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 83 points (0.6%) at 13,218 as of Monday, Dec. 17, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,927 issues advancing vs. 999 declining with 148 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is up 0.8%. Top gainers within the sector include Geospace Technologies ( GEOS), up 29.6%, Google ( GOOG), up 2.0%, P.T. Telekomunikasi Indonesia Tbk ( TLK), up 1.7%, EMC Corporation ( EMC), up 1.3% and Salesforce.com ( CRM), up 1.4%. On the negative front, top decliners within the sector include Clearwire ( CLWR), down 13.1%, Activision Blizzard ( ATVI), down 2.2%, China Telecom ( CHA), down 1.6%, Nippon Telegraph & Telephone ( NTT), down 1.3% and Infosys ( INFY), down 1.1%.

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

5. VimpelCom ( VIP) is one of the companies pushing the Technology sector higher today. As of noon trading, VimpelCom is up $0.34 (3.1%) to $11.35 on average volume Thus far, 829,973 shares of VimpelCom exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $11.09-$11.40 after having opened the day at $11.22 as compared to the previous trading day's close of $11.01.

VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. VimpelCom has a market cap of $18.0 billion and is part of the telecommunications industry. The company has a P/E ratio of 19.5, above the S&P 500 P/E ratio of 17.7. Shares are up 17.2% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates VimpelCom a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates VimpelCom as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, generally high debt management risk and disappointing return on equity. Get the full VimpelCom Ratings Report now.

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4. As of noon trading, Compuware Corporation ( CPWR) is up $1.32 (13.9%) to $10.86 on heavy volume Thus far, 9.2 million shares of Compuware Corporation exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $9.52-$11.16 after having opened the day at $9.59 as compared to the previous trading day's close of $9.53.

Compuware Corporation provides software, software as a service, and professional technical services worldwide. It operates in six segments: Application Performance Management (APM), Mainframe, Changepoint, Uniface, Professional Services, and Covisint Application Services (Covisint). Compuware Corporation has a market cap of $2.0 billion and is part of the computer software & services industry. The company has a P/E ratio of 29.8, above the S&P 500 P/E ratio of 17.7. Shares are up 14.5% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Compuware Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Compuware Corporation as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Compuware Corporation Ratings Report now.

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3. As of noon trading, Nokia Oyj ( NOK) is up $0.10 (2.6%) to $3.92 on heavy volume Thus far, 36.2 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 47.3 million shares. The stock has ranged in price between $3.83-$3.96 after having opened the day at $3.84 as compared to the previous trading day's close of $3.82.

Nokia Corporation provides telecommunications infrastructure hardware, software, and services worldwide. The company offers smart phones and smart devices; and feature phones, and related services and applications. Nokia Oyj has a market cap of $14.0 billion and is part of the telecommunications industry. Shares are down 22.0% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Nokia Oyj a buy, 9 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Nokia Oyj 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 disappointing historical performance in the stock itself. Get the full Nokia Oyj Ratings Report now.

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2. As of noon trading, Qualcomm ( QCOM) is up $1.50 (2.5%) to $61.33 on average volume Thus far, 8.3 million shares of Qualcomm exchanged hands as compared to its average daily volume of 11.5 million shares. The stock has ranged in price between $59.90-$61.38 after having opened the day at $60.21 as compared to the previous trading day's close of $59.83.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. Qualcomm has a market cap of $106.9 billion and is part of the telecommunications 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 14.7% year to date as of the close of trading on Friday. Currently there are 31 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, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Qualcomm Ratings Report now.

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1. As of noon trading, International Business Machines ( IBM) is up $1.82 (0.9%) to $193.58 on light volume Thus far, 1.2 million shares of International Business Machines exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $191.76-$193.65 after having opened the day at $191.76 as compared to the previous trading day's close of $191.76.

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 $216.9 billion and is part of the computer hardware industry. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7. Shares are up 4.3% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate International Business Machines a buy, 1 analyst rates it a sell, and 11 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 and expanding profit margins. 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.

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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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