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.
Advanced Micro Devices (
AMD) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole was unchanged today. By the end of trading, Advanced Micro Devices rose 4 cents (1.5%) to $2.68 on average volume. Throughout the day, 23.6 million shares of Advanced Micro Devices exchanged hands as compared to its average daily volume of 28.2 million shares. The stock ranged in a price between $2.60-$2.70 after having opened the day at $2.62 as compared to the previous trading day's close of $2.64. Other companies within the Technology sector that increased today were:
Deltathree (
DDDC), up 42.9%,
Egain Communications Corporation (
EGAN), up 24.6%,
Radcom (
RDCM), up 15.4%, and
Radisys Corporation (
RSYS), up 13.3%.
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Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company designs, develops, and sells microprocessor products, such as central processing unit (CPU) and accelerated processing unit (APU) for servers, desktop personal computers (PCs), and mobile devices. Advanced Micro Devices has a market cap of $1.9 billion and is part of the electronics industry. Shares are up 11.3% year to date as of the close of trading on Monday. Currently there are four analysts that rate Advanced Micro Devices a buy, five analysts rate it a sell, and 15 rate it a hold.
TheStreet Ratings rates Advanced Micro Devices as a
sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself.
On the negative front,
Majesco Entertainment Company (
COOL), down 29.8%,
Multi-Fineline Electronix (
MFLX), down 22.9%,
TTM Technologies (
TTMI), down 18.9%, and
Meade Instruments Corporation (
MEAD), down 18.1%, were all laggards within the technology sector with
NVIDIA Corporation (
NVDA) 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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