Research In Motion Ltd (RIMM): Today's Featured Technology Winner

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.

Research in Motion ( RIMM) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.2%. By the end of trading, Research in Motion rose 71 cents (5.6%) to $13.31 on heavy volume. Throughout the day, 63.6 million shares of Research in Motion exchanged hands as compared to its average daily volume of 32.2 million shares. The stock ranged in a price between $12.36-$13.34 after having opened the day at $12.61 as compared to the previous trading day's close of $12.60. Other companies within the Technology sector that increased today were: Daystar Technologies ( DSTI), up 41%, ReneSola ( SOL), up 31.7%, Daqo New Energy ( DQ), up 31.3%, and Spire Corporation ( SPIR), up 29.2%.
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Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. Research in Motion has a market cap of $6.13 billion and is part of the telecommunications industry. Shares are down 18.1% year to date as of the close of trading on Tuesday. Currently there are three analysts that rate Research in Motion a buy, 12 analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself.

On the negative front, Parametric Sound ( PAMT), down 15.6%, Dataram Corporation ( DRAM), down 14.5%, Authentidate Holding Corporation ( ADAT), down 13.1%, and Pactera Technology International ( PACT), down 12.7%, were all laggards within the technology sector with Ericsson Telephone Company ( ERIC) being today's technology sector laggard.

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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