4 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 16,165 as of Thursday, Dec. 19, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,090 issues advancing vs. 1,843 declining with 148 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Oracle Corporation ( ORCL), up 4.8%, Accenture PLC Class A ( ACN), up 4.3%, Thomson Reuters Corporation ( TRI), up 2.1%, Hewlett-Packard ( HPQ), up 1.9% and ABB ( ABB), up 1.0%. On the negative front, top decliners within the sector include CenturyLink ( CTL), down 3.5%, Facebook Inc Class A ( FB), down 2.3%, Texas Instruments ( TXN), down 1.4%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.0% and China Telecom ( CHA), down 1.0%.

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

4. Wipro ( WIT) is one of the companies pushing the Technology sector higher today. As of noon trading, Wipro is up $0.17 (1.4%) to $12.13 on light volume. Thus far, 66,014 shares of Wipro exchanged hands as compared to its average daily volume of 738,000 shares. The stock has ranged in price between $11.94-$12.15 after having opened the day at $12.00 as compared to the previous trading day's close of $11.96.

Wipro Limited provides information technology (IT) products and services worldwide. It operates in two segments, IT Services and IT Products. Wipro has a market cap of $29.0 billion and is part of the computer software & services industry. The company has a P/E ratio of 25.6, 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 no analysts that rate Wipro a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Wipro as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Wipro 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, IAC/InterActiveCorp ( IACI) is up $9.52 (15.8%) to $69.61 on heavy volume. Thus far, 4.0 million shares of IAC/InterActiveCorp exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $63.75-$70.44 after having opened the day at $64.10 as compared to the previous trading day's close of $60.09.

IAC/InterActiveCorp operates as a media and Internet company in the United States and internationally. IAC/InterActiveCorp has a market cap of $4.6 billion and is part of the internet industry. The company has a P/E ratio of 20.7, 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 7 analysts that rate IAC/InterActiveCorp a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates IAC/InterActiveCorp as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full IAC/InterActiveCorp 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, Sap ( SAP) is up $1.09 (1.3%) to $83.39 on average volume. Thus far, 800,440 shares of Sap exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $82.60-$83.42 after having opened the day at $82.68 as compared to the previous trading day's close of $82.30.

SAP AG provides enterprise application software and software-related services worldwide. It offers products in applications, analytics, cloud, mobile, and database and technology categories. Sap has a market cap of $97.4 billion and is part of the computer software & services industry. The company has a P/E ratio of 21.8, above the S&P 500 P/E ratio of 17.7. Shares are up 2.4% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Sap a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Sap as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, compelling growth in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Sap 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, EMC Corporation ( EMC) is up $0.32 (1.4%) to $23.93 on average volume. Thus far, 10.0 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 22.2 million shares. The stock has ranged in price between $23.53-$23.94 after having opened the day at $23.55 as compared to the previous trading day's close of $23.61.

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 $48.4 billion and is part of the computer hardware industry. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are down 6.7% year to date as of the close of trading on Wednesday. Currently there are 23 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.

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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