5 Technology Stocks On The Rise

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 136 points (0.9%) at 15,938 as of Tuesday, Feb. 11, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,190 issues advancing vs. 719 declining with 175 unchanged.

The Technology sector currently sits up 0.5% versus the S&P 500, which is up 0.8%. Top gainers within the sector include Applied Materials ( AMAT), up 3.2%, CenturyLink ( CTL), up 2.9%, America Movil S.A.B. de C.V ( AMOV), up 2.8%, America Movil S.A.B. de C.V ( AMX), up 2.8% and Sap ( SAP), up 2.4%. A company within the sector that fell today was Amazon.com ( AMZN), up 1.1%.

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

5. Qualcomm ( QCOM) is one of the companies pushing the Technology sector higher today. As of noon trading, Qualcomm is up $0.52 (0.7%) to $75.21 on light volume. Thus far, 3.5 million shares of Qualcomm exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $74.53-$75.36 after having opened the day at $74.81 as compared to the previous trading day's close of $74.69.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies. Qualcomm has a market cap of $125.8 billion and is part of the telecommunications industry. Shares are up 0.2% year-to-date as of the close of trading on Monday. Currently there are 20 analysts who rate Qualcomm a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Qualcomm 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, notable return on equity, 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 sub par growth in net income. Get the full Qualcomm 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 $0.53 (1.6%) to $32.97 on average volume. Thus far, 10.6 million shares of AT&T exchanged hands as compared to its average daily volume of 24.4 million shares. The stock has ranged in price between $32.51-$32.99 after having opened the day at $32.59 as compared to the previous trading day's close of $32.44.

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 $170.2 billion and is part of the telecommunications industry. Shares are down 7.7% 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, Intel ( INTC) is up $0.19 (0.8%) to $24.48 on light volume. Thus far, 6.9 million shares of Intel exchanged hands as compared to its average daily volume of 34.1 million shares. The stock has ranged in price between $24.33-$24.52 after having opened the day at $24.35 as compared to the previous trading day's close of $24.29.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $120.3 billion and is part of the electronics industry. Shares are down 6.7% year-to-date as of the close of trading on Monday. Currently there are 10 analysts who rate Intel a buy, 4 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Intel 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, International Business Machines ( IBM) is up $2.62 (1.5%) to $179.76 on light volume. Thus far, 1.6 million shares of International Business Machines exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $176.80-$179.83 after having opened the day at $176.82 as compared to the previous trading day's close of $177.14.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $192.5 billion and is part of the computer software & services industry. Shares are down 5.6% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate International Business Machines a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full International Business Machines 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, Microsoft Corporation ( MSFT) is up $0.41 (1.1%) to $37.21 on light volume. Thus far, 12.0 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 40.9 million shares. The stock has ranged in price between $36.86-$37.25 after having opened the day at $36.88 as compared to the previous trading day's close of $36.80.

Microsoft Corporation (Microsoft) develops, licenses, and supports software, services, and hardware devices worldwide. Microsoft Corporation has a market cap of $303.5 billion and is part of the computer software & services industry. Shares are down 2.3% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate Microsoft Corporation a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Microsoft Corporation 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, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Microsoft 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.

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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