4 Technology Stocks On The Rise

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 79 points (-0.5%) at 15,419 as of Friday, Aug. 9, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,348 issues advancing vs. 1,561 declining with 117 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is down 0.2%. Top gainers within the sector include CSR ( CSRE), up 181.4%, Telecom Italia SpA ( TI), up 2.4%, Baidu ( BIDU), up 2.2%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), up 1.7% and American Tower ( AMT), up 1.9%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMX), down 5.7%, America Movil S.A.B. de C.V ( AMOV), down 5.2% and Hewlett-Packard ( HPQ), down 0.9%.

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

4. BT Group ( BT) is one of the companies pushing the Technology sector higher today. As of noon trading, BT Group is up $0.50 (1.0%) to $51.31 on average volume. Thus far, 51,534 shares of BT Group exchanged hands as compared to its average daily volume of 102,100 shares. The stock has ranged in price between $51.10-$51.51 after having opened the day at $51.24 as compared to the previous trading day's close of $50.81.

BT Group plc provides communications solutions and services worldwide. It operates in four segments: BT Global Services, BT Retail, BT Wholesale, and Openreach. The BT Global Services segment provides managed networked IT services to large corporate and public sector customers. BT Group has a market cap of $40.1 billion and is part of the telecommunications industry. Shares are up 33.7% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate BT Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates BT Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance 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 BT Group 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, Ubiquiti Networks ( UBNT) is up $5.75 (27.1%) to $26.95 on heavy volume. Thus far, 2.5 million shares of Ubiquiti Networks exchanged hands as compared to its average daily volume of 395,400 shares. The stock has ranged in price between $25.83-$29.40 after having opened the day at $28.00 as compared to the previous trading day's close of $21.20.

Ubiquiti Networks, Inc., a communications technology company, together with its subsidiaries, offers a portfolio of communications networking products and solutions worldwide. Ubiquiti Networks has a market cap of $1.8 billion and is part of the telecommunications industry. Shares are up 69.4% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Ubiquiti Networks a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Ubiquiti Networks as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, 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 deteriorating net income and feeble growth in the company's earnings per share. Get the full Ubiquiti 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.

2. As of noon trading, Rackspace Hosting ( RAX) is up $3.68 (8.3%) to $47.90 on heavy volume. Thus far, 5.0 million shares of Rackspace Hosting exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $46.88-$49.50 after having opened the day at $48.71 as compared to the previous trading day's close of $44.22.

Rackspace Hosting, Inc., through its subsidiaries, provides cloud computing services, managing Web-based IT systems for small and medium-sized businesses, and large enterprises worldwide. Rackspace Hosting has a market cap of $6.2 billion and is part of the computer software & services industry. Shares are down 40.5% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Rackspace Hosting a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Rackspace Hosting 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 good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Rackspace Hosting 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, Accenture ( ACN) is up $0.71 (1.0%) to $73.69 on average volume. Thus far, 1.5 million shares of Accenture exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $73.03-$73.84 after having opened the day at $73.15 as compared to the previous trading day's close of $72.98.

Accenture plc provides management consulting, technology, and business process outsourcing services worldwide. Accenture has a market cap of $47.1 billion and is part of the computer software & services industry. Shares are up 9.8% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Accenture a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Accenture 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Accenture 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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