Today's Top Performers In Technology

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 27 points (0.2%) at 15,548 as of Wednesday, July 31, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,364 issues advancing vs. 1,544 declining with 117 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is up 0.3%. Top gainers within the sector include CGI Group ( GIB), up 10.0%, NeuStar ( NSR), up 9.0%, Symantec ( SYMC), up 8.0%, Garmin ( GRMN), up 5.8% and Youku Tudou ( YOKU), up 5.6%. On the negative front, top decliners within the sector include Jive Software ( JIVE), down 18.7%, Riverbed Technology ( RVBD), down 11.6%, Telecom Italia SpA ( TI.A), down 6.5%, Telecom Italia SpA ( TI), down 3.7% and Autodesk ( ADSK), down 3.5%.

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

5. Qihoo 360 Technology ( QIHU) is one of the companies pushing the Technology sector higher today. As of noon trading, Qihoo 360 Technology is up $1.69 (2.7%) to $64.12 on average volume. Thus far, 906,645 shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $62.34-$64.24 after having opened the day at $62.34 as compared to the previous trading day's close of $62.43.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $7.5 billion and is part of the internet industry. Shares are up 110.3% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Qihoo 360 Technology as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and premium valuation. Get the full Qihoo 360 Technology 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, TripAdvisor ( TRIP) is up $1.91 (2.6%) to $75.18 on average volume. Thus far, 1.0 million shares of TripAdvisor exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $73.59-$76.19 after having opened the day at $73.71 as compared to the previous trading day's close of $73.27.

TripAdvisor, Inc., an online travel company, provides trip advisory services. TripAdvisor has a market cap of $9.5 billion and is part of the internet industry. Shares are up 74.8% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate TripAdvisor a buy, 2 analysts rate it a sell, and 12 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.

3. As of noon trading, CenturyLink ( CTL) is up $0.37 (1.0%) to $36.09 on light volume. Thus far, 1.8 million shares of CenturyLink exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $35.71-$36.18 after having opened the day at $35.72 as compared to the previous trading day's close of $35.72.

CenturyLink, Inc. operates as an integrated telecommunications company in the United States. CenturyLink has a market cap of $22.0 billion and is part of the telecommunications industry. Shares are down 7.6% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate CenturyLink a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates CenturyLink as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins, impressive record of earnings per share growth and notable return on equity. 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 CenturyLink 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, Hewlett-Packard ( HPQ) is up $0.26 (1.0%) to $26.04 on average volume. Thus far, 6.4 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 16.6 million shares. The stock has ranged in price between $25.80-$26.18 after having opened the day at $25.80 as compared to the previous trading day's close of $25.78.

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 $49.5 billion and is part of the computer hardware industry. Shares are up 80.9% year to date as of the close of trading on Tuesday. 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.

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 $0.73 (0.6%) to $132.42 on average volume. Thus far, 2.7 million shares of Baidu exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $130.41-$133.00 after having opened the day at $131.00 as compared to the previous trading day's close of $131.69.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $45.2 billion and is part of the internet industry. Shares are up 29.0% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Baidu a buy, no analysts rate it a sell, and 6 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, expanding profit margins, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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 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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