5 Technology Stocks Moving The Sector Upward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 15,558 as of Monday, July 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,691 issues advancing vs. 1,251 declining with 101 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Himax Technologies ( HIMX), up 35.8%, Infosys ( INFY), up 3.1%, Emerson Electric ( EMR), up 2.4%, Telefonica ( TEF), up 2.2% and BT Group ( BT), up 1.9%. On the negative front, top decliners within the sector include NTT DoCoMo ( DCM), down 1.6%, China Telecom ( CHA), down 1.6%, American Tower ( AMT), down 1.5%, Broadcom Corporation ( BRCM), down 1.4% and Kyocera Corporation ( KYO), down 1.1%.

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

5. Hewlett-Packard ( HPQ) is one of the companies pushing the Technology sector higher today. As of noon trading, Hewlett-Packard is up $0.40 (1.6%) to $25.54 on average volume. Thus far, 6.7 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 17.4 million shares. The stock has ranged in price between $25.15-$25.63 after having opened the day at $25.25 as compared to the previous trading day's close of $25.14.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $50.8 billion and is part of the computer hardware industry. Shares are up 76.4% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Hewlett-Packard a buy, 5 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full Hewlett-Packard Ratings Report now.

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