Yahoo! Inc (YHOO): 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.

Yahoo ( YHOO) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.9%. By the end of trading, Yahoo rose $0.75 (2.1%) to $36.24 on average volume. Throughout the day, 14,208,565 shares of Yahoo exchanged hands as compared to its average daily volume of 18,056,300 shares. The stock ranged in a price between $35.61-$36.75 after having opened the day at $35.65 as compared to the previous trading day's close of $35.49. Other companies within the Technology sector that increased today were: Glu Mobile ( GLUU), up 27.6%, Akamai Technologies ( AKAM), up 20.6%, Yelp ( YELP), up 18.9% and Synchronoss Technologies ( SNCR), up 18.3%.

Yahoo! Inc., a technology company, provides search, content, and communication tools on the Web and on mobile devices worldwide. Yahoo has a market cap of $36.2 billion and is part of the internet industry. Shares are down 12.2% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Yahoo a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels 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, Twitter ( TWTR), down 24.2%, Orion Energy Systems ( OESX), down 18.5%, Montage Technology Group ( MONT), down 17.7% and Callidus Software ( CALD), down 15.6% , were all laggards within the technology sector with Trina Solar ( TSL) 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.

More from Markets

P&G, GE and IBM Need to Innovate; Has Starbucks' Stock Grown Ice Cold?--ICYMI

P&G, GE and IBM Need to Innovate; Has Starbucks' Stock Grown Ice Cold?--ICYMI

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Video: The S&P 500 Is Failing to Make New Highs

Video: The S&P 500 Is Failing to Make New Highs

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump