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 51 points (0.4%) at 14,033 as of Tuesday, Feb. 19, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,948 issues advancing vs. 943 declining with 147 unchanged.

The Technology sector currently sits up 0.7% versus the S&P 500, which is up 0.5%. Top gainers within the sector include AU Optronics Corporation ( AUO), up 11.0%, CenturyLink ( CTL), up 5.7%, Taiwan Semiconductor Manufacturing ( TSM), up 2.6%, Turkcell Iletisim Hizmetleri AS ( TKC), up 2.5% and Rogers Communications ( RCI), up 2.4%.

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

5. Yahoo ( YHOO) is one of the companies pushing the Technology sector higher today. As of noon trading, Yahoo is up $0.37 (1.8%) to $21.38 on light volume Thus far, 5.8 million shares of Yahoo exchanged hands as compared to its average daily volume of 22.1 million shares. The stock has ranged in price between $20.97-$21.40 after having opened the day at $21.03 as compared to the previous trading day's close of $21.02.

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 $24.9 billion and is part of the internet industry. The company has a P/E ratio of 18.0, above the S&P 500 P/E ratio of 17.7. Shares are up 5.6% year to date as of the close of trading on Friday. 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 revenue growth, notable return on equity, reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Yahoo Ratings Report now.

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