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 42 points (0.3%) at 14,338 as of Thursday, March 7, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,674 issues advancing vs. 1,197 declining with 153 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Ciena Corporation (CIEN), up 15.3%, Level 3 Communications (LVLT), up 7.5%, JDS Uniphase Corp (CA (JDSU), up 6.5%, Telecom Italia SpA ADR (TI.A), up 4.3% and Telecom Italia SpA (TI), up 3.4%. On the negative front, top decliners within the sector include Nippon Telegraph & Telephone (NTT), down 1.8%, CenturyLink (CTL), down 1.7%, P.T. Telekomunikasi Indonesia Tbk (TLK), down 1.3%, Rogers Communications (RCI), down 1.4% and ASML (ASML), down 1.1%.

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

5. TripAdvisor (TRIP) is one of the companies pushing the Technology sector higher today. As of noon trading, TripAdvisor is up $2.23 (4.6%) to $50.86 on average volume Thus far, 1.2 million shares of TripAdvisor exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $48.10-$51.00 after having opened the day at $48.59 as compared to the previous trading day's close of $48.63.

TripAdvisor, Inc., an online travel company, provides trip advisory services. TripAdvisor has a market cap of $6.2 billion and is part of the internet industry. The company has a P/E ratio of 34.8, above the S&P 500 P/E ratio of 17.7. Shares are up 13.7% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate TripAdvisor a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates TripAdvisor as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full TripAdvisor Ratings Report now.

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