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 down 39 points (-0.3%) at 13,960 as of Monday, Feb. 25, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,475 issues advancing vs. 1,392 declining with 148 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Infosys ( INFY), up 3.7%, Tim Holding Company ( TSU), up 2.6%, Nippon Telegraph & Telephone ( NTT), up 1.9%, Nielsen Holdings ( NLSN), up 1.5% and Telefonica ( TEF), up 1.1%. On the negative front, top decliners within the sector include 3D Systems Corporation ( DDD), down 7.6%, F5 Networks ( FFIV), down 4.9%, BT Group ( BT), down 3.4%, Salesforce.com ( CRM), down 2.0% and America Movil S.A.B. de C.V ( AMOV), down 1.8%.

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

5. Thomson Reuters Corporation ( TRI) is one of the companies pushing the Technology sector higher today. As of noon trading, Thomson Reuters Corporation is up $0.40 (1.4%) to $30.32 on heavy volume Thus far, 630,842 shares of Thomson Reuters Corporation exchanged hands as compared to its average daily volume of 833,500 shares. The stock has ranged in price between $30.00-$30.36 after having opened the day at $30.01 as compared to the previous trading day's close of $29.92.

Thomson Reuters Corporation provides intelligent information for businesses and professionals worldwide. Thomson Reuters Corporation has a market cap of $24.6 billion and is part of the computer software & services industry. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are up 2.5% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Thomson Reuters Corporation a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Thomson Reuters 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, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Thomson Reuters Corporation Ratings Report now.

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4. As of noon trading, Telefonica Brasil S.A ( VIV) is up $1.07 (4.4%) to $25.50 on average volume Thus far, 662,481 shares of Telefonica Brasil S.A exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $25.26-$25.56 after having opened the day at $25.48 as compared to the previous trading day's close of $24.43.

Telefonica Brasil, S.A. provides fixed-line telecommunications services to residential and commercial customers in the state of Sao Paulo, Brazil. Telefonica Brasil S.A has a market cap of $27.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 6.5, below the S&P 500 P/E ratio of 17.7. Shares are up 1.5% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Telefonica Brasil S.A a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Telefonica Brasil S.A as a hold. 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 and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and a generally disappointing performance in the stock itself. Get the full Telefonica Brasil S.A Ratings Report now.

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3. As of noon trading, Zynga Inc Class A ( ZNGA) is up $0.41 (12.8%) to $3.60 on heavy volume Thus far, 61.7 million shares of Zynga Inc Class A exchanged hands as compared to its average daily volume of 28.2 million shares. The stock has ranged in price between $3.42-$3.69 after having opened the day at $3.48 as compared to the previous trading day's close of $3.19.

Zynga Inc. develops, markets, and operates online social games as live services on the Internet, social networking sites, and mobile platforms. Zynga Inc Class A has a market cap of $1.7 billion and is part of the internet industry. The company has a P/E ratio of 42.3, above the S&P 500 P/E ratio of 17.7. Shares are up 25.4% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Zynga Inc Class A a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates Zynga Inc Class A as a sell. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Zynga Inc Class A Ratings Report now.

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2. As of noon trading, SanDisk ( SNDK) is up $0.93 (1.9%) to $50.40 on average volume Thus far, 2.4 million shares of SanDisk exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $49.68-$51.10 after having opened the day at $49.68 as compared to the previous trading day's close of $49.47.

Sandisk Corporation designs, develops, and manufactures NAND flash memory storage solutions that are used in various consumer electronics products. SanDisk has a market cap of $11.9 billion and is part of the computer hardware industry. The company has a P/E ratio of 28.9, above the S&P 500 P/E ratio of 17.7. Shares are up 12.8% year to date as of the close of trading on Friday. Currently there are 17 analysts that rate SanDisk a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates SanDisk 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, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full SanDisk Ratings Report now.

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1. As of noon trading, Qualcomm ( QCOM) is up $1.14 (1.8%) to $66.08 on average volume Thus far, 5.3 million shares of Qualcomm exchanged hands as compared to its average daily volume of 12.2 million shares. The stock has ranged in price between $65.22-$67.45 after having opened the day at $65.39 as compared to the previous trading day's close of $64.94.

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 $111.4 billion and is part of the telecommunications industry. The company has a P/E ratio of 19.4, above the S&P 500 P/E ratio of 17.7. Shares are up 4.8% year to date as of the close of trading on Friday. Currently there are 29 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 4 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Qualcomm 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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