NetEase Inc (NTES): 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.

NetEase ( NTES) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.2%. By the end of trading, NetEase rose $0.97 (1.5%) to $67.27 on average volume. Throughout the day, 742,589 shares of NetEase exchanged hands as compared to its average daily volume of 786,400 shares. The stock ranged in a price between $65.68-$67.67 after having opened the day at $66.66 as compared to the previous trading day's close of $66.30. Other companies within the Technology sector that increased today were: Camtek ( CAMT), up 72.1%, Alvarion ( ALVR), up 25.0%, Overland Storage ( OVRL), up 19.1% and Giant Interactive Group ( GA), up 12.6%.

NetEase, Inc., through its subsidiaries, engages in online games, Internet portal, e-mail, and wireless value-added services businesses in China. The company operates through three segments: Online Game Services; Advertising Services; and E-mail, Wireless Value-added Services, and Others. NetEase has a market cap of $8.7 billion and is part of the internet industry. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7. Shares are up 58.4% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate NetEase a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NetEase as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Uni-pixel ( UNXL), down 12.8%, Performance Technologies ( PTIX), down 11.3%, Daqo New Energy ( DQ), down 11.1% and Glowpoint ( GLOW), down 10.7% , were all laggards within the technology sector with SanDisk ( SNDK) 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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