4 Technology Stocks Pushing The 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 34 points (-0.2%) at 15,991 as of Tuesday, Dec. 10, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,637 declining with 176 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.2%. Top gainers within the sector include STMicroelectronics ( STM), up 4.7%, Baidu ( BIDU), up 4.3%, 3D Systems Corporation ( DDD), up 4.2%, Telecom Italia SpA ( TI), up 3.4% and Telecom Italia SpA ( TI.A), up 3.3%. On the negative front, top decliners within the sector include China Unicom (Hong Kong ( CHU), down 1.6%, Microsoft Corporation ( MSFT), down 1.4%, China Telecom ( CHA), down 1.4%, Hewlett-Packard ( HPQ), down 0.8% and America Movil S.A.B. de C.V ( AMOV), down 0.8%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. Telefonica ( TEF) is one of the companies pushing the Technology sector higher today. As of noon trading, Telefonica is up $0.09 (0.6%) to $15.79 on light volume. Thus far, 241,509 shares of Telefonica exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $15.79-$15.88 after having opened the day at $15.80 as compared to the previous trading day's close of $15.70.

Telefonica, S.A. provides fixed and mobile communication services primarily in Europe and Latin America. The company offers mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services, as well as mobile payment solutions. Telefonica has a market cap of $71.8 billion and is part of the telecommunications industry. Shares are up 16.4% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Telefonica a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Telefonica as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year 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 Telefonica 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, VimpelCom ( VIP) is up $0.21 (1.8%) to $12.17 on average volume. Thus far, 1.1 million shares of VimpelCom exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $11.90-$12.17 after having opened the day at $11.95 as compared to the previous trading day's close of $11.96.

VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. VimpelCom has a market cap of $19.6 billion and is part of the telecommunications industry. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7. Shares are up 15.0% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate VimpelCom a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates VimpelCom as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and weak operating cash flow. Get the full VimpelCom 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, Salesforce.com ( CRM) is up $0.51 (0.9%) to $54.19 on average volume. Thus far, 1.8 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $53.66-$54.54 after having opened the day at $54.14 as compared to the previous trading day's close of $53.68.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $32.5 billion and is part of the computer software & services industry. Shares are up 28.2% year to date as of the close of trading on Monday. Currently there are 21 analysts that rate Salesforce.com a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Salesforce.com 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, Yahoo ( YHOO) is up $0.91 (2.3%) to $39.78 on average volume. Thus far, 11.2 million shares of Yahoo exchanged hands as compared to its average daily volume of 20.2 million shares. The stock has ranged in price between $38.92-$39.90 after having opened the day at $38.92 as compared to the previous trading day's close of $38.87.

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 $39.4 billion and is part of the internet industry. The company has a P/E ratio of 32.7, above the S&P 500 P/E ratio of 17.7. Shares are up 95.3% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate Yahoo a buy, no analysts rate it a sell, and 12 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, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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.

If you are interested in one of these 4 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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