5 Stocks Improving Performance Of 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 12 points (0.1%) at 14,943 as of Thursday, Sept. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,432 issues advancing vs. 1,453 declining with 120 unchanged.

The Technology sector currently sits up 0.7% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Telecom Italia SpA ( TI.A), up 10.2%, Telecom Italia SpA ( TI), up 8.7%, Trimble Navigation ( TRMB), up 4.8%, Tim Holding Company ( TSU), up 3.7% and Nokia Oyj ( NOK), up 3.0%. On the negative front, top decliners within the sector include Sap ( SAP), down 2.4%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.5%, NTT DoCoMo ( DCM), down 1.3%, AT&T ( T), down 1.1% and Baidu ( BIDU), down 1.0%.

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

5. Emerson Electric ( EMR) is one of the companies pushing the Technology sector higher today. As of noon trading, Emerson Electric is up $0.39 (0.6%) to $61.72 on average volume. Thus far, 1.4 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $61.07-$62.05 after having opened the day at $61.29 as compared to the previous trading day's close of $61.33.

Emerson Electric Co., a diversified technology company, engages in designing and supplying products and technology, and providing engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $43.4 billion and is part of the electronics industry. Shares are up 15.8% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Emerson Electric 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, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Emerson Electric 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, Taiwan Semiconductor Manufacturing ( TSM) is up $0.31 (1.8%) to $17.17 on light volume. Thus far, 3.0 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11.7 million shares. The stock has ranged in price between $16.95-$17.18 after having opened the day at $16.96 as compared to the previous trading day's close of $16.86.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $87.6 billion and is part of the electronics industry. Shares are down 1.7% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing 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, solid stock price performance and impressive record of earnings per share growth. 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 Taiwan Semiconductor Manufacturing 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, Qihoo 360 Technology ( QIHU) is up $2.81 (3.4%) to $84.60 on heavy volume. Thus far, 2.1 million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $82.00-$85.58 after having opened the day at $82.20 as compared to the previous trading day's close of $81.79.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $10.0 billion and is part of the internet industry. Shares are up 175.5% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Qihoo 360 Technology 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, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Qihoo 360 Technology 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, Accenture ( ACN) is up $0.86 (1.2%) to $73.91 on light volume. Thus far, 1.2 million shares of Accenture exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $73.00-$74.07 after having opened the day at $73.00 as compared to the previous trading day's close of $73.05.

Accenture plc provides management consulting, technology, and business process outsourcing services worldwide. Accenture has a market cap of $47.1 billion and is part of the computer software & services industry. Shares are up 9.8% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Accenture a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Accenture 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Accenture 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, Broadcom Corporation ( BRCM) is up $0.80 (3.1%) to $26.72 on heavy volume. Thus far, 12.7 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 10.4 million shares. The stock has ranged in price between $25.80-$26.73 after having opened the day at $25.86 as compared to the previous trading day's close of $25.92.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom Corporation has a market cap of $13.3 billion and is part of the electronics industry. Shares are down 24.2% year to date as of the close of trading on Wednesday. Currently there are 23 analysts that rate Broadcom Corporation a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Broadcom Corporation as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Broadcom 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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