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 92 points (0.6%) at 15,993 as of Thursday, Nov. 21, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 2,118 issues advancing vs. 784 declining with 108 unchanged.

The Technology sector currently sits up 0.9% versus the S&P 500, which is up 0.6%. Top gainers within the sector include 3D Systems Corporation ( DDD), up 5.0%, Micron Technology ( MU), up 4.8%, Yandex ( YNDX), up 4.0%, TE Connectivity ( TEL), up 2.6% and Yahoo ( YHOO), up 2.3%. On the negative front, top decliners within the sector include Taiwan Semiconductor Manufacturing ( TSM), down 2.5%, China Telecom ( CHA), down 1.2% and Wipro ( WIT), 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 $0.45 (0.7%) to $67.54 on light volume. Thus far, 728,194 shares of Emerson Electric exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $67.19-$67.70 after having opened the day at $67.26 as compared to the previous trading day's close of $67.09.

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 $48.1 billion and is part of the industrial industry. The company has a P/E ratio of 24.4, above the S&P 500 P/E ratio of 17.7. Shares are up 27.2% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 15 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 growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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, Texas Instruments ( TXN) is up $0.34 (0.8%) to $42.27 on light volume. Thus far, 1.2 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 6.1 million shares. The stock has ranged in price between $42.01-$42.37 after having opened the day at $42.08 as compared to the previous trading day's close of $41.93.

Texas Instruments Incorporated engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. The company operates in four segments: Analog, Embedded Processing, Wireless, and Other. Texas Instruments has a market cap of $46.1 billion and is part of the electronics industry. The company has a P/E ratio of 24.9, above the S&P 500 P/E ratio of 17.7. Shares are up 36.5% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Texas Instruments a buy, 2 analysts rate it a sell, and 18 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, 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 sub par growth in net income. Get the full Texas Instruments 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, LinkedIn ( LNKD) is up $3.72 (1.7%) to $219.91 on light volume. Thus far, 368,137 shares of LinkedIn exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $216.17-$220.48 after having opened the day at $217.12 as compared to the previous trading day's close of $216.19.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $22.5 billion and is part of the internet industry. The company has a P/E ratio of 737.9, above the S&P 500 P/E ratio of 17.7. Shares are up 92.8% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates LinkedIn as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and disappointing return on equity. Get the full LinkedIn 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, Intel ( INTC) is up $0.22 (0.9%) to $24.78 on light volume. Thus far, 8.9 million shares of Intel exchanged hands as compared to its average daily volume of 31.6 million shares. The stock has ranged in price between $24.52-$24.81 after having opened the day at $24.61 as compared to the previous trading day's close of $24.56.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $122.8 billion and is part of the electronics industry. The company has a P/E ratio of 13.3, below the S&P 500 P/E ratio of 17.7. Shares are up 19.8% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Intel a buy, 4 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Intel 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, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Intel 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, Google ( GOOG) is up $8.99 (0.9%) to $1,031.30 on light volume. Thus far, 412,093 shares of Google exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $1,026.00-$1,032.83 after having opened the day at $1,027.00 as compared to the previous trading day's close of $1,022.31.

Google Inc., a technology company, builds products and provides services to organize the information and make it universally accessible and useful. Google has a market cap of $283.7 billion and is part of the internet industry. The company has a P/E ratio of 29.4, above the S&P 500 P/E ratio of 17.7. Shares are up 44.9% year to date as of the close of trading on Wednesday. Currently there are 23 analysts that rate Google a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Google 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, solid stock price performance, growth in earnings per share and compelling growth in net income. 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 Google 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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