5 Technology Stocks Moving The Sector Upward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.3%) at 16,357 as of Wednesday, Jan. 22, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,698 issues advancing vs. 1,213 declining with 185 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is down 0.1%. Top gainers within the sector include America Movil S.A.B. de C.V ( AMOV), up 6.2%, Cerner Corporation ( CERN), up 2.9%, China Telecom ( CHA), up 2.4%, China Unicom (Hong Kong ( CHU), up 1.9% and Apple ( AAPL), up 1.2%. On the negative front, top decliners within the sector include ABB ( ABB), down 4.1%, International Business Machines ( IBM), down 3.8%, Telefonica ( TEF), down 1.6%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.2% and Amazon.com ( AMZN), down 1.0%.

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

5. ASML ( ASML) is one of the companies pushing the Technology sector higher today. As of noon trading, ASML is up $4.20 (4.8%) to $91.35 on heavy volume. Thus far, 2.3 million shares of ASML exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $90.66-$92.29 after having opened the day at $91.43 as compared to the previous trading day's close of $87.15.

ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide. ASML has a market cap of $37.4 billion and is part of the electronics industry. Shares are down 7.0% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate ASML a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates ASML 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, solid stock price performance, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full ASML Ratings Report now.

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