Flextronics International Ltd. (FLEX): Today's Featured Technology Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Flextronics International ( FLEX) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.6%. By the end of trading, Flextronics International rose $0.10 (1.1%) to $8.96 on average volume. Throughout the day, 5,145,435 shares of Flextronics International exchanged hands as compared to its average daily volume of 4,655,600 shares. The stock ranged in a price between $8.80-$8.98 after having opened the day at $8.80 as compared to the previous trading day's close of $8.86. Other companies within the Technology sector that increased today were: Voltari ( VLTC), up 1719.7%, CSR ( CSRE), up 177.6%, Helios and Matheson Analytics ( HMNY), up 85.8% and BOS Better Online Solutions ( BOSC), up 40.6%.

Flextronics International Ltd. provides design and manufacturing services to original equipment manufacturers (OEMs) worldwide. Flextronics International has a market cap of $5.5 billion and is part of the electronics industry. Shares are up 41.7% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Flextronics International a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Flextronics International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Superconductor Technologies ( SCON), down 35.4%, Parametric Sound ( PAMT), down 20.9%, Commtouch Software ( CTCH), down 15.5% and Kingtone Wirelessinfo Solution ( KONE), down 14.1% , were all laggards within the technology sector with Hewlett-Packard ( HPQ) 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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