full
now.
1. As of noon trading,
(
) is up $0.67 (1.6%) to $43.03 on average volume. Thus far, 17.2 million shares of Microsoft exchanged hands as compared to its average daily volume of 36.3 million shares. The stock has ranged in price between $42.19-$43.04 after having opened the day at $42.19 as compared to the previous trading day's close of $42.36.
Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company's Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system. Microsoft has a market cap of $353.7 billion and is part of the computer software & services industry. Shares are down 8.8% year-to-date as of the close of trading on Friday. Currently there are 11 analysts who rate Microsoft a buy, 2 analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
Microsoft
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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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