Technology Sector Bounces Back with Top Gainers Amid Sector Down 0.3%

Strategic Insights -

The technology sector showed signs of recovery on Friday, Sept. 25, 2015, with top gainers such as Avago Technologies, Cisco Systems, and Intel leading the way. The sector remains down 0.3% overall, but these three stocks have helped lift the sector's performance. Avago Technologies is up 2.9% to $127.73, Cisco Systems is up 2.5% to $26.04, and Intel is up 1.6% to $28.95. These stocks have been chosen for their strong performance and potential for future growth.

Key Takeaways:

  • Avago Technologies is up 2.9% to $127.73, with a market cap of $34.6 billion and a P/E ratio of 35.0.
  • Cisco Systems is up 2.5% to $26.04, with a market cap of $127.9 billion and a P/E ratio of 14.4.
  • Intel is up 1.6% to $28.95, with a market cap of $136.6 billion and a P/E ratio of 12.2.
  • Robust revenue growth, notable return on equity, compelling growth in net income, good cash flow from operations, and expanding profit margins are some of the strengths of these companies.
  • Currently, there are 18 analysts who rate Avago Technologies a buy, 1 analyst rates it a sell, and 1 rates it a hold.
  • Currently, there are 16 analysts who rate Cisco Systems a buy, 2 analysts rate it a sell, and 6 rate it a hold.
  • Currently, there are 19 analysts who rate Intel a buy, 4 analysts rate it a sell, and 7 rate it a hold.

Statistics:

  • Avago Technologies has a market cap of $34.6 billion, up 23.4% year-to-date.
  • Cisco Systems has a market cap of $127.9 billion, down 8.7% year-to-date.
  • Intel has a market cap of $136.6 billion, down 21.5% year-to-date.
  • The Technology sector is down 0.3%, with 1,782 issues advancing vs. 1,190 declining with 158 unchanged.
  • Average volume for Avago Technologies is 3.6 million shares, with 1.3 million shares exchanged hands as of noon trading.
  • Average volume for Cisco Systems is 27.4 million shares, with 16.1 million shares exchanged hands as of noon trading.
  • Average volume for Intel is 34.5 million shares, with 12.3 million shares exchanged hands as of noon trading.

Sources:

  • TheStreet Wire
  • TheStreet Ratings
  • TheStreet.com
  • Jim Cramer's charitable trust portfolio
  • NASDAQ
  • NYSE