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 104 points (0.8%) at 14,004 as of Wednesday, Feb. 27, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 2,181 issues advancing vs. 685 declining with 127 unchanged.

The Technology sector currently sits up 0.5% versus the S&P 500, which is up 0.8%. Top gainers within the sector include Guidewire Software ( GWRE), up 18.9%, LinkedIn ( LNKD), up 6.3%, Nokia Oyj ( NOK), up 5.1%, P.T. Telekomunikasi Indonesia Tbk ( TLK), up 4.3% and Telefonica ( TEF), up 3.1%. On the negative front, top decliners within the sector include Kyocera Corporation ( KYO), down 1.8%, Hewlett-Packard ( HPQ), down 0.6% and NTT DoCoMo ( DCM), down 0.6%.

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

5. Cisco Systems ( CSCO) is one of the companies pushing the Technology sector higher today. As of noon trading, Cisco Systems is up $0.25 (1.2%) to $20.86 on light volume Thus far, 7.5 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 37.7 million shares. The stock has ranged in price between $20.44-$20.87 after having opened the day at $20.60 as compared to the previous trading day's close of $20.61.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. Cisco Systems has a market cap of $110.2 billion and is part of the computer hardware industry. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7. Shares are up 5.1% year to date as of the close of trading on Tuesday. Currently there are 21 analysts that rate Cisco Systems a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. 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 Cisco Systems Ratings Report now.

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4. As of noon trading, AT&T ( T) is up $0.21 (0.6%) to $35.70 on light volume Thus far, 8.3 million shares of AT&T exchanged hands as compared to its average daily volume of 25.6 million shares. The stock has ranged in price between $35.46-$35.79 after having opened the day at $35.55 as compared to the previous trading day's close of $35.49.

AT&T Inc., together with its subsidiaries, provides telecommunications services to consumers, businesses, and other providers worldwide. AT&T has a market cap of $193.2 billion and is part of the telecommunications industry. The company has a P/E ratio of 28.2, above the S&P 500 P/E ratio of 17.7. Shares are up 5.3% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate AT&T a buy, 2 analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates AT&T 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, revenue growth and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full AT&T Ratings Report now.

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3. As of noon trading, Intel ( INTC) is up $0.34 (1.6%) to $20.92 on light volume Thus far, 16.9 million shares of Intel exchanged hands as compared to its average daily volume of 45.2 million shares. The stock has ranged in price between $20.51-$20.92 after having opened the day at $20.60 as compared to the previous trading day's close of $20.58.

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 $100.1 billion and is part of the electronics industry. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are down 1.9% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Intel a buy, 5 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 somewhat weak growth in earnings per share. Get the full Intel Ratings Report now.

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2. As of noon trading, Microsoft Corporation ( MSFT) is up $0.43 (1.6%) to $27.80 on light volume Thus far, 14.1 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 48.2 million shares. The stock has ranged in price between $27.33-$27.81 after having opened the day at $27.42 as compared to the previous trading day's close of $27.37.

Microsoft Corporation develops, licenses, and supports software products and services; and designs and sells hardware worldwide. Microsoft Corporation has a market cap of $229.3 billion and is part of the computer software & services industry. The company has a P/E ratio of 15.0, 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 Tuesday. Currently there are 17 analysts that rate Microsoft Corporation a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Microsoft Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 lackluster performance in the stock itself. Get the full Microsoft Corporation Ratings Report now.

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1. As of noon trading, Google ( GOOG) is up $9.33 (1.2%) to $799.46 on average volume Thus far, 1.0 million shares of Google exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $791.11-$799.98 after having opened the day at $794.80 as compared to the previous trading day's close of $790.13.

Google Inc., a technology company, builds products and provides services to organize the information and make it universally accessible and useful. Google has a market cap of $211.5 billion and is part of the internet industry. The company has a P/E ratio of 24.4, above the S&P 500 P/E ratio of 17.7. Shares are up 11.8% year to date as of the close of trading on Tuesday. Currently there are 22 analysts that rate Google a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Google 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, solid stock price performance, growth in earnings per share and increase in net income. 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 Google 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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