4 Stocks Raising The Technology 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 44 points (-0.3%) at 15,836 as of Monday, Jan. 27, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 751 issues advancing vs. 2,176 declining with 155 unchanged.

The Technology sector currently sits down 1.4% versus the S&P 500, which is down 0.4%. Top gainers within the sector include Telecom Italia SpA ( TI), up 3.2%, and Apple ( AAPL), up 0.7%. On the negative front, top decliners within the sector include 3D Systems Corporation ( DDD), down 6.2%, Yandex ( YNDX), down 5.0%, Xerox Corporation ( XRX), down 3.4%, Telefonica Brasil S.A ( VIV), down 2.5% and Nippon Telegraph & Telephone ( NTT), down 2.4%.

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

4. LM Ericsson Telephone Company ( ERIC) is one of the companies pushing the Technology sector higher today. As of noon trading, LM Ericsson Telephone Company is up $0.36 (3.1%) to $11.90 on average volume. Thus far, 2.7 million shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $11.87-$11.96 after having opened the day at $11.92 as compared to the previous trading day's close of $11.54.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates in four segments: Networks, Global Services, Support Solutions, and ST-Ericsson. LM Ericsson Telephone Company has a market cap of $39.1 billion and is part of the telecommunications industry. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are down 5.7% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate LM Ericsson Telephone Company a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates LM Ericsson Telephone Company as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. Get the full LM Ericsson Telephone Company Ratings Report now.

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3. As of noon trading, Sap ( SAP) is up $0.69 (0.9%) to $78.16 on average volume. Thus far, 416,285 shares of Sap exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $77.65-$78.58 after having opened the day at $78.54 as compared to the previous trading day's close of $77.47.

SAP AG provides enterprise application software and software-related services worldwide. It offers products in applications, analytics, cloud, mobile, and database and technology categories. Sap has a market cap of $95.1 billion and is part of the computer software & services industry. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7. Shares are down 11.1% year-to-date as of the close of trading on Friday. Currently there are 6 analysts who rate Sap a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Sap as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, compelling growth in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Sap 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 $0.44 (1.5%) to $28.93 on light volume. Thus far, 4.8 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 15.4 million shares. The stock has ranged in price between $28.38-$29.09 after having opened the day at $28.53 as compared to the previous trading day's close of $28.49.

Hewlett-Packard Company, together with its subsidiaries, provides 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 $56.1 billion and is part of the computer hardware industry. The company has a P/E ratio of 11.2, below the S&P 500 P/E ratio of 17.7. Shares are up 1.8% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate Hewlett-Packard a buy, 3 analysts rate it a sell, and 11 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 and weak operating cash flow. 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, Verizon Communications ( VZ) is up $0.45 (0.9%) to $48.08 on heavy volume. Thus far, 9.1 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 12.1 million shares. The stock has ranged in price between $47.41-$48.36 after having opened the day at $47.71 as compared to the previous trading day's close of $47.63.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $136.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are down 3.1% year-to-date as of the close of trading on Friday. Currently there are 20 analysts who rate Verizon Communications a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Verizon Communications 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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