5 Technology Stocks Pushing The 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 71 points (-0.4%) at 16,411 as of Thursday, Jan. 16, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,418 issues advancing vs. 1,488 declining with 174 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is down 0.3%. Top gainers within the sector include SolarCity ( SCTY), up 9.5%, CommVault Systems ( CVLT), up 7.1%, Wipro ( WIT), up 5.2%, 3D Systems Corporation ( DDD), up 3.4% and CGI Group ( GIB), up 2.7%. On the negative front, top decliners within the sector include ASML ( ASML), down 4.5%, Alcatel-Lucent ( ALU), down 2.8%, China Unicom (Hong Kong ( CHU), down 2.2%, Mobile Telesystems OJSC ( MBT), down 1.5% and Micron Technology ( MU), down 1.4%.

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 $0.59 (1.0%) to $60.58 on heavy volume. Thus far, 840,299 shares of Infosys exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $60.42-$60.75 after having opened the day at $60.58 as compared to the previous trading day's close of $59.99.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $34.6 billion and is part of the computer software & services industry. The company has a P/E ratio of 20.2, above the S&P 500 P/E ratio of 17.7. Shares are up 6.0% year-to-date as of the close of trading on Wednesday. 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, solid stock price performance and good cash flow from operations. 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.

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