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.

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