Applied Materials Inc. (AMAT): 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.

Applied Materials ( AMAT) 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, Applied Materials rose $1.45 (9.1%) to $17.44 on heavy volume. Throughout the day, 88,644,468 shares of Applied Materials exchanged hands as compared to its average daily volume of 11,330,800 shares. The stock ranged in a price between $16.95-$17.52 after having opened the day at $17.33 as compared to the previous trading day's close of $15.99. Other companies within the Technology sector that increased today were: Daqo New Energy ( DQ), up 61.1%, Greenway Medical Technologies ( GWAY), up 19.1%, FAB Universal ( FU), up 18.9% and PT Indosat TBK ( IIT), up 11.0%.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $19.2 billion and is part of the electronics industry. Shares are up 39.2% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Applied Materials a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Applied Materials as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Sungame ( SGMZ), down 20.6%, Cypress Semiconductor Corporation ( CY), down 14.9%, WPCS International ( WPCS), down 12.2% and Red Hat ( RHT), down 11.7% , were all laggards within the technology sector with Citrix Systems ( CTXS) 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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