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 10 points (0.1%) at 14,085 as of Thursday, Feb. 28, 2013, 12:04 PM ET. The NYSE advances/declines ratio sits at 1,607 issues advancing vs. 1,243 declining with 160 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the sector include P.T. Telekomunikasi Indonesia Tbk ( TLK), up 5.3%, Research in Motion ( BBRY), up 2.3%, Research in Motion ( RIMM), up 2.2%, Rackspace Hosting ( RAX), up 1.9% and China Unicom (Hong Kong ( CHU), up 1.5%. On the negative front, top decliners within the sector include CGG ( CGG), down 8.9%, Telecom Argentina ( TEO), down 7.4%, Catamaran ( CTRX), down 5.4%, Nokia Oyj ( NOK), down 3.0% and LG.Display Company ( LPL), down 2.4%.

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 $0.11 (0.9%) to $11.92 on light volume Thus far, 416,120 shares of VimpelCom exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $11.77-$11.96 after having opened the day at $11.85 as compared to the previous trading day's close of $11.81.

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 $18.8 billion and is part of the telecommunications industry. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are up 12.6% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate 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 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, Universal Display Corporation ( PANL) is up $3.24 (11.6%) to $31.14 on heavy volume Thus far, 1.5 million shares of Universal Display Corporation exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $29.67-$31.65 after having opened the day at $30.48 as compared to the previous trading day's close of $27.90.

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel display, solid-state lighting, and other product applications. Universal Display Corporation has a market cap of $1.3 billion and is part of the computer hardware industry. The company has a P/E ratio of 129.1, above the S&P 500 P/E ratio of 17.7. Shares are up 10.9% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Universal Display Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Universal Display Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and premium valuation. Get the full Universal Display Corporation Ratings Report now.

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3. As of noon trading, CenturyLink ( CTL) is up $0.33 (1.0%) to $34.84 on light volume Thus far, 2.7 million shares of CenturyLink exchanged hands as compared to its average daily volume of 7.4 million shares. The stock has ranged in price between $34.47-$34.91 after having opened the day at $34.48 as compared to the previous trading day's close of $34.51.

CenturyLink, Inc. operates as an integrated telecommunications company in the United States. The company provides local and long-distance, network access, private line, public access, broadband, data, managed hosting, colocation, wireless, and video services to consumers and businesses. CenturyLink has a market cap of $21.3 billion and is part of the telecommunications industry. The company has a P/E ratio of 22.5, above the S&P 500 P/E ratio of 17.7. Shares are down 11.8% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate CenturyLink a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates CenturyLink as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full CenturyLink Ratings Report now.

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2. As of noon trading, Baidu ( BIDU) is up $1.17 (1.3%) to $90.52 on light volume Thus far, 1.5 million shares of Baidu exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $89.38-$91.60 after having opened the day at $89.85 as compared to the previous trading day's close of $89.35.

Baidu, Inc. provides Internet search services. The company offers a Chinese language search platform on its Website, Baidu.com; and a Japanese language search platform on its Website, Baidu.jp. Baidu has a market cap of $31.4 billion and is part of the internet industry. The company has a P/E ratio of 3.0, below the S&P 500 P/E ratio of 17.7. Shares are down 10.5% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Baidu a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Baidu Ratings Report now.

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1. As of noon trading, Yahoo ( YHOO) is up $0.33 (1.6%) to $21.49 on average volume Thus far, 8.0 million shares of Yahoo exchanged hands as compared to its average daily volume of 20.7 million shares. The stock has ranged in price between $21.05-$21.54 after having opened the day at $21.06 as compared to the previous trading day's close of $21.16.

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 $24.6 billion and is part of the internet industry. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. Shares are up 6.3% year to date as of the close of trading on Wednesday. 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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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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