5 Stocks Moving The Technology Sector Upward

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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 31 points (-0.2%) at 14,506 as of Friday, April 19, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,094 issues advancing vs. 778 declining with 149 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is up 0.7%. Top gainers within the sector include China Unicom (Hong Kong ( CHU), up 8.7%, Taiwan Semiconductor Manufacturing ( TSM), up 4.4%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), up 3.6%, China Telecom ( CHA), up 3.4% and Verizon Communications ( VZ), up 2.2%. On the negative front, top decliners within the sector include Wipro ( WIT), down 4.60, Hewlett-Packard ( HPQ), down 2.00 and America Movil S.A.B. de C.V ( AMOV), down 1.93.

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

5. Oracle Corporation ( ORCL) is one of the companies pushing the Technology sector higher today. As of noon trading, Oracle Corporation is up $0.23 (0.72) to $32.35 on average volume Thus far, 15.0 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 23.8 million shares. The stock has ranged in price between $31.67-$32.46 after having opened the day at $31.75 as compared to the previous trading day's close of $32.12.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $153.0 billion and is part of the computer software & services industry. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Oracle Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, 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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4. As of noon trading, AT&T ( T) is up $0.52 (1.38) to $38.26 on average volume Thus far, 11.3 million shares of AT&T exchanged hands as compared to its average daily volume of 25.8 million shares. The stock has ranged in price between $37.76-$38.27 after having opened the day at $37.86 as compared to the previous trading day's close of $37.74.

AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally. The company operates in three segments: Wireless, Wireline, and Other. AT&T has a market cap of $208.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 30.2, above the S&P 500 P/E ratio of 17.7. Shares are up 12.0% year to date as of the close of trading on Thursday.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth 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 AT&T Ratings Report now.

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3. As of noon trading, Microsoft Corporation ( MSFT) is up $0.87 (3.02) to $29.66 on heavy volume Thus far, 68.9 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 47.4 million shares. The stock has ranged in price between $29.62-$30.24 after having opened the day at $29.62 as compared to the previous trading day's close of $28.79.

Microsoft Corporation develops, licenses, and supports software products and services; and designs and sells hardware worldwide. Microsoft Corporation has a market cap of $241.4 billion and is part of the computer software & services industry. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are up 7.9% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Microsoft Corporation 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, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Microsoft Corporation Ratings Report now.

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2. As of noon trading, Google ( GOOG) is up $21.43 (2.80) to $787.34 on heavy volume Thus far, 3.2 million shares of Google exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $766.26-$789.00 after having opened the day at $769.16 as compared to the previous trading day's close of $765.91.

Google Inc., a technology company, builds products and provides services to organize the information and make it universally accessible and useful. Google has a market cap of $209.3 billion and is part of the internet industry. The company has a P/E ratio of 24.1, above the S&P 500 P/E ratio of 17.7. Shares are up 10.6% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Google 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, solid stock price performance, growth in earnings per share and increase in net income. 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 Google Ratings Report now.

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1. As of noon trading, Apple ( AAPL) is up $3.82 (0.97) to $395.87 on heavy volume Thus far, 14.0 million shares of Apple exchanged hands as compared to its average daily volume of 17.7 million shares. The stock has ranged in price between $385.10-$399.60 after having opened the day at $387.97 as compared to the previous trading day's close of $392.05.

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 $378.3 billion and is part of the computer hardware industry. The company has a P/E ratio of 9.1, below the S&P 500 P/E ratio of 17.7. Shares are down 24.3% year to date as of the close of trading on Thursday.

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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