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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