5 Stocks Boosting 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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 3 points (0.0%) at 15,545 as of Thursday, July 25, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,346 issues advancing vs. 1,602 declining with 83 unchanged.

The Technology sector currently sits up 0.7% versus the S&P 500, which is unchanged. Top gainers within the sector include Qualcomm ( QCOM), up 2.9%, Salesforce.com ( CRM), up 2.4%, Telefonica ( TEF), up 2.3% and Taiwan Semiconductor Manufacturing ( TSM), up 0.6%. On the negative front, top decliners within the sector include Western Digital Corporation ( WDC), down 6.0%, Seagate Technology ( STX), down 4.5%, ABB ( ABB), down 3.1%, BT Group ( BT), down 2.0% and Microsoft Corporation ( MSFT), down 2.0%.

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

5. TripAdvisor ( TRIP) is one of the companies pushing the Technology sector higher today. As of noon trading, TripAdvisor is up $9.08 (14.8%) to $70.22 on heavy volume. Thus far, 3.7 million shares of TripAdvisor exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $68.71-$71.45 after having opened the day at $69.88 as compared to the previous trading day's close of $61.14.

TripAdvisor, Inc., an online travel company, provides trip advisory services. TripAdvisor has a market cap of $7.9 billion and is part of the internet industry. Shares are up 44.7% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate TripAdvisor a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates TripAdvisor as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and solid stock price performance. 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 TripAdvisor 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, F5 Networks ( FFIV) is up $8.76 (10.8%) to $90.18 on heavy volume. Thus far, 5.2 million shares of F5 Networks exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $87.26-$92.79 after having opened the day at $87.97 as compared to the previous trading day's close of $81.42.

F5 Networks, Inc. provides application delivery networking technology that secures and optimizes the delivery of network-based applications, and the security, performance, and availability of servers and other network resources. F5 Networks has a market cap of $6.3 billion and is part of the computer software & services industry. Shares are down 17.7% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate F5 Networks a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates F5 Networks 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 expanding profit margins. 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 premium valuation. Get the full F5 Networks 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, LinkedIn ( LNKD) is up $6.94 (3.5%) to $204.54 on heavy volume. Thus far, 2.0 million shares of LinkedIn exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $201.00-$206.30 after having opened the day at $201.79 as compared to the previous trading day's close of $197.60.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $17.8 billion and is part of the internet industry. Shares are up 69.4% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates LinkedIn as a sell. Among the areas we feel are negative, one of the most important has been premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full LinkedIn 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, Baidu ( BIDU) is up $11.39 (10.1%) to $124.76 on heavy volume. Thus far, 16.3 million shares of Baidu exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $120.26-$132.86 after having opened the day at $129.09 as compared to the previous trading day's close of $113.37.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $38.4 billion and is part of the internet industry. Shares are up 9.5% year to date as of the close of trading on Wednesday. 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. 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 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.

1. As of noon trading, Facebook Inc Class A ( FB) is up $6.99 (26.4%) to $33.50 on heavy volume. Thus far, 247.8 million shares of Facebook Inc Class A exchanged hands as compared to its average daily volume of 37.3 million shares. The stock has ranged in price between $32.75-$34.00 after having opened the day at $33.54 as compared to the previous trading day's close of $26.51.

Facebook, Inc. operates as a social networking company worldwide. It builds various tools that enable users to connect, share, discover, and communicate with each other on mobile devices and computers. Facebook Inc Class A has a market cap of $45.7 billion and is part of the internet industry. Shares are down 1.8% year to date as of the close of trading on Wednesday. Currently there are 24 analysts that rate Facebook Inc Class A a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Facebook Inc Class A as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself. Get the full Facebook Inc Class A 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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