5 Stocks Driving The Technology Sector Higher

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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.

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