5 Stocks Pushing 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 80 points (0.5%) at 15,453 as of Tuesday, Feb. 4, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,024 issues advancing vs. 894 declining with 170 unchanged.

The Technology sector currently sits up 0.8% versus the S&P 500, which is up 0.7%. Top gainers within the sector include Alcatel-Lucent ( ALU), up 6.8%, America Movil S.A.B. de C.V ( AMOV), up 4.0%, Salesforce.com ( CRM), up 3.8%, America Movil S.A.B. de C.V ( AMX), up 3.6% and Mobile Telesystems OJSC ( MBT), up 3.3%. On the negative front, top decliners within the sector include Dun & Bradstreet Corporation ( DNB), down 9.1%, NTT DoCoMo ( DCM), down 2.2% and Emerson Electric ( EMR), down 1.1%.

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

5. Yahoo ( YHOO) is one of the companies pushing the Technology sector higher today. As of noon trading, Yahoo is up $0.53 (1.5%) to $35.43 on average volume. Thus far, 8.5 million shares of Yahoo exchanged hands as compared to its average daily volume of 17.6 million shares. The stock has ranged in price between $34.86-$35.47 after having opened the day at $35.11 as compared to the previous trading day's close of $34.90.

Yahoo! Inc., a technology company, provides search, content, and communication tools on the Web and on mobile devices worldwide. Yahoo has a market cap of $36.5 billion and is part of the internet industry. The company has a P/E ratio of 23.7, above the S&P 500 P/E ratio of 17.7. Shares are down 13.7% year-to-date as of the close of trading on Monday. Currently there are 14 analysts who rate Yahoo a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Yahoo Ratings Report now.

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