5 Technology Stocks On The Rise

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 65 points (-0.4%) at 16,380 as of Friday, Jan. 10, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,832 issues advancing vs. 1,123 declining with 123 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 Telekomunikasi Indonesia (Persero) Tbk ( TLK), up 4.7%, Wipro ( WIT), up 2.5%, America Movil S.A.B. de C.V ( AMOV), up 2.4%, America Movil S.A.B. de C.V ( AMX), up 2.1% and NTT DoCoMo ( DCM), up 1.9%. On the negative front, top decliners within the sector include eBay ( EBAY), down 1.6%, Amazon.com ( AMZN), down 1.2%, Texas Instruments ( TXN), down 0.7% and Hewlett-Packard ( HPQ), down 0.7%.

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

5. Infosys ( INFY) is one of the companies pushing the Technology sector higher today. As of noon trading, Infosys is up $2.96 (5.3%) to $59.11 on heavy volume. Thus far, 2.8 million shares of Infosys exchanged hands as compared to its average daily volume of 998,300 shares. The stock has ranged in price between $57.50-$59.52 after having opened the day at $57.84 as compared to the previous trading day's close of $56.15.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $31.9 billion and is part of the computer software & services industry. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7. Shares are down 0.8% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate Infosys a buy, 1 analyst rates it a sell, and 6 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.

4. As of noon trading, SunEdison ( SUNE) is up $6.13 (76.0%) to $14.20 on light volume. Thus far, 3.6 million shares of SunEdison exchanged hands as compared to its average daily volume of 9.7 million shares. The stock has ranged in price between $14.13-$14.64 after having opened the day at $14.53 as compared to the previous trading day's close of $8.07.

SunEdison, Inc. develops, manufactures, and sells silicon wafers. The company is also involved in developing and selling photovoltaic energy solutions. It operates in two segments, Semiconductor Materials and Solar Energy. SunEdison has a market cap of $4.0 billion and is part of the electronics industry. Currently there are 6 analysts who rate SunEdison a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates SunEdison as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. 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 SunEdison 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, Taiwan Semiconductor Manufacturing ( TSM) is up $0.20 (1.2%) to $16.96 on average volume. Thus far, 4.1 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 9.9 million shares. The stock has ranged in price between $16.84-$17.01 after having opened the day at $16.84 as compared to the previous trading day's close of $16.76.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $88.6 billion and is part of the electronics industry. The company has a P/E ratio of 16.3, below the S&P 500 P/E ratio of 17.7. Shares are down 3.9% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing 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, notable return on equity, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Taiwan Semiconductor Manufacturing 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, Nokia Oyj ( NOK) is up $0.11 (1.4%) to $8.16 on average volume. Thus far, 11.0 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 26.2 million shares. The stock has ranged in price between $8.12-$8.20 after having opened the day at $8.17 as compared to the previous trading day's close of $8.05.

Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. Nokia Oyj has a market cap of $30.4 billion and is part of the telecommunications industry. Shares are down 0.7% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts who rate Nokia Oyj a buy, no analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and good cash flow from operations. 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 Nokia Oyj 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, Intel ( INTC) is up $0.30 (1.2%) to $25.61 on average volume. Thus far, 13.9 million shares of Intel exchanged hands as compared to its average daily volume of 31.3 million shares. The stock has ranged in price between $25.50-$25.85 after having opened the day at $25.50 as compared to the previous trading day's close of $25.31.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $126.4 billion and is part of the electronics industry. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Intel a buy, 4 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Intel 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, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Intel 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 5 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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