Technology Sector Sees Mixed Performance Amidst Top Gainers

Strategic Insights -

The technology sector is experiencing a mixed day on the trading floor, with various stocks performing differently. The Dow Jones Industrial Average is trading up 68 points (0.4%) at 17,319 as of Tuesday, Dec. 22, 2015, 11:55 AM ET. Top gainers within the sector include Tableau Software, up 5.0%, America Movil SAB de CV, up 2.9%, Harris Corporation, up 2.1%, Twitter, up 1.9%, and Eaton, up 1.8%. On the negative front, top decliners include SolarCity, down 5.1%, Turkcell Iletisim Hizmetleri AS, down 2.2%, Total System Services, down 1.8%, Kyocera, down 1.6%, and Micron Technology, down 1.1%. Intel and Alphabet are also seeing notable gains, with Intel up 1.5% to $34.75 and Alphabet up 0.7% to $766.37.

Key Takeaways:

  • Tableau Software leads the top gainers in the technology sector, up 5.0% at $nullptr, attributed to its recent strong performance.
  • America Movil SAB de CV, Harris Corporation, Twitter, and Eaton are also among the top gainers, up 2.9%, 2.1%, 1.9%, and 1.8% respectively.
  • SolarCity, Turkcell Iletisim Hizmetleri AS, Total System Services, Kyocera, and Micron Technology are among the top decliners, down 5.1%, 2.2%, 1.8%, 1.6%, and 1.1% respectively.
  • Intel and Alphabet are notable gainers in the sector, up 0.5% and 0.7% to $34.75 and $766.37 respectively.
  • TheStreet Ratings rates Intel as a buy, citing its solid financial position, attractive valuation levels, and expanding profit margins.
  • TheStreet Ratings also rates Alphabet as a buy, citing its compelling growth in net income, revenue growth, and solid stock price performance.
  • The technology sector's performance is worth noting, with various stocks showing different trends.

Statistics:

  • Dow Jones Industrial Average is trading up 68 points (0.4%) at 17,319 as of Tuesday, Dec. 22, 2015, 11:55 AM ET.
  • Top gainers: Tableau Software up 5.0%, America Movil SAB de CV up 2.9%, Harris Corporation up 2.1%, Twitter up 1.9%, and Eaton up 1.8%.
  • Top decliners: SolarCity down 5.1%, Turkcell Iletisim Hizmetleri AS down 2.2%, Total System Services down 1.8%, Kyocera down 1.6%, and Micron Technology down 1.1%.
  • Intel is up 1.5% to $34.75, with 5.8 million shares exchanged.
  • Alphabet is up 0.7% to $766.37, with 687,716 shares exchanged.
  • TheStreet Ratings rates Intel and Alphabet as buys, citing their various strengths.

Sources:

  • TheStreet.com, "All three major indices are trading up today with the Dow Jones Industrial Average trading up 68 points (0.4%) at 17,319 as of Tuesday, Dec. 22, 2015, 11:55 AM ET."
  • TheStreet.com, "The NYSE advances/declines ratio sits at 1,948 issues advancing vs. 970 declining with 162 unchanged."
  • TheStreet.com, "Technology Select Sector SPDR (XLK) and ProShares Ultra Short Technology (REW) may be of interest to investors."