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 10 points (0.1%) at 14,085 as of Thursday, Feb. 28, 2013, 12:04 PM ET. The NYSE advances/declines ratio sits at 1,607 issues advancing vs. 1,243 declining with 160 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the sector include P.T. Telekomunikasi Indonesia Tbk (TLK), up 5.3%, Research in Motion (BBRY), up 2.3%, Research in Motion (RIMM), up 2.2%, Rackspace Hosting (RAX), up 1.9% and China Unicom (Hong Kong (CHU), up 1.5%. On the negative front, top decliners within the sector include CGG (CGG), down 8.9%, Telecom Argentina (TEO), down 7.4%, Catamaran (CTRX), down 5.4%, Nokia Oyj (NOK), down 3.0% and LG.Display Company (LPL), down 2.4%.

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 $0.11 (0.9%) to $11.92 on light volume Thus far, 416,120 shares of VimpelCom exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $11.77-$11.96 after having opened the day at $11.85 as compared to the previous trading day's close of $11.81.

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 $18.8 billion and is part of the telecommunications industry. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are up 12.6% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate 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 high debt management risk and disappointing return on equity. Get the full VimpelCom Ratings Report now.

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