4 Stocks Raising The Technology Sector Higher

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 24 points (-0.2%) at 15,303 as of Thursday, Sept. 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 960 issues advancing vs. 1,922 declining with 143 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Nokia Oyj ( NOK), up 5.2%, ASML ( ASML), up 4.2%, Qualcomm ( QCOM), up 1.3%, Sap ( SAP), up 1.3% and AT&T ( T), up 1.1%. On the negative front, top decliners within the sector include LG.Display Company ( LPL), down 4.4%, China Telecom ( CHA), down 3.6%, Rogers Communications ( RCI), down 2.6%, Wipro ( WIT), down 2.4% and Crown Castle International ( CCI), down 2.2%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. STMicroelectronics ( STM) is one of the companies pushing the Technology sector higher today. As of noon trading, STMicroelectronics is up $0.48 (5.6%) to $9.00 on heavy volume. Thus far, 2.7 million shares of STMicroelectronics exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $8.98-$9.14 after having opened the day at $9.12 as compared to the previous trading day's close of $8.52.

STMicroelectronics N.V. engages in the design, development, manufacture, and marketing of various semiconductor integrated circuits and discrete devices worldwide. STMicroelectronics has a market cap of $7.7 billion and is part of the electronics industry. Shares are up 19.8% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates STMicroelectronics a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates STMicroelectronics as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full STMicroelectronics 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, EMC Corporation ( EMC) is up $0.19 (0.7%) to $27.18 on average volume. Thus far, 7.6 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 16.0 million shares. The stock has ranged in price between $26.86-$27.20 after having opened the day at $26.91 as compared to the previous trading day's close of $26.99.

EMC Corporation, together with its subsidiaries, develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. EMC Corporation has a market cap of $56.1 billion and is part of the computer hardware industry. Shares are up 6.6% year to date as of the close of trading on Wednesday. Currently there are 26 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates EMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full EMC 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, Yahoo ( YHOO) is up $0.86 (2.9%) to $30.05 on heavy volume. Thus far, 14.8 million shares of Yahoo exchanged hands as compared to its average daily volume of 16.7 million shares. The stock has ranged in price between $29.50-$30.27 after having opened the day at $29.72 as compared to the previous trading day's close of $29.19.

Yahoo! Inc., a technology company, provides search, content, and communication tools on the Web and on mobile devices worldwide. Yahoo has a market cap of $30.1 billion and is part of the internet industry. Shares are up 48.1% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Yahoo a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, reasonable valuation levels and expanding profit margins. 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 Yahoo 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, Apple ( AAPL) is up $7.49 (1.6%) to $475.20 on average volume. Thus far, 9.0 million shares of Apple exchanged hands as compared to its average daily volume of 12.3 million shares. The stock has ranged in price between $466.01-$475.24 after having opened the day at $468.50 as compared to the previous trading day's close of $467.71.

Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. Apple has a market cap of $449.4 billion and is part of the consumer durables industry. Shares are down 7.1% year to date as of the close of trading on Wednesday. Currently there are 30 analysts that rate Apple a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Apple 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, 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 Apple 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 4 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).

null

More from Markets

Global Stocks Weaken as Trump Opens New Fronts in Global Trade War

Global Stocks Weaken as Trump Opens New Fronts in Global Trade War

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat