5 Technology Stocks On The Rise

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 63 points (0.4%) at 15,199 as of Monday, July 8, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,878 issues advancing vs. 1,083 declining with 93 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is up 1.0%. Top gainers within the sector include Dell ( DELL), up 2.8%, Accenture ( ACN), up 1.4%, Sap ( SAP), up 1.4%, LM Ericsson Telephone Company ADR Class B ( ERIC), up 1.1% and Telefonica ( TEF), up 0.9%. On the negative front, top decliners within the sector include Intel ( INTC), down 3.6%, and Nippon Telegraph & Telephone ( NTT), down 2.0%.

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

5. Siemens ( SI) is one of the companies pushing the Technology sector higher today. As of noon trading, Siemens is up $3.27 (3.3%) to $103.50 on heavy volume. Thus far, 446,718 shares of Siemens exchanged hands as compared to its average daily volume of 378,900 shares. The stock has ranged in price between $103.02-$104.24 after having opened the day at $104.23 as compared to the previous trading day's close of $100.23.

Siemens Aktiengesellschaft, an electronics and electrical engineering company, operates in the energy, healthcare, industry, and infrastructure and cities sectors worldwide. Siemens has a market cap of $85.6 billion and is part of the industrial industry. Shares are down 8.4% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Siemens a buy, no analysts rate it a sell, and 6 rate it a hold.

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

News Out of Europe: Siemens Shares Hit Record High

Why Vestas Is the Purest Play in Wind Power

What the Pros at Honeywell, Siemens Learned About Pruning Hedges

Don't Expect GE to Buy National Oilwell Varco

Gold Prices Hit 3-Week High as Rate Hike Fears Simmer Down