Google Inc. (GOOG): 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.

Google ( GOOG) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 2.4%. By the end of trading, Google rose $12.22 (1.0%) to $1,214.91 on light volume. Throughout the day, 1,457,423 shares of Google exchanged hands as compared to its average daily volume of 2,118,700 shares. The stock ranged in a price between $1,209.50-$1,216.00 after having opened the day at $1,215.00 as compared to the previous trading day's close of $1,202.69. Other companies within the Technology sector that increased today were: Vipshop Holdings ( VIPS), up 32.4%, ModusLink Global Solutions ( MLNK), up 25.1%, Luxoft Holding Inc Class A ( LXFT), up 18.3% and Pendrell ( PCO), up 17.8%.

Google Inc., a technology company, builds products and provides services to organize the information. Google has a market cap of $340.2 billion and is part of the internet industry. Shares are up 7.3% year to date as of the close of trading on Monday. Currently there are 26 analysts that rate Google a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Google as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and compelling growth in net income. 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, Ambient Corporation ( AMBT), down 12.4%, TigerLogic Corporation ( TIGR), down 9.0%, China Mobile Games and Entertainment Group ( CMGE), down 8.5% and Altair Nanotechnologies ( ALTI), down 6.6%.

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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