5 Stocks Pushing The Technology Sector Higher

TheStreet Ratings group would like to highlight 5 stocks pushing the technology sector higher today, Nov. 13, 2012.

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 52 points (0.4%) at 12,867 as of Tuesday, Nov. 13, 2012, 11:54 AM ET. The NYSE advances/declines ratio sits at 1,426 issues advancing vs. 1,481 declining with 120 unchanged.

The Technology sector currently sits down 0.1% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Telefonica ( TEF), up 1.7%, AT&T ( T), up 1.4%, BT Group ( BT), up 1.3% and Siemens ( SI), up 0.5%. On the negative front, top decliners within the sector include China Telecom ( CHA), down 2.8%, Telefonica Brasil S.A ( VIV), down 1.5%, China Unicom (Hong Kong ( CHU), down 1.4%, America Movil S.A.B. de C.V ( AMOV), down 0.7% and Intel ( INTC), down 0.6%.

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

5. Sap AG ADR ( SAP) is one of the companies pushing the Technology sector higher today. As of noon trading, Sap AG ADR is up $0.72 (1.0%) to $71.87 on average volume Thus far, 473,151 shares of Sap AG ADR exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $71.04-$72.09 after having opened the day at $71.20 as compared to the previous trading day's close of $71.15.

SAP AG provides enterprise application software and software-related services worldwide. Sap AG ADR has a market cap of $84.6 billion and is part of the computer software & services industry. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are up 34.4% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Sap AG ADR a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Sap AG ADR as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Sap AG ADR Ratings Report now.

4. As of noon trading, Verizon Communications ( VZ) is up $0.59 (1.4%) to $43.15 on light volume Thus far, 4.7 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.2 million shares. The stock has ranged in price between $42.36-$43.24 after having opened the day at $42.46 as compared to the previous trading day's close of $42.56.

Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $121.7 billion and is part of the telecommunications industry. The company has a P/E ratio of 39.5, above the S&P 500 P/E ratio of 17.7. Shares are up 6.3% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Verizon Communications a buy, 1 analyst rates it a sell, and 17 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Verizon Communications Ratings Report now.

3. As of noon trading, Qualcomm ( QCOM) is up $0.89 (1.4%) to $62.51 on average volume Thus far, 5.4 million shares of Qualcomm exchanged hands as compared to its average daily volume of 11.0 million shares. The stock has ranged in price between $61.20-$62.68 after having opened the day at $61.34 as compared to the previous trading day's close of $61.62.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. Qualcomm has a market cap of $105.0 billion and is part of the telecommunications industry. The company has a P/E ratio of 20.1, above the S&P 500 P/E ratio of 17.7. Shares are up 12.7% year to date as of the close of trading on Monday. Currently there are 33 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 3 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, increase in stock price during the past year, 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, International Business Machines ( IBM) is up $1.13 (0.6%) to $190.38 on light volume Thus far, 1.3 million shares of International Business Machines exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $188.25-$190.88 after having opened the day at $188.39 as compared to the previous trading day's close of $189.25.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. International Business Machines has a market cap of $214.3 billion and is part of the computer hardware industry. The company has a P/E ratio of 13.7, below the S&P 500 P/E ratio of 17.7. Shares are up 2.9% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate International Business Machines a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full International Business Machines Ratings Report now.

1. As of noon trading, Apple ( AAPL) is up $2.67 (0.5%) to $545.50 on average volume Thus far, 8.4 million shares of Apple exchanged hands as compared to its average daily volume of 18.4 million shares. The stock has ranged in price between $536.36-$547.29 after having opened the day at $538.91 as compared to the previous trading day's close of $542.83.

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 $514.6 billion and is part of the computer hardware industry. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are up 34.0% year to date as of the close of trading on Monday. 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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