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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 13,082 as of Monday, Nov. 5, 2012, 1:34 PM ET. The NYSE advances/declines ratio sits at 1,351 issues advancing vs. 1,574 declining with 129 unchanged.

The Technology sector currently sits up 0.7% versus the S&P 500, which is down 0.1%. A company within the sector that increased today was Kyocera Corporation ( KYO), up 2.4%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMOV), down 3.1%, Thomson Reuters Corporation ( TRI), down 1.9%, Telefonica ( TEF), down 2.1%, Nippon Telegraph & Telephone ( NTT), down 1.4% and China Unicom (Hong Kong ( CHU), down 1.2%.

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

5. Texas Instruments ( TXN) is one of the companies pushing the Technology sector higher today. As of noon trading, Texas Instruments is up $0.42 (1.5%) to $28.95 on light volume Thus far, 4.5 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 8.9 million shares. The stock has ranged in price between $28.46-$29.14 after having opened the day at $28.66 as compared to the previous trading day's close of $28.53.

Texas Instruments Incorporated engages in the design and sale of semiconductors to electronics designers and manufacturers worldwide. Texas Instruments has a market cap of $33.2 billion and is part of the electronics industry. The company has a P/E ratio of 21.3, above the S&P 500 P/E ratio of 17.7. Shares are down 2.0% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Texas Instruments a buy, 4 analysts rate it a sell, and 20 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Texas Instruments Ratings Report now.

4. As of noon trading, Hewlett-Packard ( HPQ) is up $0.08 (0.6%) to $13.84 on light volume Thus far, 8.2 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 26.7 million shares. The stock has ranged in price between $13.68-$14.03 after having opened the day at $13.68 as compared to the previous trading day's close of $13.76.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $27.5 billion and is part of the computer hardware industry. The company has a P/E ratio of -5.1, below the S&P 500 P/E ratio of 17.7. Shares are down 46.6% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Hewlett-Packard a buy, 8 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk. Get the full Hewlett-Packard Ratings Report now.

3. As of noon trading, Qualcomm ( QCOM) is up $0.93 (1.6%) to $60.23 on light volume Thus far, 6.0 million shares of Qualcomm exchanged hands as compared to its average daily volume of 10.2 million shares. The stock has ranged in price between $59.80-$60.35 after having opened the day at $60.14 as compared to the previous trading day's close of $59.30.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. Qualcomm has a market cap of $101.7 billion and is part of the telecommunications industry. The company has a P/E ratio of 20.2, above the S&P 500 P/E ratio of 17.7. Shares are up 9.2% year to date as of the close of trading on Friday. Currently there are 33 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Qualcomm as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Qualcomm Ratings Report now.

2. As of noon trading, Intel ( INTC) is up $0.16 (0.8%) to $22.00 on light volume Thus far, 16.6 million shares of Intel exchanged hands as compared to its average daily volume of 45.2 million shares. The stock has ranged in price between $21.81-$22.05 after having opened the day at $22.02 as compared to the previous trading day's close of $21.84.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms primarily in the Asia-Pacific, the Americas, Europe, and Japan. Intel has a market cap of $110.8 billion and is part of the electronics industry. The company has a P/E ratio of 9.7, below the S&P 500 P/E ratio of 17.7. Shares are down 9.0% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Intel a buy, 3 analysts rate it a sell, and 23 rate it a hold.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Intel Ratings Report now.

1. As of noon trading, Apple ( AAPL) is up $4.23 (0.7%) to $581.03 on light volume Thus far, 11.7 million shares of Apple exchanged hands as compared to its average daily volume of 16.9 million shares. The stock has ranged in price between $577.81-$587.77 after having opened the day at $583.52 as compared to the previous trading day's close of $576.80.

Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. Apple has a market cap of $559.2 billion and is part of the computer hardware industry. The company has a P/E ratio of 13.5, below the S&P 500 P/E ratio of 17.7. Shares are up 47.3% year to date as of the close of trading on Friday. Currently there are 38 analysts that rate Apple a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Apple as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Apple Ratings Report now.

If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

A reminder about TheStreet Ratings group: 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.
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