International Business Machines Corp (IBM): Today's Featured Technology Winner

International Business Machines ( IBM) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.9%. By the end of trading, International Business Machines rose $1.88 (1%) to $197.76 on average volume. Throughout the day, 3.7 million shares of International Business Machines exchanged hands as compared to its average daily volume of four million shares. The stock ranged in a price between $194.63-$197.93 after having opened the day at $195.88 as compared to the previous trading day's close of $195.88. Other companies within the Technology sector that increased today were: Vimicro International Corporation ( VIMC), up 24.4%, e-Future Information Technology ( EFUT), up 21.1%, China Sunergy ( CSUN), up 20.9%, and Ultra Clean Holdings ( UCTT), up 17.5%.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. International Business Machines has a market cap of $228.26 billion and is part of the computer hardware industry. The company has a P/E ratio of 14.8, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 6.5% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates International Business Machines 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, growth in earnings per share 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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