Today's Top Performers In Technology

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 55 points (-0.4%) at 14,948 as of Wednesday, Aug. 21, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 846 issues advancing vs. 2,101 declining with 78 unchanged.

The Technology sector currently sits down 0.4% versus the S&P 500, which is down 0.4%. Top gainers within the sector include Telekomunikasi Indonesia (Persero) Tbk ( TLK), up 1.7%, Oracle Corporation ( ORCL), up 1.0%, Microsoft Corporation ( MSFT), up 1.1% and Accenture ( ACN), up 0.8%. On the negative front, top decliners within the sector include Turkcell Iletisim Hizmetleri AS ( TKC), down 4.4%, China Unicom (Hong Kong ( CHU), down 2.9%, Wipro ( WIT), down 2.8%, Tim Holding Company ( TSU), down 2.7% and LM Ericsson Telephone Company ( ERIC), down 2.4%.

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

5. Garmin ( GRMN) is one of the companies pushing the Technology sector higher today. As of noon trading, Garmin is up $0.96 (2.5%) to $39.41 on average volume. Thus far, 600,002 shares of Garmin exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $38.57-$39.54 after having opened the day at $38.67 as compared to the previous trading day's close of $38.45.

Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, and markets global positioning system (GPS) enabled products and other navigation, communication, and information products for the automotive/mobile, outdoor, fitness, marine, and general aviation markets worldwide. Garmin has a market cap of $7.9 billion and is part of the electronics industry. Shares are down 6.6% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Garmin a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Garmin 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 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 Garmin 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, Youku Tudou ( YOKU) is up $1.26 (5.9%) to $22.76 on heavy volume. Thus far, 2.0 million shares of Youku Tudou exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $21.40-$23.19 after having opened the day at $21.45 as compared to the previous trading day's close of $21.50.

Youku Tudou Inc. operates as an Internet television company in the People's Republic of China. Its Internet television platform enables consumers to search, view, and share video content across various devices. Youku Tudou has a market cap of $3.5 billion and is part of the internet industry. Shares are up 17.9% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Youku Tudou a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Youku Tudou as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and feeble growth in the company's earnings per share. Get the full Youku Tudou 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, Western Digital Corporation ( WDC) is up $1.20 (1.9%) to $66.20 on average volume. Thus far, 1.2 million shares of Western Digital Corporation exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $64.70-$67.24 after having opened the day at $64.85 as compared to the previous trading day's close of $65.00.

Western Digital Corporation, through its subsidiaries, engages in the development, manufacture, and sale of storage products and solutions that enable people to create, manage, experience and preserve digital content. Western Digital Corporation has a market cap of $15.2 billion and is part of the computer hardware industry. Shares are up 53.0% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Western Digital Corporation a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Western Digital Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels 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 Western Digital 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, Cognizant Technology Solutions Corporation ( CTSH) is up $1.88 (2.7%) to $72.53 on average volume. Thus far, 1.3 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $70.00-$72.64 after having opened the day at $70.26 as compared to the previous trading day's close of $70.65.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Manufacturing, Retail, and Logistics; and Other. Cognizant Technology Solutions Corporation has a market cap of $21.4 billion and is part of the computer software & services industry. Shares are down 4.4% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Cognizant Technology Solutions Corporation 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, reasonable valuation levels, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Cognizant Technology Solutions 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, EMC Corporation ( EMC) is up $0.26 (1.0%) to $25.86 on light volume. Thus far, 4.6 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 19.1 million shares. The stock has ranged in price between $25.59-$25.87 after having opened the day at $25.64 as compared to the previous trading day's close of $25.60.

EMC Corporation, together with its subsidiaries, develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. EMC Corporation has a market cap of $53.5 billion and is part of the computer hardware industry. Shares are up 1.2% year to date as of the close of trading on Tuesday. Currently there are 26 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates EMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full EMC 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).

null

More from Markets

Dow Skids and Stocks Fall Hard as Earnings Disappoint, Caterpillar Tumbles

Dow Skids and Stocks Fall Hard as Earnings Disappoint, Caterpillar Tumbles

Caterpillar Bulldozes Industrial Sector With Bad News on Earnings Call

Caterpillar Bulldozes Industrial Sector With Bad News on Earnings Call

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Eli Lilly CEO Expresses Confidence in New Rheumatoid Arthritis Drug

Eli Lilly CEO Expresses Confidence in New Rheumatoid Arthritis Drug

Video: Jim Cramer on Rising Interest Rates, Trade Worries & Caterpillar

Video: Jim Cramer on Rising Interest Rates, Trade Worries & Caterpillar