4 Technology Stocks Moving The Sector Upward

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 14 points (0.1%) at 16,456 as of Friday, Jan. 3, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,181 declining with 172 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is unchanged. Top gainers within the sector include Portugal Telecom ( PT), up 0.0%, Telecom Italia SpA ( TI), up 1.4%, Tim Participacoes SA ADR ( TSU), up 0.4%, Telecom Italia SpA ( TI.A), up 0.3% and Telefonica Brasil S.A ( VIV), up 0.0%. On the negative front, top decliners within the sector include VimpelCom ( VIP), down 1.0%, Micron Technology ( MU), down 2.1%, Verizon Communications ( VZ), down 0.0%, China Telecom ( CHA), down 0.8% and China Unicom (Hong Kong ( CHU), down 0.3%.

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

4. Infosys ( INFY) is one of the companies pushing the Technology sector higher today. As of noon trading, Infosys is up $0.06 (0.1%) to $56.60 on light volume. Thus far, 361,060 shares of Infosys exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $56.49-$56.90 after having opened the day at $56.70 as compared to the previous trading day's close of $56.54.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $33.3 billion and is part of the computer software & services industry. Shares are up 37.7% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Infosys a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Infosys 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, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Infosys 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, Automatic Data Processing ( ADP) is up -$0.28 (0.3%) to $80.80 on average volume. Thus far, 1.1 million shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $80.65-$81.55 after having opened the day at $81.24 as compared to the previous trading day's close of $81.08.

Automatic Data Processing, Inc., together with its subsidiaries, provides technology-based outsourcing solutions to employers and vehicle retailers and manufacturers worldwide. Automatic Data Processing has a market cap of $38.9 billion and is part of the computer software & services industry. Shares are up 42.4% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Automatic Data Processing a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Automatic Data Processing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, growth in earnings per share and solid stock price performance. 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 Automatic Data Processing 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, Hewlett-Packard ( HPQ) is up -$0.09 (0.3%) to $27.98 on average volume. Thus far, 9.9 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 16.0 million shares. The stock has ranged in price between $27.83-$28.30 after having opened the day at $27.94 as compared to the previous trading day's close of $28.07.

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 $54.2 billion and is part of the computer hardware industry. Shares are up 97.0% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Hewlett-Packard a buy, 3 analysts rate it a sell, and 12 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, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and generally higher debt management risk. 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.

1. As of noon trading, Yahoo ( YHOO) is up $0.24 (0.6%) to $40.44 on average volume. Thus far, 8.2 million shares of Yahoo exchanged hands as compared to its average daily volume of 19.1 million shares. The stock has ranged in price between $40.00-$40.50 after having opened the day at $40.17 as compared to the previous trading day's close of $40.20.

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 $41.1 billion and is part of the internet industry. Shares are up 102.0% 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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