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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