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.

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, AOL ( AOL) is up $3.02 (6.4%) to $50.27 on heavy volume. Thus far, 1.4 million shares of AOL exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $48.38-$50.42 after having opened the day at $48.65 as compared to the previous trading day's close of $47.25.

AOL Inc., a Web services brand company, offers a suite of online content, products, and services to consumers, advertisers, publishers, and subscribers worldwide. AOL has a market cap of $3.8 billion and is part of the internet industry. The company has a P/E ratio of 38.0, above the S&P 500 P/E ratio of 17.7. Shares are up 1.4% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts who rate AOL a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates AOL as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full AOL 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, Splunk ( SPLK) is up $3.68 (4.8%) to $79.66 on heavy volume. Thus far, 1.1 million shares of Splunk exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $77.00-$81.03 after having opened the day at $77.15 as compared to the previous trading day's close of $75.99.

Splunk, Inc. provides software solutions that provide real-time operational intelligence. Splunk has a market cap of $8.0 billion and is part of the computer software & services industry. Shares are up 10.7% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts who rate Splunk a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Splunk as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share. Get the full Splunk 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, SunPower Corporation ( SPWR) is up $2.10 (6.6%) to $33.97 on heavy volume. Thus far, 3.1 million shares of SunPower Corporation exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $32.36-$34.32 after having opened the day at $32.89 as compared to the previous trading day's close of $31.87.

SunPower Corporation, an integrated solar products and solutions company, designs, manufactures, and delivers solar electric systems for residential, commercial, and utility-scale power plant customers worldwide. SunPower Corporation has a market cap of $3.9 billion and is part of the electronics industry. Shares are up 6.9% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts who rate SunPower Corporation a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates SunPower Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full SunPower 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.

1. As of noon trading, LinkedIn ( LNKD) is up $12.39 (5.7%) to $228.39 on heavy volume. Thus far, 1.7 million shares of LinkedIn exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $217.32-$228.50 after having opened the day at $217.53 as compared to the previous trading day's close of $216.00.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $22.0 billion and is part of the internet industry. The company has a P/E ratio of 720.7, above the S&P 500 P/E ratio of 17.7. Shares are down 0.4% year-to-date as of the close of trading on Wednesday. Currently there are 15 analysts who rate LinkedIn a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates LinkedIn as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and disappointing return on equity. Get the full LinkedIn 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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