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TheStreet Open House
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Technology Stocks On The Rise With Help From 5 Stocks

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 53 points (-0.3%) at 16,478 as of Wednesday, Jan. 8, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,242 issues advancing vs. 1,672 declining with 178 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is unchanged. Top gainers within the sector include Qihoo 360 Technology ( QIHU), up 7.8%, NetEase ( NTES), up 3.8%, Salesforce.com ( CRM), up 3.0%, Seagate Technology ( STX), up 2.8% and Western Digital Corporation ( WDC), up 1.9%. On the negative front, top decliners within the sector include Turkcell Iletisim Hizmetleri AS ( TKC), down 2.3%, America Movil S.A.B. de C.V ( AMOV), down 1.3%, Infosys ( INFY), down 1.3%, NTT DoCoMo ( DCM), down 1.1% and BT Group ( BT), down 0.7%.

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

5. Yelp ( YELP) is one of the companies pushing the Technology sector higher today. As of noon trading, Yelp is up $6.41 (8.8%) to $79.07 on heavy volume. Thus far, 3.3 million shares of Yelp exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $74.11-$79.29 after having opened the day at $74.11 as compared to the previous trading day's close of $72.66.

Yelp, Inc. operates Yelp.com, an online urban city guide that helps people find places to eat, shop, drink, relax, and play based on the informed opinions of a community of locals in the know. Yelp has a market cap of $4.2 billion and is part of the internet industry. Shares are down 1.5% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Yelp a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Yelp as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and feeble growth in its earnings per share. Get the full Yelp 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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