5 Stocks Moving The Technology Sector Upward

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 63 points (0.4%) at 14,888 as of Thursday, Aug. 29, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,979 issues advancing vs. 942 declining with 102 unchanged.

The Technology sector currently sits up 1.1% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Verizon Communications ( VZ), up 3.6%, Activision Blizzard ( ATVI), up 3.0%, Taiwan Semiconductor Manufacturing ( TSM), up 2.5%, BT Group ( BT), up 2.3% and BCE ( BCE), up 1.9%. On the negative front, top decliners within the sector include ABB ( ABB), down 1.6%, and Sap ( SAP), down 0.7%.

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

5. Oracle Corporation ( ORCL) is one of the companies pushing the Technology sector higher today. As of noon trading, Oracle Corporation is up $0.23 (0.7%) to $31.89 on light volume. Thus far, 7.3 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 27.4 million shares. The stock has ranged in price between $31.56-$31.98 after having opened the day at $31.57 as compared to the previous trading day's close of $31.66.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $147.1 billion and is part of the computer software & services industry. Shares are down 4.6% year to date as of the close of trading on Wednesday. Currently there are 20 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.

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4. As of noon trading, Qualcomm ( QCOM) is up $0.35 (0.5%) to $66.91 on light volume. Thus far, 3.4 million shares of Qualcomm exchanged hands as compared to its average daily volume of 13.4 million shares. The stock has ranged in price between $66.40-$67.14 after having opened the day at $66.57 as compared to the previous trading day's close of $66.56.

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 $114.8 billion and is part of the telecommunications industry. Shares are up 8.2% year to date as of the close of trading on Wednesday. Currently there are 22 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.

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3. As of noon trading, Microsoft Corporation ( MSFT) is up $0.31 (0.9%) to $33.33 on average volume. Thus far, 21.5 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 48.6 million shares. The stock has ranged in price between $32.80-$33.60 after having opened the day at $32.93 as compared to the previous trading day's close of $33.02.

Microsoft Corporation (Microsoft) develops, licenses, and supports software, services, and hardware devices worldwide. Microsoft Corporation has a market cap of $284.5 billion and is part of the computer software & services industry. Shares are up 27.9% year to date as of the close of trading on Wednesday. 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.

2. As of noon trading, Google ( GOOG) is up $10.43 (1.2%) to $858.98 on light volume. Thus far, 792,305 shares of Google exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $848.59-$860.38 after having opened the day at $849.07 as compared to the previous trading day's close of $848.55.

Google Inc., a technology company, builds products and provides services to organize the information and make it universally accessible and useful. Google has a market cap of $237.3 billion and is part of the internet industry. Shares are up 22.5% year to date as of the close of trading on Wednesday. Currently there are 26 analysts that rate Google a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Google as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Google 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, Facebook Inc Class A ( FB) is up $1.12 (2.8%) to $41.67 on average volume. Thus far, 38.8 million shares of Facebook Inc Class A exchanged hands as compared to its average daily volume of 55.2 million shares. The stock has ranged in price between $40.80-$41.78 after having opened the day at $40.89 as compared to the previous trading day's close of $40.55.

Facebook, Inc. operates as a social networking company worldwide. It builds various tools that enable users to connect, share, discover, and communicate with each other on mobile devices and computers. Facebook Inc Class A has a market cap of $75.1 billion and is part of the internet industry. Shares are up 48.9% year to date as of the close of trading on Wednesday. Currently there are 27 analysts that rate Facebook Inc Class A a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Facebook Inc Class A 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 impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. Get the full Facebook Inc Class A 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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