Garmin Ltd. (GRMN): 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.

Garmin ( GRMN) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.7%. By the end of trading, Garmin rose $4.51 (9.6%) to $51.68 on heavy volume. Throughout the day, 9,404,318 shares of Garmin exchanged hands as compared to its average daily volume of 1,032,400 shares. The stock ranged in a price between $49.46-$52.72 after having opened the day at $52.34 as compared to the previous trading day's close of $47.17. Other companies within the Technology sector that increased today were: ChinaCache International Holdings ( CCIH), up 20.0%, AMSC ( AMSC), up 14.4%, Netlist ( NLST), up 11.9% and Ultra Clean Holdings ( UCTT), up 10.5%.

Garmin Ltd. is a worldwide provider of navigation, communications and information devices, most of which are enabled by global positioning system (GPS) technology. Garmin has a market cap of $9.0 billion and is part of the electronics industry. Shares are down 0.2% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Garmin a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Garmin as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, InfoSonics Corporation ( IFON), down 8.8%, HealthStream ( HSTM), down 8.5%, ChinaNet Online Holdings ( CNET), down 8.3% and Alvarion ( ALVR), down 8.3% , were all laggards within the technology sector with ASML ( ASML) 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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