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.

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