5 Technology Stocks Pushing The Sector Higher

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 66 points (0.4%) at 14,999 as of Wednesday, July 3, 2013, 12:51 PM ET. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,690 declining with 89 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Rackspace Hosting ( RAX), up 5.7%, STMicroelectronics ( STM), up 3.8%, LinkedIn ( LNKD), up 3.3%, Nokia Oyj ( NOK), up 3.7% and BT Group ( BT), up 2.6%. On the negative front, top decliners within the sector include Sap ( SAP), down 1.3%, Rogers Communications ( RCI), down 1.3%, Telefonica Brasil S.A ( VIV), down 1.0%, America Movil S.A.B. de C.V ( AMX), down 1.2% and America Movil S.A.B. de C.V ( AMOV), down 1.0%.

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

5. Hewlett-Packard ( HPQ) is one of the companies pushing the Technology sector higher today. As of noon trading, Hewlett-Packard is up $0.22 (0.9%) to $25.24 on light volume. Thus far, 4.2 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 18.7 million shares. The stock has ranged in price between $24.76-$25.27 after having opened the day at $24.88 as compared to the previous trading day's close of $25.02.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $48.1 billion and is part of the computer hardware industry. Shares are up 75.6% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Hewlett-Packard a buy, 5 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full Hewlett-Packard 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 liked this article you might like

Microsoft's New Xbox One X Shows It's Done Trying to Please Everyone

Hewlett Packard Enterprise's Meg Whitman Joins Dropbox

Carly Fiorina Will Not Run for Senate in 2018

Carly Fiorina on Not Running for Senate, Cryptocurrency and the Opioid Epidemic

Hewlett Packard Enterprise Jumps After-Hours on Q3 Earnings Beat