4 Stocks Boosting The Technology Sector Higher

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 41 points (-0.3%) at 15,444 as of Tuesday, July 16, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 951 issues advancing vs. 1,969 declining with 95 unchanged.

The Technology sector currently sits down 0.1% versus the S&P 500, which is down 0.4%. Top gainers within the sector include Rackspace Hosting ( RAX), up 4.1%, Avago Technologies ( AVGO), up 2.9%, Symantec ( SYMC), up 1.1%, Applied Materials ( AMAT), up 0.8% and ASML ( ASML), up 0.7%. On the negative front, top decliners within the sector include Qihoo 360 Technology ( QIHU), down 4.6%, Telecom Italia SpA ( TI), down 4.1%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 4.1%, Yandex ( YNDX), down 3.9% and Telecom Italia SpA ( TI.A), down 3.6%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Technology sector higher today. As of noon trading, China Unicom (Hong Kong is up $0.19 (1.4%) to $13.93 on average volume. Thus far, 286,241 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 603,700 shares. The stock has ranged in price between $13.85-$13.99 after having opened the day at $13.91 as compared to the previous trading day's close of $13.74.

China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of cellular, fixed line, and broadband services in China. China Unicom (Hong Kong has a market cap of $32.0 billion and is part of the telecommunications industry. Shares are down 16.6% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full China Unicom (Hong Kong 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, SouFun Holdings ( SFUN) is up $2.38 (8.6%) to $29.98 on heavy volume. Thus far, 635,427 shares of SouFun Holdings exchanged hands as compared to its average daily volume of 319,700 shares. The stock has ranged in price between $27.57-$30.09 after having opened the day at $27.57 as compared to the previous trading day's close of $27.60.

SouFun Holdings Limited operates a real estate Internet portal, and a home furnishing and improvement Website in the People's Republic of China. SouFun Holdings has a market cap of $2.1 billion and is part of the internet industry. Shares are up 10.4% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate SouFun Holdings a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates SouFun Holdings as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full SouFun Holdings 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, Siemens ( SI) is up $0.53 (0.5%) to $108.28 on light volume. Thus far, 128,384 shares of Siemens exchanged hands as compared to its average daily volume of 397,500 shares. The stock has ranged in price between $107.70-$108.35 after having opened the day at $107.96 as compared to the previous trading day's close of $107.75.

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 $90.5 billion and is part of the industrial industry. Shares are down 2.0% year to date as of the close of trading on Monday. 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 solid stock price performance, notable return on equity, good cash flow from operations 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.

1. As of noon trading, Baidu ( BIDU) is up $4.55 (4.5%) to $106.14 on heavy volume. Thus far, 6.9 million shares of Baidu exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $105.36-$108.05 after having opened the day at $107.25 as compared to the previous trading day's close of $101.59.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $33.9 billion and is part of the internet industry. Shares are down 3.4% 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.

If you are interested in one of these 4 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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