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 up 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is down 0.1%. Top gainers within the sector include VimpelCom ( VIP), up 3.7%, and China Telecom ( CHA), up 3.2%. On the negative front, top decliners within the sector include Baidu ( BIDU), down 6.2%, ASML ( ASML), down 1.7% and Oracle Corporation ( ORCL), down 0.7%.

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

5. Telefonica ( TEF) is one of the companies pushing the Technology sector higher today. As of noon trading, Telefonica is up $0.13 (1.0%) to $13.13 on light volume Thus far, 499,706 shares of Telefonica exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $13.03-$13.14 after having opened the day at $13.09 as compared to the previous trading day's close of $13.00.

Telefonica, S.A. provides fixed and mobile telephony services primarily in Spain, Latin America, and rest of Europe. Telefonica has a market cap of $59.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 57.4, above the S&P 500 P/E ratio of 17.7. Shares are down 24.2% year to date as of the close of trading on Monday. Currently there are no analysts that rate Telefonica a buy, 3 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Telefonica as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, a generally disappointing performance in the stock itself and poor profit margins. Get the full Telefonica Ratings Report now.

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4. As of noon trading, Siemens ( SI) is up $0.76 (0.7%) to $104.19 on light volume Thus far, 175,789 shares of Siemens exchanged hands as compared to its average daily volume of 475,900 shares. The stock has ranged in price between $103.93-$104.54 after having opened the day at $104.18 as compared to the previous trading day's close of $103.43.

Siemens Aktiengesellschaft, an electronics and electrical engineering company, operates in the industry, energy, healthcare, and infrastructure and cities sectors worldwide. Siemens has a market cap of $88.6 billion and is part of the telecommunications industry. The company has a P/E ratio of 32.1, above the S&P 500 P/E ratio of 17.7. Shares are up 8.2% year to date as of the close of trading on Monday. Currently there are no analysts that rate Siemens a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Siemens as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and feeble growth in the company's earnings per share. Get the full Siemens Ratings Report now.

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3. As of noon trading, Hewlett-Packard ( HPQ) is up $0.24 (1.8%) to $13.10 on light volume Thus far, 8.0 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 30.3 million shares. The stock has ranged in price between $12.91-$13.17 after having opened the day at $13.00 as compared to the previous trading day's close of $12.87.

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 $25.5 billion and is part of the computer hardware industry. The company has a P/E ratio of 3.2, below the S&P 500 P/E ratio of 17.7. Shares are down 50.0% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Hewlett-Packard a buy, 7 analysts rate it a sell, and 16 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, generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Hewlett-Packard Ratings Report now.

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2. As of noon trading, Yahoo ( YHOO) is up $0.31 (1.7%) to $18.86 on average volume Thus far, 8.8 million shares of Yahoo exchanged hands as compared to its average daily volume of 23.3 million shares. The stock has ranged in price between $18.60-$18.96 after having opened the day at $18.64 as compared to the previous trading day's close of $18.55.

Yahoo! Inc., together with its subsidiaries, operates as a digital media company that delivers personalized digital content and experiences worldwide. Yahoo has a market cap of $22.2 billion and is part of the internet industry. The company has a P/E ratio of 5.8, below the S&P 500 P/E ratio of 17.7. Shares are up 16.4% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Yahoo a buy, 1 analyst rates it a sell, and 18 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, attractive valuation levels and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Yahoo Ratings Report now.

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1. As of noon trading, Intel ( INTC) is up $0.24 (1.2%) to $19.78 on average volume Thus far, 21.6 million shares of Intel exchanged hands as compared to its average daily volume of 52.6 million shares. The stock has ranged in price between $19.61-$19.96 after having opened the day at $19.63 as compared to the previous trading day's close of $19.54.

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 $97.4 billion and is part of the electronics industry. The company has a P/E ratio of 8.5, below the S&P 500 P/E ratio of 17.7. Shares are down 19.4% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Intel a buy, 3 analysts rate it a sell, and 22 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.

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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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