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.

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