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.

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, AT&T ( T) is up $0.31 (1.0%) to $32.26 on average volume. Thus far, 13.7 million shares of AT&T exchanged hands as compared to its average daily volume of 23.1 million shares. The stock has ranged in price between $32.00-$32.39 after having opened the day at $32.08 as compared to the previous trading day's close of $31.95.

AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. The company operates through Wireless, Wireline, and Other segments. AT&T has a market cap of $175.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 9.8, below the S&P 500 P/E ratio of 17.7. Shares are down 9.1% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate AT&T a buy, 1 analyst rates it a sell, and 18 rate it a hold.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full AT&T 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, Google ( GOOG) is up $15.85 (1.4%) to $1,149.28 on heavy volume. Thus far, 1.4 million shares of Google exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $1,137.01-$1,155.00 after having opened the day at $1,137.99 as compared to the previous trading day's close of $1,133.43.

Google Inc., a technology company, builds products and provides services to organize the information and make it universally accessible and useful. Google has a market cap of $326.8 billion and is part of the internet industry. The company has a P/E ratio of 33.9, above the S&P 500 P/E ratio of 17.7. Shares are up 5.4% year-to-date as of the close of trading on Monday. Currently there are 26 analysts who rate Google a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Google as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Google 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, Facebook Inc Class A ( FB) is up $1.50 (2.4%) to $62.98 on light volume. Thus far, 22.7 million shares of Facebook Inc Class A exchanged hands as compared to its average daily volume of 66.9 million shares. The stock has ranged in price between $61.82-$63.14 after having opened the day at $62.05 as compared to the previous trading day's close of $61.48.

Facebook, Inc. operates as a social networking company worldwide. It builds various tools that enable users to connect, share, discover, and communicate with each other on mobile devices and computers. Facebook Inc Class A has a market cap of $117.6 billion and is part of the internet industry. The company has a P/E ratio of 104.3, above the S&P 500 P/E ratio of 17.7. Shares are up 12.5% year-to-date as of the close of trading on Monday. Currently there are 31 analysts who rate Facebook Inc Class A a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Facebook Inc Class A as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Facebook Inc Class A 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, Apple ( AAPL) is up $6.59 (1.3%) to $508.12 on average volume. Thus far, 6.5 million shares of Apple exchanged hands as compared to its average daily volume of 12.2 million shares. The stock has ranged in price between $502.76-$508.41 after having opened the day at $505.85 as compared to the previous trading day's close of $501.53.

Apple Inc. and its wholly-owned subsidiaries design, manufacture, and market mobile communication and media devices, personal computers, and portable digital music players worldwide. Apple has a market cap of $446.5 billion and is part of the consumer durables industry. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are down 10.6% year-to-date as of the close of trading on Monday. Currently there are 27 analysts who rate Apple a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Apple 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, expanding profit margins, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Apple 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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