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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