5 Stocks Improving Performance Of The Technology Sector

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 54 points (0.4%) at 15,287 as of Friday, May 17, 2013, 12:54 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 899 declining with 140 unchanged.

The Technology sector currently sits up 1.0% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Viasat ( VSAT), up 15.8%, Mercadolibre ( MELI), up 4.5%, Sensata Technologies Holding N.V ( ST), up 3.8%, Micron Technology ( MU), up 2.7% and Emerson Electric ( EMR), up 2.5%. On the negative front, top decliners within the sector include Catamaran ( CTRX), down 4.10, LM Ericsson Telephone Company ( ERIC), down 1.40, BT Group ( BT), down 1.08, America Movil S.A.B. de C.V ( AMOV), down 0.69 and Nippon Telegraph & Telephone ( NTT), down 0.61.

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

5. Western Digital Corporation ( WDC) is one of the companies pushing the Technology sector higher today. As of noon trading, Western Digital Corporation is up $0.88 (1.49) to $59.93 on average volume Thus far, 1.3 million shares of Western Digital Corporation exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $59.13-$60.10 after having opened the day at $59.43 as compared to the previous trading day's close of $59.05.

Western Digital Corporation, through its subsidiaries, engages in the development, manufacture, and sale of storage products and solutions that enable people to create, manage, experience and preserve digital content. Western Digital Corporation has a market cap of $14.1 billion and is part of the computer hardware industry. The company has a P/E ratio of 7.5, below the S&P 500 P/E ratio of 17.7. Shares are up 39.0% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Western Digital Corporation a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Western Digital Corporation 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, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Western Digital Corporation Ratings Report now.

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4. As of noon trading, Accenture ( ACN) is up $0.92 (1.14) to $81.53 on average volume Thus far, 1.1 million shares of Accenture exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $80.50-$81.59 after having opened the day at $80.73 as compared to the previous trading day's close of $80.61.

Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. Accenture has a market cap of $52.5 billion and is part of the computer software & services industry. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7. Shares are up 21.2% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate Accenture a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Accenture 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Accenture Ratings Report now.

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3. As of noon trading, Cisco Systems ( CSCO) is up $0.19 (0.81) to $24.08 on heavy volume Thus far, 50.8 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 35.7 million shares. The stock has ranged in price between $23.70-$24.24 after having opened the day at $23.85 as compared to the previous trading day's close of $23.89.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. Cisco Systems has a market cap of $113.1 billion and is part of the computer hardware industry. The company has a P/E ratio of 13.2, 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. Currently there are 23 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Cisco Systems Ratings Report now.

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2. As of noon trading, International Business Machines ( IBM) is up $2.45 (1.20) to $207.14 on average volume Thus far, 2.4 million shares of International Business Machines exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $204.99-$207.23 after having opened the day at $205.25 as compared to the previous trading day's close of $204.69.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. International Business Machines has a market cap of $225.4 billion and is part of the computer hardware industry. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are up 6.9% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share 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 International Business Machines Ratings Report now.

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1. As of noon trading, Microsoft Corporation ( MSFT) is up $0.28 (0.81) to $34.36 on average volume Thus far, 25.0 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 51.6 million shares. The stock has ranged in price between $34.10-$34.39 after having opened the day at $34.13 as compared to the previous trading day's close of $34.08.

Microsoft Corporation develops, licenses, and supports software products and services; and designs and sells hardware worldwide. Microsoft Corporation has a market cap of $282.6 billion and is part of the computer software & services industry. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are up 26.7% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate Microsoft Corporation a buy, no analysts rate it a sell, and 14 rate it a hold.

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 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 Microsoft Corporation 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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