Today's Stocks Driving Success For 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 58 points (0.4%) at 15,069 as of Tuesday, Aug. 20, 2013, 1:04 PM ET. The NYSE advances/declines ratio sits at 2,347 issues advancing vs. 659 declining with 81 unchanged.

The Technology sector currently sits up 0.7% versus the S&P 500, which is up 0.6%. Top gainers within the sector include NetEase ( NTES), up 7.8%, Nielsen Holdings ( NLSN), up 4.3%, Mobile Telesystems OJSC ( MBT), up 3.9%, Electronic Arts ( EA), up 3.7% and America Movil S.A.B. de C.V ( AMX), up 3.3%. On the negative front, top decliners within the sector include Philippine Long Distance Telephone ( PHI), down 3.3%, China Unicom (Hong Kong ( CHU), down 1.7%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.6%, Thomson Reuters Corporation ( TRI), down 0.9% and Telefonica ( TEF), down 0.6%.

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

5. International Business Machines ( IBM) is one of the companies pushing the Technology sector higher today. As of noon trading, International Business Machines is up $1.12 (0.6%) to $185.35 on average volume. Thus far, 1.6 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 $183.17-$185.52 after having opened the day at $184.09 as compared to the previous trading day's close of $184.23.

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 $203.0 billion and is part of the computer software & services industry. Shares are down 3.2% year to date as of the close of trading on Monday. 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.

4. As of noon trading, Cisco Systems ( CSCO) is up $0.22 (0.9%) to $24.50 on average volume. Thus far, 17.1 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 36.5 million shares. The stock has ranged in price between $24.22-$24.52 after having opened the day at $24.28 as compared to the previous trading day's close of $24.27.

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 $129.7 billion and is part of the computer hardware industry. Shares are up 23.5% year to date as of the close of trading on Monday. Currently there are 22 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 8 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.

3. As of noon trading, Oracle Corporation ( ORCL) is up $0.22 (0.7%) to $32.28 on light volume. Thus far, 5.6 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 27.7 million shares. The stock has ranged in price between $32.00-$32.42 after having opened the day at $32.06 as compared to the previous trading day's close of $32.06.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $151.6 billion and is part of the computer software & services industry. Shares are down 2.7% year to date as of the close of trading on Monday. 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.

2. As of noon trading, Intel ( INTC) is up $0.30 (1.4%) to $22.58 on average volume. Thus far, 16.5 million shares of Intel exchanged hands as compared to its average daily volume of 40.7 million shares. The stock has ranged in price between $22.30-$22.68 after having opened the day at $22.31 as compared to the previous trading day's close of $22.28.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $109.2 billion and is part of the electronics industry. Shares are up 6.3% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Intel a buy, 6 analysts rate it a sell, and 18 rate it a hold.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Intel 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, Microsoft Corporation ( MSFT) is up $0.36 (1.1%) to $31.75 on light volume. Thus far, 13.7 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 46.8 million shares. The stock has ranged in price between $31.37-$31.90 after having opened the day at $31.44 as compared to the previous trading day's close of $31.39.

Microsoft Corporation (Microsoft) develops, licenses, and supports software, services, and hardware devices worldwide. Microsoft Corporation has a market cap of $264.9 billion and is part of the computer software & services industry. Shares are up 19.1% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Microsoft Corporation a buy, no analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Microsoft Corporation 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 impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Microsoft 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.

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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