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.

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