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.

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