5 Technology Stocks Pushing The 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 23 points (-0.1%) at 15,403 as of Monday, Aug. 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,506 issues advancing vs. 1,423 declining with 115 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is down 0.2%. Top gainers within the sector include CSR ( CSRE), up 179.0%, Apple ( AAPL), up 2.4%, Eaton Corporation ( ETN), up 1.8% and Verizon Communications ( VZ), up 0.6%. On the negative front, top decliners within the sector include BT Group ( BT), down 0.9%, and Telefonica ( TEF), down 0.8%.

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

5. LinkedIn ( LNKD) is one of the companies pushing the Technology sector higher today. As of noon trading, LinkedIn is up $6.88 (3.0%) to $239.69 on heavy volume. Thus far, 1.6 million shares of LinkedIn exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $233.05-$239.90 after having opened the day at $234.11 as compared to the previous trading day's close of $232.81.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $21.8 billion and is part of the internet industry. Shares are up 102.8% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 13 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.

4. As of noon trading, Yahoo ( YHOO) is up $0.54 (1.9%) to $28.22 on average volume. Thus far, 9.9 million shares of Yahoo exchanged hands as compared to its average daily volume of 17.8 million shares. The stock has ranged in price between $27.50-$28.33 after having opened the day at $27.55 as compared to the previous trading day's close of $27.68.

Yahoo! Inc., a technology company, provides search, content, and communication tools on the Web and on mobile devices worldwide. Yahoo has a market cap of $29.8 billion and is part of the internet industry. Shares are up 39.1% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Yahoo a buy, 1 analyst rates it a sell, and 16 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, reasonable 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 Yahoo 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, International Business Machines ( IBM) is up $1.01 (0.5%) to $188.83 on light volume. Thus far, 1.4 million shares of International Business Machines exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $186.89-$189.56 after having opened the day at $186.97 as compared to the previous trading day's close of $187.82.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. International Business Machines has a market cap of $205.9 billion and is part of the computer software & services industry. Shares are down 1.9% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full International Business Machines 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 $0.30 (0.9%) to $33.22 on light volume. Thus far, 6.0 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 28.0 million shares. The stock has ranged in price between $32.75-$33.34 after having opened the day at $32.80 as compared to the previous trading day's close of $32.92.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $152.0 billion and is part of the computer software & services industry. Shares are down 1.2% year to date as of the close of trading on Friday. 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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, Cisco Systems ( CSCO) is up $0.28 (1.1%) to $26.34 on average volume. Thus far, 18.0 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 38.2 million shares. The stock has ranged in price between $25.85-$26.45 after having opened the day at $25.86 as compared to the previous trading day's close of $26.05.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. Cisco Systems has a market cap of $140.3 billion and is part of the computer hardware industry. Shares are up 33.6% year to date as of the close of trading on Friday. Currently there are 23 analysts that rate Cisco Systems a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Cisco Systems 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, notable return on equity, attractive valuation levels and solid stock price performance. 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 Cisco Systems 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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