3 Technology Stocks Driving The 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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 5 points (0.0%) at 15,100 as of Thursday, May 9, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,176 issues advancing vs. 1,742 declining with 136 unchanged.

The Technology sector currently sits down 0.43 versus the S&P 500, which is down 0.21. Top gainers within the sector include Research in Motion ( RIMM), up 3.0%, Research in Motion ( BBRY), up 3.0%, Micron Technology ( MU), up 2.9%, Telecom Italia SpA ( TI), up 3.1% and Xerox Corporation ( XRX), up 2.1%. On the negative front, top decliners within the sector include Rackspace Hosting ( RAX), down 26.26, SS&C Technologies Holdings ( SSNC), down 9.33, Activision Blizzard ( ATVI), down 7.48, Konami Corporation ( KNM), down 6.88 and Adobe Systems ( ADBE), down 3.41.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector higher today:

3. Groupon ( GRPN) is one of the companies pushing the Technology sector higher today. As of noon trading, Groupon is up $0.50 (8.94) to $6.09 on heavy volume Thus far, 43.8 million shares of Groupon exchanged hands as compared to its average daily volume of 17.9 million shares. The stock has ranged in price between $6.06-$6.48 after having opened the day at $6.37 as compared to the previous trading day's close of $5.59.

Groupon, Inc. operates as a local commerce marketplace that connects merchants to consumers by offering goods and services at a discount in North America and internationally. The company also offers deals on products for which it acts as the merchant of record. Groupon has a market cap of $3.6 billion and is part of the internet industry. Shares are up 10.9% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Groupon a buy, 6 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Groupon as a hold. 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 and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Groupon Ratings Report now.

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