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4 Stocks Raising The Technology Sector Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 47 points (-0.3%) at 15,521 as of Wednesday, July 24, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 716 issues advancing vs. 2,228 declining with 95 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.3%. Top gainers within the sector include EMC Corporation (EMC), up 6.1%, Taiwan Semiconductor Manufacturing (TSM), up 2.1%, Sap (SAP), up 1.2%, International Business Machines (IBM), up 1.0% and Intel (INTC), up 0.8%. On the negative front, top decliners within the sector include Broadcom Corporation (BRCM), down 16.0%, Seagate Technology (STX), down 5.6%, America Movil S.A.B. de C.V (AMX), down 1.5%, America Movil S.A.B. de C.V (AMOV), down 1.0% and Qualcomm (QCOM), down 0.9%.

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

4. TE Connectivity (TEL) is one of the companies pushing the Technology sector higher today. As of noon trading, TE Connectivity is up $2.59 (5.4%) to $50.54 on heavy volume. Thus far, 1.8 million shares of TE Connectivity exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $48.29-$50.79 after having opened the day at $48.29 as compared to the previous trading day's close of $47.95.

TE Connectivity Ltd., together with its subsidiaries, designs and manufactures products that connect and protect the flow of power and data inside the products used by consumers and industries. TE Connectivity has a market cap of $20.0 billion and is part of the electronics industry. Shares are up 29.6% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate TE Connectivity a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates TE Connectivity as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full TE Connectivity Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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