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5 Stocks Pushing The Technology Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.2%) at 12,810 as of Wednesday, Nov. 21, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,635 issues advancing vs. 1,204 declining with 167 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 0.0%. Top gainers within the sector include Nokia Oyj ( NOK), up 8.1%, VMWare ( VMW), up 2.6%, Hewlett-Packard ( HPQ), up 2.5%, Ericsson Telephone Company ( ERIC), up 2.1% and China Telecom ( CHA), up 1.7%. On the negative front, top decliners within the sector include Baidu ( BIDU), down 2.4%, Nippon Telegraph & Telephone ( NTT), down 1.3%, Intel ( INTC), down 1.1% and America Movil S.A.B. de C.V ( AMOV), down 0.7%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Salesforce.com ( CRM) is one of the companies pushing the Technology sector higher today. As of noon trading, Salesforce.com is up $11.47 (7.9%) to $157.37 on heavy volume Thus far, 3.9 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $149.80-$157.72 after having opened the day at $150.10 as compared to the previous trading day's close of $145.90.

salesforce.com, inc provides cloud computing and social enterprise solutions to various businesses and industries worldwide. The company delivers customer relationship management applications through Internet or cloud. Salesforce.com has a market cap of $20.7 billion and is part of the computer software & services industry. The company has a P/E ratio of -136.4, below the S&P 500 P/E ratio of 17.7. Shares are up 43.8% year to date as of the close of trading on Tuesday. Currently there are 28 analysts that rate Salesforce.com a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Salesforce.com Ratings Report now.

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