4 Technology Stocks On The Rise

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 8 points (0.1%) at 15,256 as of Monday, June 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,353 issues advancing vs. 1,578 declining with 107 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Nippon Telegraph & Telephone ( NTT), up 3.6%, NTT DoCoMo ( DCM), up 2.9%, Kyocera Corporation ( KYO), up 2.4%, Intel ( INTC), up 1.4% and Texas Instruments ( TXN), up 1.2%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI.A), down 4.76, Catamaran ( CTRX), down 4.00, Telecom Italia SpA ( TI), down 3.43, Cognizant Technology Solutions Corporation ( CTSH), down 2.42 and American Tower ( AMT), down 1.89.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector higher today:

4. Taiwan Semiconductor Manufacturing ( TSM) is one of the companies pushing the Technology sector higher today. As of noon trading, Taiwan Semiconductor Manufacturing is up $0.18 (0.99) to $18.88 on light volume Thus far, 3.7 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10.7 million shares. The stock has ranged in price between $18.64-$18.94 after having opened the day at $18.72 as compared to the previous trading day's close of $18.69.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $96.5 billion and is part of the electronics industry. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. Shares are up 8.9% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing 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, notable return on equity, solid stock price performance and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Taiwan Semiconductor Manufacturing Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, AT&T ( T) is up $0.56 (1.58) to $36.01 on average volume Thus far, 11.1 million shares of AT&T exchanged hands as compared to its average daily volume of 25.5 million shares. The stock has ranged in price between $35.69-$36.08 after having opened the day at $35.87 as compared to the previous trading day's close of $35.45.

AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally. The company operates in three segments: Wireless, Wireline, and Other. AT&T has a market cap of $192.7 billion and is part of the telecommunications industry. The company has a P/E ratio of 27.1, above the S&P 500 P/E ratio of 17.7. Shares are up 5.2% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate AT&T a buy, 2 analysts rate it a sell, and 21 rate it a hold.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, increase in net income and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full AT&T Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Google ( GOOG) is up $8.27 (0.94) to $888.00 on average volume Thus far, 1.4 million shares of Google exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $880.09-$890.20 after having opened the day at $882.10 as compared to the previous trading day's close of $879.73.

Google Inc., a technology company, builds products and provides services to organize the information and make it universally accessible and useful. Google has a market cap of $234.4 billion and is part of the internet industry. The company has a P/E ratio of 27.6, above the S&P 500 P/E ratio of 17.7. Shares are up 22.2% year to date as of the close of trading on Friday. Currently there are 23 analysts that rate Google a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Google 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, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Google Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Apple ( AAPL) is up $4.95 (1.12) to $446.76 on average volume Thus far, 6.1 million shares of Apple exchanged hands as compared to its average daily volume of 16.1 million shares. The stock has ranged in price between $443.10-$448.43 after having opened the day at $444.73 as compared to the previous trading day's close of $441.81.

Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. Apple has a market cap of $411.6 billion and is part of the consumer durables industry. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7. Shares are down 17.6% year to date as of the close of trading on Friday. Currently there are 29 analysts that rate Apple a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Apple 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, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Apple Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 4 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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