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 42 points (0.3%) at 14,338 as of Thursday, March 7, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,674 issues advancing vs. 1,197 declining with 153 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Ciena Corporation ( CIEN), up 15.3%, Level 3 Communications ( LVLT), up 7.5%, JDS Uniphase Corp (CA ( JDSU), up 6.5%, Telecom Italia SpA ADR ( TI.A), up 4.3% and Telecom Italia SpA ( TI), up 3.4%. On the negative front, top decliners within the sector include Nippon Telegraph & Telephone ( NTT), down 1.8%, CenturyLink ( CTL), down 1.7%, P.T. Telekomunikasi Indonesia Tbk ( TLK), down 1.3%, Rogers Communications ( RCI), down 1.4% and ASML ( ASML), down 1.1%.

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

5. TripAdvisor ( TRIP) is one of the companies pushing the Technology sector higher today. As of noon trading, TripAdvisor is up $2.23 (4.6%) to $50.86 on average volume Thus far, 1.2 million shares of TripAdvisor exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $48.10-$51.00 after having opened the day at $48.59 as compared to the previous trading day's close of $48.63.

TripAdvisor, Inc., an online travel company, provides trip advisory services. TripAdvisor has a market cap of $6.2 billion and is part of the internet industry. The company has a P/E ratio of 34.8, above the S&P 500 P/E ratio of 17.7. Shares are up 13.7% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate TripAdvisor a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates TripAdvisor as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full TripAdvisor Ratings Report now.

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4. As of noon trading, Automatic Data Processing ( ADP) is up $0.71 (1.1%) to $63.01 on average volume Thus far, 949,798 shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $62.30-$63.09 after having opened the day at $62.48 as compared to the previous trading day's close of $62.30.

Automatic Data Processing, Inc. and its subsidiaries provide business outsourcing solutions. The company operates in three segments: Employer Services, Professional Employer Organization (PEO) Services, and Dealer Services. Automatic Data Processing has a market cap of $30.4 billion and is part of the computer software & services industry. The company has a P/E ratio of 22.5, above the S&P 500 P/E ratio of 17.7. Shares are up 10.1% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Automatic Data Processing a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Automatic Data Processing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Automatic Data Processing Ratings Report now.

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3. As of noon trading, Juniper Networks ( JNPR) is up $0.73 (3.6%) to $20.85 on average volume Thus far, 3.1 million shares of Juniper Networks exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $20.67-$21.20 after having opened the day at $20.81 as compared to the previous trading day's close of $20.12.

Juniper Networks, Inc. designs, develops, and sells products and services that provide network infrastructure for networking requirements of service providers, enterprises, governments, and research and public sector organizations worldwide. Juniper Networks has a market cap of $10.2 billion and is part of the computer hardware industry. The company has a P/E ratio of 57.1, above the S&P 500 P/E ratio of 17.7. Shares are up 2.3% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Juniper Networks a buy, no analysts rate it a sell, and 18 rate it a hold.

TheStreet Ratings rates Juniper Networks as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Juniper Networks Ratings Report now.

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2. As of noon trading, Activision Blizzard ( ATVI) is up $0.28 (1.9%) to $14.93 on light volume Thus far, 2.5 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of 9.3 million shares. The stock has ranged in price between $14.59-$14.94 after having opened the day at $14.64 as compared to the previous trading day's close of $14.65.

Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment worldwide. It develops and publishes PC-based computer games and maintains its proprietary online-game related service, Battle.net. Activision Blizzard has a market cap of $16.2 billion and is part of the computer software & services industry. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7. Shares are up 37.2% year to date as of the close of trading on Wednesday. Currently there are 17 analysts that rate Activision Blizzard a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Activision Blizzard 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, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Activision Blizzard Ratings Report now.

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1. As of noon trading, Apple ( AAPL) is up $4.37 (1.0%) to $430.03 on average volume Thus far, 7.8 million shares of Apple exchanged hands as compared to its average daily volume of 20.0 million shares. The stock has ranged in price between $421.06-$430.61 after having opened the day at $424.50 as compared to the previous trading day's close of $425.66.

Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. Apple has a market cap of $404.9 billion and is part of the computer hardware industry. The company has a P/E ratio of 9.8, below the S&P 500 P/E ratio of 17.7. Shares are down 19.0% year to date as of the close of trading on Wednesday. Currently there are 33 analysts that rate Apple a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Apple 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, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Apple 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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