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 1.8%. By the end of trading, Research in Motion rose $0.21 (1.4%) to $15.02 on light volume. Throughout the day, 17,555,375 shares of Research in Motion exchanged hands as compared to its average daily volume of 54,770,100 shares. The stock ranged in a price between $14.66-$15.09 after having opened the day at $14.84 as compared to the previous trading day's close of $14.81. Other companies within the Technology sector that increased today were: Voltari ( VLTC), up 1623.7%, WPCS International ( WPCS), up 21.7%, LogMeIn ( LOGM), up 21.3% and SemiLEDs ( LEDS), up 20.6%.
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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 $6.8 billion and is part of the telecommunications industry. Shares are up 9.4% year to date as of the close of trading on Thursday.

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 poor profit margins.

On the negative front, Deltathree ( DDDC), down 25.0%, Ikanos Communications ( IKAN), down 19.6%, ChinaNet Online Holdings ( CNET), down 17.5% and FalconStor Software ( FALC), down 17.2% , were all laggards within the technology sector with Altera ( ALTR) 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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