Technology Stocks On The Rise With Help From 5 Stocks

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 16,095 as of Wednesday, Nov. 27, 2013, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,757 issues advancing vs. 1,109 declining with 149 unchanged.

The Technology sector currently sits up 0.5% versus the S&P 500, which is up 0.3%. Top gainers within the sector include eBay ( EBAY), up 1.8%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), up 1.3%, International Business Machines ( IBM), up 1.2%, Amazon.com ( AMZN), up 1.2% and America Movil S.A.B. de C.V ( AMX), up 1.2%.

TheStreet would like to highlight 5 stocks pushing the sector higher today:

5. Hewlett-Packard ( HPQ) is one of the companies pushing the Technology sector higher today. As of noon trading, Hewlett-Packard is up $1.78 (7.1%) to $26.87 on heavy volume. Thus far, 29.4 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 15.2 million shares. The stock has ranged in price between $26.75-$27.44 after having opened the day at $26.82 as compared to the previous trading day's close of $25.09.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $48.7 billion and is part of the computer hardware industry. Shares are up 77.7% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Hewlett-Packard a buy, 4 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and poor profit margins. Get the full Hewlett-Packard 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, EMC Corporation ( EMC) is up $0.37 (1.6%) to $23.91 on light volume. Thus far, 6.7 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 20.3 million shares. The stock has ranged in price between $23.57-$23.94 after having opened the day at $23.59 as compared to the previous trading day's close of $23.54.

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 $48.9 billion and is part of the computer hardware industry. The company has a P/E ratio of 19.0, above the S&P 500 P/E ratio of 17.7. Shares are down 6.1% year to date as of the close of trading on Tuesday. Currently there are 24 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 3 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, good cash flow from operations, 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.

3. As of noon trading, Microsoft Corporation ( MSFT) is up $0.25 (0.7%) to $37.60 on light volume. Thus far, 9.1 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 48.8 million shares. The stock has ranged in price between $37.49-$37.76 after having opened the day at $37.57 as compared to the previous trading day's close of $37.35.

Microsoft Corporation (Microsoft) develops, licenses, and supports software, services, and hardware devices worldwide. Microsoft Corporation has a market cap of $314.2 billion and is part of the computer software & services industry. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are up 40.9% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Microsoft Corporation a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates Microsoft Corporation 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, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Microsoft 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, Google ( GOOG) is up $6.41 (0.6%) to $1,064.82 on light volume. Thus far, 640,615 shares of Google exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $1,060.03-$1,068.00 after having opened the day at $1,062.03 as compared to the previous trading day's close of $1,058.41.

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 $289.4 billion and is part of the internet industry. The company has a P/E ratio of 30.1, above the S&P 500 P/E ratio of 17.7. Shares are up 47.9% year to date as of the close of trading on Tuesday. 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.

1. As of noon trading, Apple ( AAPL) is up $11.11 (2.1%) to $544.51 on average volume. Thus far, 7.7 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 $536.17-$545.00 after having opened the day at $536.31 as compared to the previous trading day's close of $533.40.

Apple Inc. and its wholly-owned subsidiaries design, manufacture, and market mobile communication and media devices, personal computers, and portable digital music players worldwide. Apple has a market cap of $471.2 billion and is part of the consumer durables industry. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7. Shares are up 0.2% year to date as of the close of trading on Tuesday. Currently there are 31 analysts that rate Apple a buy, no analysts rate it a sell, and 6 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, good cash flow from operations, 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 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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