4 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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 19 points (-0.1%) at 13,006 as of Monday, Dec. 3, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,239 issues advancing vs. 1,655 declining with 129 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Qihoo 360 Technology (QIHU), up 11.0%, VeriSign (VRSN), up 6.6%, Dell (DELL), up 5.8%, Ericsson Telephone Company (ERIC), up 1.2% and Baidu (BIDU), up 1.4%. On the negative front, top decliners within the sector include Kyocera Corporation (KYO), down 1.9%, China Telecom (CHA), down 2.0%, Nippon Telegraph & Telephone (NTT), down 1.2% and China Unicom (Hong Kong (CHU), down 1.0%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector higher today:

4. AU Optronics Corporation (AUO) is one of the companies pushing the Technology sector higher today. As of noon trading, AU Optronics Corporation is up $0.26 (6.3%) to $4.38 on light volume Thus far, 431,410 shares of AU Optronics Corporation exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $4.34-$4.40 after having opened the day at $4.38 as compared to the previous trading day's close of $4.12.

AU Optronics Corp., together with its subsidiaries, engages in the design, development, manufacture, assembly, and marketing of flat panel displays, primarily thin film transistor liquid crystal display (TFT-LCD) panels. AU Optronics Corporation has a market cap of $3.6 billion and is part of the electronics industry. Shares are down 6.0% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates AU Optronics Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates AU Optronics Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full AU Optronics Corporation Ratings Report now.

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