NEW YORK (TheStreet) -- Shares of Intel Corp. (INTC) closed up 2.31% at $37.21 as U.S. stocks rose for a fourth straight session on Monday, with both the Dow and S&P 500 ending at records as large-cap technology shares gained and offset continued weakness in energy names, Reuters reports.
Intel and Facebook (FB) rose more than 2%, as technology shares surged.
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Separately, Intel released a new app today to transfer data from smartphones and other devices to Google's (GOOGL) Chromebook. The new app is called "Easy Migration."
TheStreet Ratings team rates INTEL CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTEL CORP (INTC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: