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.

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