LinkedIn Corp (LNKD): 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

LinkedIn ( LNKD) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.7%. By the end of trading, LinkedIn rose $9.37 (5.3%) to $184.40 on heavy volume. Throughout the day, 3,853,291 shares of LinkedIn exchanged hands as compared to its average daily volume of 2,501,500 shares. The stock ranged in a price between $175.21-$185.48 after having opened the day at $175.48 as compared to the previous trading day's close of $175.03. Other companies within the Technology sector that increased today were: Deltathree ( DDDC), up 21.6%, Revolution Lighting Technologies ( RVLT), up 15.6%, China Mobile Games and Entertainment Group ( CMGE), up 13.3% and GigOptix ( GIG), up 12.3%.
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LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $15.9 billion and is part of the internet industry. The company has a P/E ratio of 496.5, above the S&P 500 P/E ratio of 17.7. Shares are up 52.4% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates LinkedIn as a sell. Among the areas we feel are negative, one of the most important has been premium valuation based on our review of its current price compared to such things as earnings and book value.

On the negative front, InfoSonics Corporation ( IFON), down 17.1%, Velti ( VELT), down 14.5%, SolarCity ( SCTY), down 12.4% and NTS ( NTS), down 12.3% , were all laggards within the technology sector with Research in Motion ( BBRY) 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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