5 Technology Stocks Pushing Sector Growth

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 46 points (-0.3%) at 14,513 as of Wednesday, March 27, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,149 issues advancing vs. 1,749 declining with 144 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Intel ( INTC), up 0.9%, and America Movil S.A.B. de C.V ( AMOV), up 0.8%. On the negative front, top decliners within the sector include Siemens ( SI), down 1.8%, Telefonica ( TEF), down 1.8%, BT Group ( BT), down 1.3%, China Telecom ( CHA), down 0.9% and NTT DoCoMo ( DCM), down 0.8%.

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

5. P.T. Telekomunikasi Indonesia Tbk ( TLK) is one of the companies pushing the Technology sector higher today. As of noon trading, P.T. Telekomunikasi Indonesia Tbk is up $0.72 (1.6%) to $44.77 on average volume Thus far, 103,372 shares of P.T. Telekomunikasi Indonesia Tbk exchanged hands as compared to its average daily volume of 228,800 shares. The stock has ranged in price between $44.03-$44.82 after having opened the day at $44.03 as compared to the previous trading day's close of $44.05.

PT Telekomunikasi Indonesia Tbk and its subsidiaries provide telecommunication and network services worldwide. P.T. Telekomunikasi Indonesia Tbk has a market cap of $22.1 billion and is part of the telecommunications industry. The company has a P/E ratio of 16.4, below the S&P 500 P/E ratio of 17.7. Shares are up 19.2% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate P.T. Telekomunikasi Indonesia Tbk a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates P.T. Telekomunikasi Indonesia Tbk as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, 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 sub par growth in net income. Get the full P.T. Telekomunikasi Indonesia Tbk Ratings Report now.

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4. As of noon trading, Taiwan Semiconductor Manufacturing ( TSM) is up $0.10 (0.6%) to $17.17 on average volume Thus far, 6.9 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 9.6 million shares. The stock has ranged in price between $16.97-$17.18 after having opened the day at $17.01 as compared to the previous trading day's close of $17.07.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $87.9 billion and is part of the electronics industry. The company has a P/E ratio of 19.7, above the S&P 500 P/E ratio of 17.7. Shares are down 0.5% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Taiwan Semiconductor Manufacturing Ratings Report now.

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3. As of noon trading, Baidu ( BIDU) is up $1.60 (1.9%) to $87.67 on average volume Thus far, 2.0 million shares of Baidu exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $85.42-$88.05 after having opened the day at $85.55 as compared to the previous trading day's close of $86.07.

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 $29.8 billion and is part of the internet industry. The company has a P/E ratio of 2.9, below the S&P 500 P/E ratio of 17.7. Shares are down 14.2% year to date as of the close of trading on Tuesday. Currently there are 7 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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2. As of noon trading, EMC Corporation ( EMC) is up $0.20 (0.8%) to $23.95 on light volume Thus far, 9.3 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 25.5 million shares. The stock has ranged in price between $23.65-$24.08 after having opened the day at $23.66 as compared to the previous trading day's close of $23.75.

EMC Corporation, together with its subsidiaries, develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. EMC Corporation has a market cap of $49.9 billion and is part of the computer hardware industry. The company has a P/E ratio of 19.3, above the S&P 500 P/E ratio of 17.7. Shares are down 6.1% year to date as of the close of trading on Tuesday. Currently there are 22 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates EMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, growth in earnings per share, 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 EMC Corporation Ratings Report now.

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1. As of noon trading, Oracle Corporation ( ORCL) is up $0.36 (1.2%) to $31.90 on heavy volume Thus far, 19.2 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 22.9 million shares. The stock has ranged in price between $31.29-$32.10 after having opened the day at $31.41 as compared to the previous trading day's close of $31.54.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $147.2 billion and is part of the computer software & services industry. The company has a P/E ratio of 14.6, below the S&P 500 P/E ratio of 17.7. Shares are down 5.4% year to date as of the close of trading on Tuesday. Currently there are 23 analysts that rate Oracle Corporation a buy, 1 analyst rates it a sell, and 12 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 increase in stock price during the past year, growth in earnings per share, increase in net income, notable return on equity and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Oracle Corporation 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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