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 163 points (1.2%) at 13,275 as of Tuesday, Nov. 6, 2012, 12:34 PM ET. The NYSE advances/declines ratio sits at 2,126 issues advancing vs. 762 declining with 145 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 1.1%. Top gainers within the sector include Computer Sciences Corporation ( CSC), up 16.3%, AOL ( AOL), up 15.3%, Tim Holding Company ( TSU), up 4.4%, TE Connectivity ( TEL), up 4.2% and Citrix Systems ( CTXS), up 3.0%. On the negative front, top decliners within the sector include ServiceSource International ( SREV), down 35.6%, BroadSoft ( BSFT), down 16.7%, Nationstar Mortgage Holdings ( NSM), down 6.1%, MSCI ( MSCI), down 4.7% and CGI Group ( GIB), down 4.1%.

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

5. Dell ( DELL) is one of the companies pushing the Technology sector higher today. As of noon trading, Dell is up $0.22 (2.4%) to $9.57 on average volume Thus far, 9.5 million shares of Dell exchanged hands as compared to its average daily volume of 19.1 million shares. The stock has ranged in price between $9.34-$9.61 after having opened the day at $9.37 as compared to the previous trading day's close of $9.35.

Dell Inc. provides integrated technology solutions in the information technology (IT) industry worldwide. Dell has a market cap of $15.9 billion and is part of the computer hardware industry. The company has a P/E ratio of 5.4, below the S&P 500 P/E ratio of 17.7. Shares are down 37.5% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Dell a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates Dell as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow. Get the full Dell Ratings Report now.

4. As of noon trading, ASML ( ASML) is up $0.75 (1.3%) to $57.32 on light volume Thus far, 812,192 shares of ASML exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $56.71-$57.42 after having opened the day at $56.78 as compared to the previous trading day's close of $56.57.

ASML Holding N.V., through its subsidiaries, engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. ASML has a market cap of $23.0 billion and is part of the electronics industry. The company has a P/E ratio of 76.1, above the S&P 500 P/E ratio of 17.7. Shares are up 35.4% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate ASML a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, 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 ASML Ratings Report now.

3. As of noon trading, Seagate Technology ( STX) is up $1.17 (4.1%) to $30.01 on average volume Thus far, 5.1 million shares of Seagate Technology exchanged hands as compared to its average daily volume of 9.7 million shares. The stock has ranged in price between $28.76-$30.25 after having opened the day at $29.00 as compared to the previous trading day's close of $28.84.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise storage, client compute, and client non-compute market applications worldwide. Seagate Technology has a market cap of $10.6 billion and is part of the computer hardware industry. The company has a P/E ratio of 3.7, below the S&P 500 P/E ratio of 17.7. Shares are up 70.8% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Seagate Technology a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Seagate Technology Ratings Report now.

2. As of noon trading, EMC Corporation ( EMC) is up $0.46 (1.9%) to $25.34 on light volume Thus far, 5.3 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 18.0 million shares. The stock has ranged in price between $24.77-$25.41 after having opened the day at $25.11 as compared to the previous trading day's close of $24.88.

EMC Corporation develops, delivers, and supports the information and virtual infrastructure technologies and solutions. EMC Corporation has a market cap of $52.4 billion and is part of the computer hardware industry. The company has a P/E ratio of 20.5, above the S&P 500 P/E ratio of 17.7. Shares are up 15.5% year to date as of the close of trading on Monday. Currently there are 28 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates EMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full EMC Corporation Ratings Report now.

1. As of noon trading, Cisco Systems ( CSCO) is up $0.21 (1.2%) to $17.61 on average volume Thus far, 17.0 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 39.2 million shares. The stock has ranged in price between $17.35-$17.71 after having opened the day at $17.44 as compared to the previous trading day's close of $17.40.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. Cisco Systems has a market cap of $92.0 billion and is part of the computer hardware industry. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7. Shares are down 4.0% year to date as of the close of trading on Monday. Currently there are 19 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Cisco Systems 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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