5 Stocks Driving The Technology Sector Higher

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 76 points (0.5%) at 15,300 as of Tuesday, July 9, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,101 issues advancing vs. 849 declining with 106 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 1.2%. Top gainers within the sector include Freescale Semiconductor ( FSL), up 11.7%, LG.Display Company ( LPL), up 4.1%, Applied Materials ( AMAT), up 3.7%, Turkcell Iletisim Hizmetleri AS ( TKC), up 3.3% and Facebook Inc Class A ( FB), up 2.6%. On the negative front, top decliners within the sector include Micron Technology ( MU), down 4.8%, Cerner Corporation ( CERN), down 2.6%, Qualcomm ( QCOM), down 1.6% and Oracle Corporation ( ORCL), down 0.7%.

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

5. Nokia Oyj ( NOK) is one of the companies pushing the Technology sector higher today. As of noon trading, Nokia Oyj is up $0.09 (2.2%) to $4.22 on average volume. Thus far, 18.8 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 33.1 million shares. The stock has ranged in price between $4.21-$4.27 after having opened the day at $4.23 as compared to the previous trading day's close of $4.13.

Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. Nokia Oyj has a market cap of $15.3 billion and is part of the telecommunications industry. Shares are up 4.6% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Nokia Oyj a buy, 6 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. Get the full Nokia Oyj 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, Baidu ( BIDU) is up $2.14 (2.4%) to $92.64 on average volume. Thus far, 1.8 million shares of Baidu exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $90.16-$92.70 after having opened the day at $91.24 as compared to the previous trading day's close of $90.50.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $32.0 billion and is part of the internet industry. Shares are down 8.7% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Baidu a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, expanding profit margins, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Baidu 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, Yahoo ( YHOO) is up $0.90 (3.5%) to $26.42 on average volume. Thus far, 7.0 million shares of Yahoo exchanged hands as compared to its average daily volume of 16.7 million shares. The stock has ranged in price between $25.74-$26.43 after having opened the day at $25.74 as compared to the previous trading day's close of $25.52.

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 $27.8 billion and is part of the internet industry. Shares are up 29.0% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Yahoo a buy, 1 analyst rates it a sell, and 14 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.

2. As of noon trading, Cisco Systems ( CSCO) is up $0.55 (2.2%) to $25.18 on heavy volume. Thus far, 31.1 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 40.6 million shares. The stock has ranged in price between $24.74-$25.20 after having opened the day at $24.76 as compared to the previous trading day's close of $24.62.

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 $131.3 billion and is part of the computer hardware industry. Shares are up 25.0% year to date as of the close of trading on Monday. Currently there are 22 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.

1. As of noon trading, Apple ( AAPL) is up $4.75 (1.1%) to $419.80 on average volume. Thus far, 7.1 million shares of Apple exchanged hands as compared to its average daily volume of 15.2 million shares. The stock has ranged in price between $410.38-$420.35 after having opened the day at $413.60 as compared to the previous trading day's close of $415.05.

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 $391.8 billion and is part of the consumer durables industry. Shares are down 21.6% year to date as of the close of trading on Monday. Currently there are 30 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 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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