Verizon Communications Inc

(

VZ

) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 4.5%. By the end of trading, Verizon Communications Inc rose $1.10 (3%) to $37.73 on average volume. Throughout the day, 16.9 million shares of Verizon Communications Inc exchanged hands as compared to its average daily volume of 15.9 million shares. The stock ranged in a price between $37.21-$37.73 after having opened the day at $37.22 as compared to the previous trading day's close of $36.63. Other companies within the Technology sector that increased today were:

Helios & Matheson Information Technology In

(

HMNY

), up 60.5%,

Helios & Matheson Information Technology In

(

HMNYD

), up 60.5%,

Advanced Analogic Technologies Inc

(

AATI

), up 32.4%, and

Kingtone Wirelessinfo Solution

(

KONE

), up 27.6%.

Verizon Communications Inc. provides communication services. The company operates through two segments, Domestic Wireless and Wireline. The Domestic Wireless segment offers wireless voice and data services; and sells equipment in the United States. Verizon Communications Inc has a market cap of $100.08 billion and is part of the

telecommunications

industry. The company has a P/E ratio of 14.6, below the average telecommunications industry P/E ratio of 17 and below the S&P 500 P/E ratio of 17.7. Shares are up 2.4% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Verizon as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

For investors not wanting singular stock exposure, 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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