5 Stocks Pushing The Technology Sector Higher

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 19 points (-0.1%) at 15,282 as of Wednesday, July 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,222 issues advancing vs. 1,685 declining with 126 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Yandex ( YNDX), up 4.3%, Applied Materials ( AMAT), up 4.1%, Crown Castle International ( CCI), up 2.8%, American Tower ( AMT), up 2.6% and Cognizant Technology Solutions Corporation ( CTSH), up 2.5%. On the negative front, top decliners within the sector include Micron Technology ( MU), down 3.1%, Nokia Oyj ( NOK), down 2.4%, Nielsen Holdings ( NLSN), down 2.2%, Telefonica Brasil S.A ( VIV), down 2.0% and Telecom Italia SpA ( TI), down 2.0%.

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

5. Infosys ( INFY) is one of the companies pushing the Technology sector higher today. As of noon trading, Infosys is up $0.35 (0.8%) to $42.46 on average volume. Thus far, 1.1 million shares of Infosys exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $42.02-$42.68 after having opened the day at $42.09 as compared to the previous trading day's close of $42.11.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $23.7 billion and is part of the computer software & services industry. Shares are down 1.8% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Infosys a buy, 3 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Infosys as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity. Get the full Infosys 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.

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