Today's Top Performers In Technology

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 15,897 as of Wednesday, Dec. 18, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,497 issues advancing vs. 1,411 declining with 169 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is unchanged. Top gainers within the sector include Nokia Oyj ( NOK), up 3.3%, Kyocera Corporation ( KYO), up 2.8%, Automatic Data Processing ( ADP), up 1.4%, China Unicom (Hong Kong ( CHU), up 1.3% and Intel ( INTC), up 1.2%. On the negative front, top decliners within the sector include Jabil Circuit ( JBL), down 21.4%, Micron Technology ( MU), down 8.4%, LinkedIn ( LNKD), down 5.4%, Telefonica Brasil S.A ( VIV), down 2.2% and Hewlett-Packard ( HPQ), down 1.8%.

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

5. ABB ( ABB) is one of the companies pushing the Technology sector higher today. As of noon trading, ABB is up $0.31 (1.2%) to $25.14 on average volume. Thus far, 570,051 shares of ABB exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $25.13-$25.25 after having opened the day at $25.23 as compared to the previous trading day's close of $24.83.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $57.2 billion and is part of the industrial industry. The company has a P/E ratio of 21.1, above 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 Tuesday. Currently there are 4 analysts that rate ABB a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full ABB Ratings Report now.

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