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 90 points (0.6%) at 15,153 as of Tuesday, Sept. 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,842 issues advancing vs. 1,092 declining with 95 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is up 0.5%. Top gainers within the sector include SouFun Holdings ( SFUN), up 8.8%, Micron Technology ( MU), up 4.3%, Qihoo 360 Technology ( QIHU), up 3.6%, Infosys ( INFY), up 3.4% and Tim Holding Company ( TSU), up 3.4%. A company within the sector that fell today was Amazon.com ( AMZN), up 0.6%.

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

5. International Business Machines ( IBM) is one of the companies pushing the Technology sector higher today. As of noon trading, International Business Machines is up $1.65 (0.9%) to $186.63 on average volume. Thus far, 1.5 million shares of International Business Machines exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $186.37-$187.65 after having opened the day at $187.10 as compared to the previous trading day's close of $184.98.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. International Business Machines has a market cap of $200.5 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 Monday. Currently there are 10 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity 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 International Business Machines Ratings Report now.

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4. As of noon trading, AT&T ( T) is up $0.28 (0.8%) to $33.91 on heavy volume. Thus far, 18.6 million shares of AT&T exchanged hands as compared to its average daily volume of 22.6 million shares. The stock has ranged in price between $33.75-$34.10 after having opened the day at $33.88 as compared to the previous trading day's close of $33.63.

AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally. The company operates in three segments: Wireless, Wireline, and Other. AT&T has a market cap of $177.4 billion and is part of the telecommunications industry. Shares are down 0.9% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate AT&T a buy, 1 analyst rates it a sell, and 18 rate it a hold.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full AT&T 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, Cisco Systems ( CSCO) is up $0.23 (1.0%) to $24.15 on average volume. Thus far, 14.2 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 34.7 million shares. The stock has ranged in price between $24.00-$24.25 after having opened the day at $24.03 as compared to the previous trading day's close of $23.92.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. Cisco Systems has a market cap of $125.9 billion and is part of the computer hardware industry. Shares are up 19.9% year to date as of the close of trading on Monday. Currently there are 22 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Cisco Systems 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 solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Cisco Systems 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, Qualcomm ( QCOM) is up $0.48 (0.7%) to $69.78 on average volume. Thus far, 5.1 million shares of Qualcomm exchanged hands as compared to its average daily volume of 12.7 million shares. The stock has ranged in price between $69.39-$69.80 after having opened the day at $69.39 as compared to the previous trading day's close of $69.30.

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 $116.7 billion and is part of the telecommunications industry. Shares are up 10.0% year to date as of the close of trading on Monday. 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.

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, Microsoft Corporation ( MSFT) is up $0.54 (1.7%) to $32.20 on average volume. Thus far, 25.0 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 52.5 million shares. The stock has ranged in price between $31.79-$32.37 after having opened the day at $31.90 as compared to the previous trading day's close of $31.66.

Microsoft Corporation (Microsoft) develops, licenses, and supports software, services, and hardware devices worldwide. Microsoft Corporation has a market cap of $259.5 billion and is part of the computer software & services industry. Shares are up 16.6% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Microsoft Corporation a buy, no analysts rate it a sell, and 17 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.

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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