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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 32 points (0.2%) at 14,286 as of Wednesday, March 6, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,509 issues advancing vs. 1,334 declining with 158 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is up 0.1%. Top gainers within the sector include TIBCO Software ( TIBX), up 9.6%, TripAdvisor ( TRIP), up 5.6%, VimpelCom ( VIP), up 4.0%, Hewlett-Packard ( HPQ), up 3.1% and Tim Holding Company ( TSU), up 3.2%. On the negative front, top decliners within the sector include Ericsson Telephone Company ( ERIC), down 1.7%, BT Group ( BT), down 1.2%, Verizon Communications ( VZ), down 0.6%, Taiwan Semiconductor Manufacturing ( TSM), down 0.7% and Telefonica ( TEF), down 0.6%.

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

5. Research in Motion ( RIMM) is one of the companies pushing the Technology sector higher today. As of noon trading, Research in Motion is up $0.54 (4.3%) to $13.12 on average volume Thus far, 25.8 million shares of Research in Motion exchanged hands as compared to its average daily volume of 54.8 million shares. The stock has ranged in price between $12.56-$13.40 after having opened the day at $12.66 as compared to the previous trading day's close of $12.58.

Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. Research in Motion has a market cap of $6.8 billion and is part of the telecommunications industry. Shares are up 9.4% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Research in Motion a buy, 15 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and poor profit margins. Get the full Research in Motion Ratings Report now.

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4. As of noon trading, Oracle Corporation ( ORCL) is up $0.38 (1.1%) to $35.84 on light volume Thus far, 7.3 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 20.6 million shares. The stock has ranged in price between $35.48-$35.93 after having opened the day at $35.50 as compared to the previous trading day's close of $35.46.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $165.9 billion and is part of the computer software & services industry. The company has a P/E ratio of 16.5, below the S&P 500 P/E ratio of 17.7. Shares are up 5.2% year to date as of the close of trading on Tuesday. Currently there are 23 analysts that rate Oracle Corporation a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Oracle Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Oracle Corporation Ratings Report now.

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3. As of noon trading, Cisco Systems ( CSCO) is up $0.28 (1.3%) to $21.50 on average volume Thus far, 17.3 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 36.8 million shares. The stock has ranged in price between $21.24-$21.62 after having opened the day at $21.30 as compared to the previous trading day's close of $21.22.

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 $110.6 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 5.6% year to date as of the close of trading on Tuesday. Currently there are 19 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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2. As of noon trading, Research in Motion ( BBRY) is up $0.55 (4.4%) to $13.13 on average volume Thus far, 25.8 million shares of Research in Motion exchanged hands as compared to its average daily volume of 64.4 million shares. The stock has ranged in price between $12.56-$13.40 after having opened the day at $12.66 as compared to the previous trading day's close of $12.58.

Research In Motion Limited designs, manufactures, and markets wireless solutions worldwide. Research in Motion has a market cap of $6.7 billion and is part of the telecommunications industry. Shares are up 7.9% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Research in Motion a buy, 15 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. Get the full Research in Motion Ratings Report now.

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1. As of noon trading, Intel ( INTC) is up $0.14 (0.6%) to $21.65 on light volume Thus far, 16.6 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 $21.51-$21.78 after having opened the day at $21.53 as compared to the previous trading day's close of $21.51.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $105.2 billion and is part of the electronics industry. The company has a P/E ratio of 10.0, below the S&P 500 P/E ratio of 17.7. Shares are up 3.2% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Intel a buy, 4 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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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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