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 60 points (0.4%) at 15,029 as of Tuesday, May 7, 2013, 12:54 PM ET. The NYSE advances/declines ratio sits at 1,907 issues advancing vs. 994 declining with 159 unchanged.

The Technology sector currently sits down 0.17 versus the S&P 500, which is up 0.3%. Top gainers within the sector include Alcatel-Lucent ( ALU), up 9.2%, SK Telecom ( SKM), up 4.2%, Nippon Telegraph & Telephone ( NTT), up 4.0%, Baidu ( BIDU), up 2.1% and LinkedIn ( LNKD), up 2.0%. On the negative front, top decliners within the sector include First Solar ( FSLR), down 9.16, Emerson Electric ( EMR), down 1.61, Microsoft Corporation ( MSFT), down 1.19, Taiwan Semiconductor Manufacturing ( TSM), down 0.43 and America Movil S.A.B. de C.V ( AMX), down 0.49.

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

5. BCE ( BCE) is one of the companies pushing the Technology sector higher today. As of noon trading, BCE is up $0.55 (1.17) to $47.59 on average volume Thus far, 305,556 shares of BCE exchanged hands as compared to its average daily volume of 790,200 shares. The stock has ranged in price between $47.13-$47.63 after having opened the day at $47.21 as compared to the previous trading day's close of $47.04.

BCE Inc. provides communications solutions to residential, business, and wholesale customers primarily in Canada. BCE has a market cap of $36.6 billion and is part of the telecommunications industry. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7. Shares are up 9.5% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate BCE a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates BCE 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, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full BCE Ratings Report now.

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4. As of noon trading, Infosys ( INFY) is up $0.49 (1.13) to $43.69 on light volume Thus far, 790,894 shares of Infosys exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $43.07-$43.84 after having opened the day at $43.20 as compared to the previous trading day's close of $43.20.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $24.8 billion and is part of the computer software & services industry. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7. Shares are up 2.1% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Infosys a buy, 3 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Infosys 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 reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins, a generally disappointing performance in the stock itself and unimpressive growth in net income. Get the full Infosys Ratings Report now.

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3. As of noon trading, Sap AG ADR ( SAP) is up $0.60 (0.74) to $81.74 on light volume Thus far, 396,566 shares of Sap AG ADR exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $81.56-$82.32 after having opened the day at $82.26 as compared to the previous trading day's close of $81.14.

SAP AG provides enterprise application software and software-related services worldwide. It offers products in applications, analytics, cloud, mobile, and database and technology categories. Sap AG ADR has a market cap of $97.1 billion and is part of the computer software & services industry. The company has a P/E ratio of 21.7, above the S&P 500 P/E ratio of 17.7. Shares are up 0.9% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Sap AG ADR a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Sap AG ADR as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, 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 Sap AG ADR Ratings Report now.

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2. As of noon trading, Nokia Oyj ( NOK) is up $0.12 (3.53) to $3.52 on average volume Thus far, 27.2 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 40.8 million shares. The stock has ranged in price between $3.50-$3.59 after having opened the day at $3.55 as compared to the previous trading day's close of $3.40.

Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. Nokia Oyj has a market cap of $12.4 billion and is part of the telecommunications industry. Shares are down 13.9% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Nokia Oyj a buy, 7 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full Nokia Oyj Ratings Report now.

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1. As of noon trading, Yahoo ( YHOO) is up $0.82 (3.26) to $25.99 on heavy volume Thus far, 18.0 million shares of Yahoo exchanged hands as compared to its average daily volume of 17.8 million shares. The stock has ranged in price between $25.55-$26.79 after having opened the day at $26.01 as compared to the previous trading day's close of $25.17.

Yahoo! Inc., a technology company, provides search, content, and communication tools on the Web and on mobile devices worldwide. Yahoo has a market cap of $27.2 billion and is part of the internet industry. The company has a P/E ratio of 7.4, below the S&P 500 P/E ratio of 17.7. Shares are up 26.0% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Yahoo a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Yahoo 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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