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5 Stocks Moving The Technology Sector Upward

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

One out of the three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading down 31 points (-0.2%) at 14,506 as of Friday, April 19, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,094 issues advancing vs. 778 declining with 149 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is up 0.7%. Top gainers within the sector include China Unicom (Hong Kong (CHU), up 8.7%, Taiwan Semiconductor Manufacturing (TSM), up 4.4%, Telekomunikasi Indonesia (Persero) Tbk (TLK), up 3.6%, China Telecom (CHA), up 3.4% and Verizon Communications (VZ), up 2.2%. On the negative front, top decliners within the sector include Wipro (WIT), down 4.60, Hewlett-Packard (HPQ), down 2.00 and America Movil S.A.B. de C.V (AMOV), down 1.93.

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

5. Oracle Corporation (ORCL) is one of the companies pushing the Technology sector higher today. As of noon trading, Oracle Corporation is up $0.23 (0.72) to $32.35 on average volume Thus far, 15.0 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 23.8 million shares. The stock has ranged in price between $31.67-$32.46 after having opened the day at $31.75 as compared to the previous trading day's close of $32.12.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $153.0 billion and is part of the computer software & services industry. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Oracle Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, notable return on equity and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Oracle Corporation Ratings Report now.

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