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 47 points (0.3%) at 15,382 as of Tuesday, May 21, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,570 issues advancing vs. 1,367 declining with 136 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Konami Corporation ( KNM), up 9.6%, Rogers Communications ( RCI), up 3.0%, Activision Blizzard ( ATVI), up 2.9%, Kyocera Corporation ( KYO), up 2.8% and STMicroelectronics ( STM), up 2.6%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMOV), down 2.03, Intuit ( INTU), down 1.89, China Telecom ( CHA), down 1.62, America Movil S.A.B. de C.V ( AMX), down 1.40 and Nippon Telegraph & Telephone ( NTT), down 1.30.

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

5. Sprint Nextel ( S) is one of the companies pushing the Technology sector higher today. As of noon trading, Sprint Nextel is up $0.08 (1.17) to $7.38 on average volume Thus far, 22.8 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 49.0 million shares. The stock has ranged in price between $7.34-$7.40 after having opened the day at $7.39 as compared to the previous trading day's close of $7.29.

Sprint Nextel Corporation, through its subsidiaries, offers a range of wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. Sprint Nextel has a market cap of $22.1 billion and is part of the telecommunications industry. Shares are up 28.6% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Sprint Nextel a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Sprint Nextel as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk. Get the full Sprint Nextel Ratings Report now.

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4. As of noon trading, LinkedIn ( LNKD) is up $1.51 (0.83) to $183.82 on average volume Thus far, 1.1 million shares of LinkedIn exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $183.00-$187.30 after having opened the day at $183.36 as compared to the previous trading day's close of $182.31.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $16.7 billion and is part of the internet industry. The company has a P/E ratio of 521.0, above the S&P 500 P/E ratio of 17.7. Shares are up 58.8% year to date as of the close of trading on Monday. Currently there are 15 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates LinkedIn as a sell. The area that we feel has been the company's primary weakness has been its disappointing return on equity. Get the full LinkedIn Ratings Report now.

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3. As of noon trading, Yahoo ( YHOO) is up $0.42 (1.58) to $27.00 on average volume Thus far, 9.3 million shares of Yahoo exchanged hands as compared to its average daily volume of 17.5 million shares. The stock has ranged in price between $26.72-$27.13 after having opened the day at $26.90 as compared to the previous trading day's close of $26.58.

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 $28.7 billion and is part of the internet industry. The company has a P/E ratio of 7.8, below the S&P 500 P/E ratio of 17.7. Shares are up 33.3% 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.

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2. As of noon trading, Oracle Corporation ( ORCL) is up $0.35 (1.00) to $35.25 on light volume Thus far, 9.3 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 25.4 million shares. The stock has ranged in price between $34.90-$35.32 after having opened the day at $34.90 as compared to the previous trading day's close of $34.90.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $165.0 billion and is part of the computer software & services industry. The company has a P/E ratio of 16.4, below the S&P 500 P/E ratio of 17.7. Shares are up 5.1% year to date as of the close of trading on Monday. Currently there are 22 analysts that rate Oracle Corporation a buy, 1 analyst rates it a sell, and 10 rate it a hold.

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, notable return on equity, reasonable valuation levels and expanding profit margins. 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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1. As of noon trading, Intel ( INTC) is up $0.10 (0.41) to $24.18 on average volume Thus far, 23.3 million shares of Intel exchanged hands as compared to its average daily volume of 44.2 million shares. The stock has ranged in price between $24.00-$24.25 after having opened the day at $24.10 as compared to the previous trading day's close of $24.08.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $119.5 billion and is part of the electronics industry. The company has a P/E ratio of 12.0, below the S&P 500 P/E ratio of 17.7. Shares are up 16.6% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Intel a buy, 4 analysts rate it a sell, and 22 rate it a hold.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Intel 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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