EMC Corporation (EMC): Technology's Spotlighted Daily Leader

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.

EMC Corporation ( EMC) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.5%. By the end of trading, EMC Corporation rose 30 cents (1.3%) to $23.08 on average volume. Throughout the day, 21.4 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 23.8 million shares. The stock ranged in a price between $22.71-$23.10 after having opened the day at $22.92 as compared to the previous trading day's close of $22.78. Other companies within the Technology sector that increased today were: Mattersight ( MATR), up 23.6%, Voltari ( VLTC), up 21.1%, Uni-pixel ( UNXL), up 16.5%, and Suntech Power Holdings ( STP), up 15.5%.
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EMC Corporation, together with its subsidiaries, develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. EMC Corporation has a market cap of $48.54 billion and is part of the computer hardware industry. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are down 10% year to date as of the close of trading on Monday. Currently there are 24 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates EMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Renewable Energy Trade Board ( EBOD), down 35.8%, Dialogic ( DLGC), down 18.6%, Telestone Technologies Corporation ( TSTC), down 17.6%, and New Energy Systems Group ( NEWN), down 17.1%, were all laggards within the technology sector with Harris Corporation ( HRS) 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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