EMC Corporation (EMC): Today's Featured Technology Winner

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 0.3%. By the end of trading, EMC Corporation rose $0.49 (2.0%) to $24.79 on average volume. Throughout the day, 17,742,725 shares of EMC Corporation exchanged hands as compared to its average daily volume of 23,367,800 shares. The stock ranged in a price between $24.35-$24.82 after having opened the day at $24.42 as compared to the previous trading day's close of $24.30. Other companies within the Technology sector that increased today were: Wave Systems Corporation ( WAVX), up 23.1%, Net Element International ( NETE), up 22.2%, BTU International ( BTUI), up 16.1% and Zoom Technologies ( ZOOM), up 14.0%.

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 $50.7 billion and is part of the computer hardware industry. Shares are down 4.0% year to date as of the close of trading on Monday. Currently there are 26 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 2 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 revenue growth, good cash flow from operations, 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, Ixia ( XXIA), down 19.4%, Canadian Solar ( CSIQ), down 12.7%, Synchronoss Technologies ( SNCR), down 11.6% and Luna Innovations ( LUNA), down 9.3% , were all laggards within the technology sector with Cerner Corporation ( CERN) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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