5 Stocks Improving Performance Of The Technology Sector

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 44 points (0.3%) at 15,464 as of Tuesday, Aug. 13, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,183 issues advancing vs. 1,800 declining with 78 unchanged.

The Technology sector currently sits up 2.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Voltari ( VLTC), up 1570.4%, CSR ( CSRE), up 177.0%, BlackBerry ( BBRY), up 10.2%, Xerox Corporation ( XRX), up 3.5% and Wipro ( WIT), up 3.0%. On the negative front, top decliners within the sector include IHS ( IHS), down 5.2%, Salesforce.com ( CRM), down 1.4%, Verizon Communications ( VZ), down 0.8%, Microsoft Corporation ( MSFT), down 0.8% and AT&T ( T), down 0.6%.

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

5. Eaton Corporation ( ETN) is one of the companies pushing the Technology sector higher today. As of noon trading, Eaton Corporation is up $0.64 (1.0%) to $67.11 on light volume. Thus far, 953,802 shares of Eaton Corporation exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $66.42-$67.19 after having opened the day at $66.66 as compared to the previous trading day's close of $66.47.

Eaton Corporation plc operates as a diversified power management company worldwide. The company operates through Electrical Americas, Electrical Rest of World, Cooper, Hydraulics, Aerospace, Truck, and Automotive segments. Eaton Corporation has a market cap of $31.1 billion and is part of the electronics industry. Shares are up 21.1% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Eaton Corporation a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Eaton Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Eaton 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.

4. As of noon trading, Broadcom Corporation ( BRCM) is up $0.63 (2.4%) to $26.69 on average volume. Thus far, 5.9 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 9.7 million shares. The stock has ranged in price between $26.32-$26.71 after having opened the day at $26.35 as compared to the previous trading day's close of $26.06.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom Corporation has a market cap of $13.8 billion and is part of the electronics industry. Shares are down 21.5% year to date as of the close of trading on Monday. Currently there are 25 analysts that rate Broadcom Corporation a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Broadcom Corporation 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, deteriorating net income and disappointing return on equity. Get the full Broadcom 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.

3. As of noon trading, eBay ( EBAY) is up $0.91 (1.7%) to $54.19 on average volume. Thus far, 6.1 million shares of eBay exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $53.51-$54.48 after having opened the day at $53.74 as compared to the previous trading day's close of $53.28.

eBay Inc. provides online platforms, tools, and services to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. eBay has a market cap of $69.0 billion and is part of the retail industry. Shares are up 4.6% year to date as of the close of trading on Monday. Currently there are 24 analysts that rate eBay a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates eBay 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, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full eBay 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, Micron Technology ( MU) is up $0.72 (5.2%) to $14.55 on heavy volume. Thus far, 45.2 million shares of Micron Technology exchanged hands as compared to its average daily volume of 41.3 million shares. The stock has ranged in price between $14.08-$14.55 after having opened the day at $14.14 as compared to the previous trading day's close of $13.83.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $14.5 billion and is part of the electronics industry. Shares are up 120.7% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Micron Technology a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Micron Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Micron 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.

1. As of noon trading, Qualcomm ( QCOM) is up $0.72 (1.1%) to $67.18 on average volume. Thus far, 6.2 million shares of Qualcomm exchanged hands as compared to its average daily volume of 13.7 million shares. The stock has ranged in price between $66.53-$67.24 after having opened the day at $66.73 as compared to the previous trading day's close of $66.46.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. Qualcomm has a market cap of $113.7 billion and is part of the telecommunications industry. Shares are up 7.1% year to date as of the close of trading on Monday. Currently there are 24 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Qualcomm as a buy. 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, notable return on equity, impressive record of earnings per share growth and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Qualcomm 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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