Today's Stocks Driving Success For The Technology Sector

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 89 points (0.6%) at 15,077 as of Friday, July 5, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,417 issues advancing vs. 1,574 declining with 76 unchanged.

The Technology sector currently sits up 0.8% versus the S&P 500, which is up 0.6%. Top gainers within the sector include SunPower Corporation ( SPWR), up 9.1%, SK Telecom ( SKM), up 6.6%, KT Corporation ( KT), up 3.2%, Check Point Software Technologies ( CHKP), up 2.7% and Cerner Corporation ( CERN), up 2.3%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI.A), down 3.9%, Rogers Communications ( RCI), down 2.6%, Telefonica Brasil S.A ( VIV), down 2.2%, Telecom Italia SpA ( TI), down 2.1% and Siemens ( SI), down 1.7%.

TheStreet 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 $1.04 (1.6%) to $64.25 on light volume. Thus far, 854,977 shares of Western Digital Corporation exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $63.33-$64.52 after having opened the day at $63.80 as compared to the previous trading day's close of $63.21.

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 $14.9 billion and is part of the computer hardware industry. Shares are up 48.7% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Western Digital Corporation a buy, 1 analyst rates it a sell, and 9 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 shows weak operating cash flow. Get the full Western Digital Corporation 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, Symantec ( SYMC) is up $0.46 (2.1%) to $22.82 on light volume. Thus far, 1.8 million shares of Symantec exchanged hands as compared to its average daily volume of 9.0 million shares. The stock has ranged in price between $22.46-$22.84 after having opened the day at $22.58 as compared to the previous trading day's close of $22.36.

Symantec Corporation provides security, storage, and systems management solutions to various organization and consumers worldwide. It operates in four segments: Consumer, Security and Compliance, Storage and Server Management, and Services. Symantec has a market cap of $15.6 billion and is part of the computer software & services industry. Shares are up 18.8% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Symantec a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Symantec as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Symantec 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, Applied Materials ( AMAT) is up $0.18 (1.2%) to $15.18 on light volume. Thus far, 4.6 million shares of Applied Materials exchanged hands as compared to its average daily volume of 14.2 million shares. The stock has ranged in price between $14.97-$15.20 after having opened the day at $15.12 as compared to the previous trading day's close of $15.00.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $17.8 billion and is part of the electronics industry. Shares are up 29.5% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Applied Materials a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Applied Materials as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Applied Materials 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, Seagate Technology ( STX) is up $0.62 (1.4%) to $45.72 on light volume. Thus far, 1.4 million shares of Seagate Technology exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $45.09-$45.93 after having opened the day at $45.62 as compared to the previous trading day's close of $45.10.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise storage, client compute, and client non-compute market applications worldwide. Seagate Technology has a market cap of $16.2 billion and is part of the computer hardware industry. Shares are up 48.3% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Seagate Technology a buy, 2 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Seagate Technology 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, Intel ( INTC) is up $0.17 (0.7%) to $23.93 on light volume. Thus far, 9.2 million shares of Intel exchanged hands as compared to its average daily volume of 45.2 million shares. The stock has ranged in price between $23.68-$24.01 after having opened the day at $23.95 as compared to the previous trading day's close of $23.76.

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 $117.9 billion and is part of the electronics industry. Shares are up 15.2% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Intel a buy, 5 analysts rate it a sell, and 20 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.

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).
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