5 Stocks Driving 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 15,424 as of Tuesday, Sept. 24, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,875 issues advancing vs. 1,030 declining with 132 unchanged.

The Technology sector currently sits up 0.5% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Applied Materials ( AMAT), up 7.4%, Tim Holding Company ( TSU), up 6.9%, Telefonica Brasil S.A ( VIV), up 4.3%, Lam Research Corporation ( LRCX), up 4.2% and LinkedIn ( LNKD), up 3.9%. On the negative front, top decliners within the sector include Red Hat ( RHT), down 10.8%, China Unicom (Hong Kong ( CHU), down 2.8%, Citrix Systems ( CTXS), down 2.6%, Teradata Corporation ( TDC), down 2.3% and China Telecom ( CHA), down 1.8%.

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 $0.43 (0.7%) to $65.39 on average volume. Thus far, 1.7 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 $64.94-$65.60 after having opened the day at $64.94 as compared to the previous trading day's close of $64.96.

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 $46.4 billion and is part of the electronics industry. Shares are up 22.6% year to date as of the close of trading on Monday. 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, Yahoo ( YHOO) is up $1.19 (3.9%) to $31.45 on heavy volume. Thus far, 12.5 million shares of Yahoo exchanged hands as compared to its average daily volume of 16.6 million shares. The stock has ranged in price between $30.54-$31.47 after having opened the day at $30.55 as compared to the previous trading day's close of $30.26.

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 $31.6 billion and is part of the internet industry. Shares are up 55.4% year to date as of the close of trading on Monday. 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.

3. As of noon trading, eBay ( EBAY) is up $0.58 (1.1%) to $55.34 on light volume. Thus far, 3.3 million shares of eBay exchanged hands as compared to its average daily volume of 9.6 million shares. The stock has ranged in price between $54.64-$55.42 after having opened the day at $55.00 as compared to the previous trading day's close of $54.76.

eBay Inc. provides online platforms, tools, and services to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. eBay has a market cap of $71.1 billion and is part of the retail industry. Shares are up 7.8% year to date as of the close of trading on Monday. Currently there are 24 analysts that rate eBay a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates eBay 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, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full eBay 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, Baidu ( BIDU) is up $3.28 (2.2%) to $152.54 on heavy volume. Thus far, 3.3 million shares of Baidu exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $147.03-$154.72 after having opened the day at $149.12 as compared to the previous trading day's close of $149.26.

Baidu, Inc. provides Chinese language Internet search services. It also offers a Chinese language search platform for businesses to reach their customers. Baidu has a market cap of $51.2 billion and is part of the internet industry. Shares are up 45.8% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Baidu a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Baidu 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, Facebook Inc Class A ( FB) is up $1.84 (3.9%) to $49.03 on heavy volume. Thus far, 78.2 million shares of Facebook Inc Class A exchanged hands as compared to its average daily volume of 63.6 million shares. The stock has ranged in price between $48.37-$49.66 after having opened the day at $48.50 as compared to the previous trading day's close of $47.19.

Facebook, Inc. operates as a social networking company worldwide. It builds various tools that enable users to connect, share, discover, and communicate with each other on mobile devices and computers. Facebook Inc Class A has a market cap of $86.3 billion and is part of the internet industry. Shares are up 78.4% year to date as of the close of trading on Monday. Currently there are 27 analysts that rate Facebook Inc Class A a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Facebook Inc Class A as a hold. 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 and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Facebook Inc Class A 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).
null

If you liked this article you might like

Emerson Electric, S&P Global, Ball Corp.: 'Mad Money' Lightning Round

Emerson Electric, S&P Global, Ball Corp.: 'Mad Money' Lightning Round

Don't Fall for the Downward Bias: Cramer's 'Mad Money' Recap (Thursday, 2/1/18)

Don't Fall for the Downward Bias: Cramer's 'Mad Money' Recap (Thursday, 2/1/18)

The S&P 500 Has Gone Parabolic, So Hurry Up and Buy These 22 Stocks

The S&P 500 Has Gone Parabolic, So Hurry Up and Buy These 22 Stocks

Emerson Electric Likely to Trade Sideways

Emerson Electric Likely to Trade Sideways

Cramer: Lessons From the Market and ICR

Cramer: Lessons From the Market and ICR