5 Technology Stocks On The Rise

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 52 points (-0.4%) at 14,567 as of Thursday, April 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,288 issues advancing vs. 1,600 declining with 135 unchanged.

The Technology sector currently sits down 0.31 versus the S&P 500, which is down 0.48. Top gainers within the sector include ASML ( ASML), up 2.8%, China Telecom ( CHA), up 1.9% and Sap AG ADR ( SAP), up 1.4%. On the negative front, top decliners within the sector include Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 3.04, Baidu ( BIDU), down 2.21, Google ( GOOG), down 1.96, Nippon Telegraph & Telephone ( NTT), down 1.50 and LM Ericsson Telephone Company ( ERIC), down 1.35.

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

5. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Technology sector higher today. As of noon trading, China Unicom (Hong Kong is up $0.23 (1.88) to $12.44 on light volume Thus far, 224,635 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 695,600 shares. The stock has ranged in price between $12.29-$12.45 after having opened the day at $12.34 as compared to the previous trading day's close of $12.21.

China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of GSM and WCDMA cellular, and related telecommunications services primarily in the People's Republic of China. China Unicom (Hong Kong has a market cap of $29.8 billion and is part of the telecommunications industry. The company has a P/E ratio of 45.2, above the S&P 500 P/E ratio of 17.7. Shares are down 25.0% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full China Unicom (Hong Kong Ratings Report now.

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4. As of noon trading, VimpelCom ( VIP) is up $0.24 (2.05) to $12.22 on heavy volume Thus far, 1.9 million shares of VimpelCom exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $11.94-$12.27 after having opened the day at $12.27 as compared to the previous trading day's close of $11.98.

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 $19.8 billion and is part of the telecommunications industry. The company has a P/E ratio of 9.2, below the S&P 500 P/E ratio of 17.7. Shares are up 14.2% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates VimpelCom as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and revenue growth. 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 VimpelCom Ratings Report now.

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3. As of noon trading, Taiwan Semiconductor Manufacturing ( TSM) is up $1.07 (6.26) to $18.15 on heavy volume Thus far, 15.1 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 $18.05-$18.33 after having opened the day at $18.14 as compared to the previous trading day's close of $17.08.

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 $89.4 billion and is part of the electronics industry. The company has a P/E ratio of 16.4, below 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 Wednesday.

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, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. 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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2. As of noon trading, Verizon Communications ( VZ) is up $1.78 (3.60) to $51.32 on heavy volume Thus far, 11.1 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 14.0 million shares. The stock has ranged in price between $50.77-$51.67 after having opened the day at $51.05 as compared to the previous trading day's close of $49.54.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $146.3 billion and is part of the telecommunications industry. The company has a P/E ratio of 162.8, above the S&P 500 P/E ratio of 17.7. Shares are up 14.5% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Verizon Communications as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full Verizon Communications Ratings Report now.

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1. As of noon trading, Intel ( INTC) is up $0.27 (1.25) to $22.20 on heavy volume Thus far, 38.6 million shares of Intel exchanged hands as compared to its average daily volume of 42.6 million shares. The stock has ranged in price between $21.90-$22.40 after having opened the day at $22.05 as compared to the previous trading day's close of $21.93.

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 $108.5 billion and is part of the electronics industry. The company has a P/E ratio of 11.0, below 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.

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.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

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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