4 Stocks Raising The Technology Sector Higher

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 47 points (-0.3%) at 15,521 as of Wednesday, July 24, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 716 issues advancing vs. 2,228 declining with 95 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.3%. Top gainers within the sector include EMC Corporation ( EMC), up 6.1%, Taiwan Semiconductor Manufacturing ( TSM), up 2.1%, Sap ( SAP), up 1.2%, International Business Machines ( IBM), up 1.0% and Intel ( INTC), up 0.8%. On the negative front, top decliners within the sector include Broadcom Corporation ( BRCM), down 16.0%, Seagate Technology ( STX), down 5.6%, America Movil S.A.B. de C.V ( AMX), down 1.5%, America Movil S.A.B. de C.V ( AMOV), down 1.0% and Qualcomm ( QCOM), down 0.9%.

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

4. TE Connectivity ( TEL) is one of the companies pushing the Technology sector higher today. As of noon trading, TE Connectivity is up $2.59 (5.4%) to $50.54 on heavy volume. Thus far, 1.8 million shares of TE Connectivity exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $48.29-$50.79 after having opened the day at $48.29 as compared to the previous trading day's close of $47.95.

TE Connectivity Ltd., together with its subsidiaries, designs and manufactures products that connect and protect the flow of power and data inside the products used by consumers and industries. TE Connectivity has a market cap of $20.0 billion and is part of the electronics industry. Shares are up 29.6% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate TE Connectivity a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates TE Connectivity as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full TE Connectivity Ratings Report now.

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3. As of noon trading, VMware ( VMW) is up $11.54 (16.2%) to $82.82 on heavy volume. Thus far, 8.7 million shares of VMware exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $79.41-$83.24 after having opened the day at $80.47 as compared to the previous trading day's close of $71.28.

VMware, Inc. provides virtualization infrastructure solutions in the United States and internationally. VMware has a market cap of $9.0 billion and is part of the computer software & services industry. Shares are down 25.7% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate VMware a buy, 2 analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates VMware 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full VMware 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, Oracle Corporation ( ORCL) is up $0.34 (1.1%) to $32.41 on light volume. Thus far, 9.9 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 30.4 million shares. The stock has ranged in price between $32.30-$32.56 after having opened the day at $32.38 as compared to the previous trading day's close of $32.07.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $147.6 billion and is part of the computer software & services industry. Shares are down 3.8% year to date as of the close of trading on Tuesday. Currently there are 21 analysts that rate Oracle Corporation a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Oracle Corporation as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, attractive valuation levels and expanding profit margins. 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 Oracle 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.

1. As of noon trading, Apple ( AAPL) is up $23.21 (5.5%) to $442.20 on heavy volume. Thus far, 14.4 million shares of Apple exchanged hands as compared to its average daily volume of 13.4 million shares. The stock has ranged in price between $435.26-$444.47 after having opened the day at $438.93 as compared to the previous trading day's close of $418.99.

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 $400.2 billion and is part of the consumer durables industry. Shares are down 19.9% year to date as of the close of trading on Tuesday. Currently there are 28 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 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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