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.

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