Technology Stocks On The Rise With Help From 5 Stocks

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 44 points (-0.3%) at 15,417 as of Friday, July 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,253 issues advancing vs. 1,644 declining with 132 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Infosys ( INFY), up 5.2%, Salesforce.com ( CRM), up 1.8%, Automatic Data Processing ( ADP), up 1.5%, EMC Corporation ( EMC), up 1.4% and Kyocera Corporation ( KYO), up 1.1%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI.A), down 6.4%, Telecom Italia SpA ( TI), down 6.3%, China Telecom ( CHA), down 2.7%, Activision Blizzard ( ATVI), down 2.1% and Nokia Oyj ( NOK), down 2.1%.

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

5. WebMD Health Corporation ( WBMD) is one of the companies pushing the Technology sector higher today. As of noon trading, WebMD Health Corporation is up $7.03 (26.1%) to $33.99 on heavy volume. Thus far, 3.2 million shares of WebMD Health Corporation exchanged hands as compared to its average daily volume of 492,900 shares. The stock has ranged in price between $33.02-$35.28 after having opened the day at $33.36 as compared to the previous trading day's close of $26.96.

WebMD Health Corp. provides health information services to consumers, physicians and other healthcare professionals, employers, and health plans through its public and private online portals, mobile platforms, and health-focused publications in the United States. WebMD Health Corporation has a market cap of $1.3 billion and is part of the computer software & services industry. Shares are up 84.4% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate WebMD Health Corporation a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates WebMD Health Corporation as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk. Get the full WebMD Health 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, BCE ( BCE) is up $0.27 (0.6%) to $42.17 on average volume. Thus far, 353,915 shares of BCE exchanged hands as compared to its average daily volume of 851,600 shares. The stock has ranged in price between $42.01-$42.33 after having opened the day at $42.02 as compared to the previous trading day's close of $41.90.

BCE Inc. provides communications solutions to residential, business, and wholesale customers primarily in Canada. BCE has a market cap of $32.1 billion and is part of the telecommunications industry. Shares are down 3.8% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate BCE a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates BCE as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full BCE 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, SK Telecom ( SKM) is up $0.44 (2.0%) to $21.60 on average volume. Thus far, 929,630 shares of SK Telecom exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $21.37-$21.75 after having opened the day at $21.40 as compared to the previous trading day's close of $21.17.

SK Telecom Co., Ltd. provides wireless telecommunications services principally in Korea. SK Telecom has a market cap of $12.9 billion and is part of the telecommunications industry. Shares are up 29.4% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate SK Telecom a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates SK Telecom as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, 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 somewhat disappointing return on equity. Get the full SK Telecom 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, Xilinx ( XLNX) is up $1.06 (2.5%) to $42.91 on heavy volume. Thus far, 3.5 million shares of Xilinx exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $42.26-$43.37 after having opened the day at $42.73 as compared to the previous trading day's close of $41.85.

Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Xilinx has a market cap of $10.9 billion and is part of the electronics industry. Shares are up 14.8% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Xilinx a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Xilinx as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Xilinx 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, Adobe Systems ( ADBE) is up $0.49 (1.0%) to $48.48 on average volume. Thus far, 1.5 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $48.10-$48.63 after having opened the day at $48.35 as compared to the previous trading day's close of $47.99.

Adobe Systems Incorporated operates as a diversified software company worldwide. It offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises, and consumers. Adobe Systems has a market cap of $23.7 billion and is part of the computer software & services industry. Shares are up 25.4% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Adobe Systems a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Adobe Systems 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, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Adobe 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.

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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