5 Stocks Raising 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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 81 points (0.5%) at 15,076 as of Thursday, June 13, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,136 issues advancing vs. 827 declining with 99 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 0.6%. Top gainers within the sector include TELUS ( TU), up 3.8%, Tim Holding Company ( TSU), up 2.8%, Altera ( ALTR), up 2.8%, Rogers Communications ( RCI), up 2.4% and Activision Blizzard ( ATVI), up 1.8%. On the negative front, top decliners within the sector include Nippon Telegraph & Telephone ( NTT), down 1.43, Microsoft Corporation ( MSFT), down 0.88, Siemens ( SI), down 0.73, Taiwan Semiconductor Manufacturing ( TSM), down 0.60 and Telefonica ( TEF), down 0.45.

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

5. Research in Motion ( BBRY) is one of the companies pushing the Technology sector higher today. As of noon trading, Research in Motion is up $0.76 (5.60) to $14.32 on average volume Thus far, 22.1 million shares of Research in Motion exchanged hands as compared to its average daily volume of 32.3 million shares. The stock has ranged in price between $13.83-$14.44 after having opened the day at $13.94 as compared to the previous trading day's close of $13.56.

Research In Motion Limited, doing business as BlackBerry, engages in the design, manufacture, and marketing of wireless solutions worldwide. Research in Motion has a market cap of $7.2 billion and is part of the telecommunications industry. Shares are up 15.1% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Research in Motion a buy, 13 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow. Get the full Research in Motion 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.

4. As of noon trading, Yahoo ( YHOO) is up $0.28 (1.08) to $26.17 on light volume Thus far, 5.6 million shares of Yahoo exchanged hands as compared to its average daily volume of 17.2 million shares. The stock has ranged in price between $25.71-$26.19 after having opened the day at $25.79 as compared to the previous trading day's close of $25.89.

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 $28.6 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 30.1% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Yahoo a buy, 1 analyst rates it a sell, and 13 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.

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, Verizon Communications ( VZ) is up $0.29 (0.58) to $50.19 on light volume Thus far, 3.1 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.0 million shares. The stock has ranged in price between $49.80-$50.49 after having opened the day at $49.89 as compared to the previous trading day's close of $49.90.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $148.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 125.5, above the S&P 500 P/E ratio of 17.7. Shares are up 15.3% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and increase in stock price during the past year. 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 Verizon Communications 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, International Business Machines ( IBM) is up $1.18 (0.59) to $202.38 on light volume Thus far, 1.4 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 $200.34-$202.49 after having opened the day at $201.01 as compared to the previous trading day's close of $201.20.

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 $226.2 billion and is part of the computer software & services 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 5.0% year to date as of the close of trading on Wednesday. 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, expanding profit margins and increase in stock price during the past year. 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.

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, Cisco Systems ( CSCO) is up $0.20 (0.81) to $24.18 on light volume Thus far, 10.9 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 40.9 million shares. The stock has ranged in price between $23.88-$24.22 after having opened the day at $23.93 as compared to the previous trading day's close of $23.99.

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 $128.6 billion and is part of the computer hardware industry. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7. Shares are up 22.5% year to date as of the close of trading on Wednesday. Currently there are 23 analysts that rate Cisco Systems a buy, 1 analyst rates 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 solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. 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 Cisco Systems 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 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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