Activision Blizzard Inc. (ATVI): 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.

Activision Blizzard ( ATVI) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 1.1%. By the end of trading, Activision Blizzard rose $0.22 (1.3%) to $16.91 on average volume. Throughout the day, 8,254,497 shares of Activision Blizzard exchanged hands as compared to its average daily volume of 7,282,300 shares. The stock ranged in a price between $16.68-$17.05 after having opened the day at $16.78 as compared to the previous trading day's close of $16.69. Other companies within the Technology sector that increased today were: Vringo ( VRNG), up 20.6%, Freescale Semiconductor ( FSL), up 14.7%, Violin Memory ( VMEM), up 12.5% and Plug Power ( PLUG), up 10.4%.

Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment products worldwide. It operates in three segments: Activision, Blizzard, and Distribution. Activision Blizzard has a market cap of $11.6 billion and is part of the computer software & services industry. The company has a P/E ratio of 16.0, below the S&P 500 P/E ratio of 17.7. Shares are down 6.4% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Activision Blizzard a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Activision Blizzard 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, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Control4 ( CTRL), down 12.1%, SemiLEDs ( LEDS), down 11.2%, China Information Technology ( CNIT), down 10.5% and Mitel Networks Corporation ( MITL), down 8.9% , were all laggards within the technology sector with Yandex ( YNDX) 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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