Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 2.8%. By the end of trading, Intuit fell $7.10 (-11.1%) to $57.09 on heavy volume. Throughout the day, 15,413,315 shares of Intuit exchanged hands as compared to its average daily volume of 2,028,000 shares. The stock ranged in price between $55.54-$57.97 after having opened the day at $55.75 as compared to the previous trading day's close of $64.19. Other companies within the Technology sector that declined today were:
), down 18.2%,
), down 12.5%,
), down 7.4% and
), down 7.0%.
- EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
Intuit Inc. provides business and financial management solutions for small businesses, consumers, accounting professionals, and financial institutions primarily in the United States, Canada, the United Kingdom, India, and Singapore. Intuit has a market cap of $19.0 billion and is part of the computer software & services industry. The company has a P/E ratio of 26.9, above the S&P 500 P/E ratio of 17.7. Shares are up 7.6% year to date as of the close of trading on Wednesday.
TheStreet Ratings rates Intuit 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, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Intuit Ratings Report.
On the positive front,
), down 1426.8%,
), down 42.9%,
), down 28.9% and
), down 23.4% , were all gainers within the technology sector with
) being today's featured technology sector leader.
- Use our technology section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
) while those bearish on the technology sector could consider
- Find other investment ideas from our top rated ETFs lists.
Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.