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 83 points (0.6%) at 13,218 as of Monday, Dec. 17, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,927 issues advancing vs. 999 declining with 148 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is up 0.8%. Top gainers within the sector include Geospace Technologies (GEOS), up 29.6%, Google (GOOG), up 2.0%, P.T. Telekomunikasi Indonesia Tbk (TLK), up 1.7%, EMC Corporation (EMC), up 1.3% and Salesforce.com (CRM), up 1.4%. On the negative front, top decliners within the sector include Clearwire (CLWR), down 13.1%, Activision Blizzard (ATVI), down 2.2%, China Telecom (CHA), down 1.6%, Nippon Telegraph & Telephone (NTT), down 1.3% and Infosys (INFY), down 1.1%.

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

5. VimpelCom (VIP) is one of the companies pushing the Technology sector higher today. As of noon trading, VimpelCom is up $0.34 (3.1%) to $11.35 on average volume Thus far, 829,973 shares of VimpelCom exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $11.09-$11.40 after having opened the day at $11.22 as compared to the previous trading day's close of $11.01.

VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. VimpelCom has a market cap of $18.0 billion and is part of the telecommunications industry. The company has a P/E ratio of 19.5, above the S&P 500 P/E ratio of 17.7. Shares are up 17.2% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates VimpelCom a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates VimpelCom as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, generally high debt management risk and disappointing return on equity. Get the full VimpelCom Ratings Report now.

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