Activision Blizzard Inc. (ATVI): Today's Featured Technology Winner

Activision Blizzard ( ATVI) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.3%. By the end of trading, Activision Blizzard rose 52 cents (4.3%) to $12.46 on average volume. Throughout the day, 7.3 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of 8.6 million shares. The stock ranged in a price between $11.95-$12.46 after having opened the day at $11.99 as compared to the previous trading day's close of $11.94. Other companies within the Technology sector that increased today were: Deltathree ( DDDC), up 84.2%, LiveDeal ( LIVE), up 30.8%, Helios & Matheson Information Technology In ( HMNY), up 22%, and Onstream Media Corporation ( ONSM), up 16.6%.

Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment worldwide. It develops and publishes PC-based computer games and maintains its proprietary online-game related service, Battle.net. Activision Blizzard has a market cap of $13.33 billion and is part of the computer software & services industry. The company has a P/E ratio of 14.4, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 2.7% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Activision Blizzard a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Activision Blizzard as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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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