5 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 56 points (-0.3%) at 15,939 as of Wednesday, Feb. 12, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,598 issues advancing vs. 1,323 declining with 154 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Automatic Data Processing ( ADP), up 1.4%, Micron Technology ( MU), up 1.4%, Hewlett-Packard ( HPQ), up 1.0%, America Movil S.A.B. de C.V ( AMOV), up 1.2% and Cognizant Technology Solutions Corporation ( CTSH), up 1.0%. On the negative front, top decliners within the sector include Amazon.com ( AMZN), down 3.2%, ASML ( ASML), down 1.6%, America Movil S.A.B. de C.V ( AMX), down 0.9%, Telefonica ( TEF), down 0.7% and Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 0.5%.

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

5. Trimble Navigation ( TRMB) is one of the companies pushing the Technology sector higher today. As of noon trading, Trimble Navigation is up $3.99 (12.2%) to $36.61 on heavy volume. Thus far, 3.7 million shares of Trimble Navigation exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $34.36-$37.42 after having opened the day at $34.61 as compared to the previous trading day's close of $32.62.

Trimble Navigation Limited designs and distributes positioning products and applications enabled by global positioning system (GPS), optical, laser, and wireless communications technology. Trimble Navigation has a market cap of $8.3 billion and is part of the electronics industry. Shares are down 6.0% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate Trimble Navigation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Trimble Navigation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Trimble Navigation 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, Catamaran ( CTRX) is up $1.48 (3.0%) to $50.71 on light volume. Thus far, 572,153 shares of Catamaran exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $49.53-$51.70 after having opened the day at $51.70 as compared to the previous trading day's close of $49.23.

Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefits management industry in North America. The company operates in two segments: PBM and HCIT. Catamaran has a market cap of $10.0 billion and is part of the health services industry. Shares are up 2.6% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts who rate Catamaran a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Catamaran 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, compelling growth in net income, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Catamaran 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, TripAdvisor ( TRIP) is up $6.61 (7.8%) to $90.81 on heavy volume. Thus far, 5.5 million shares of TripAdvisor exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $87.60-$91.49 after having opened the day at $87.95 as compared to the previous trading day's close of $84.20.

TripAdvisor, Inc., an online travel company, enables travelers to plan and have the perfect trip. It offers advice from real travelers and various travel choices and planning features with seamless links to booking tools. TripAdvisor has a market cap of $10.9 billion and is part of the internet industry. Shares are up 1.6% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate TripAdvisor a buy, 3 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates TripAdvisor as a buy. 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, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full TripAdvisor 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, Western Digital Corporation ( WDC) is up $1.59 (1.9%) to $86.46 on light volume. Thus far, 636,049 shares of Western Digital Corporation exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $84.91-$86.81 after having opened the day at $85.02 as compared to the previous trading day's close of $84.87.

Western Digital Corporation, through its subsidiaries, develops, manufactures, and sells storage products and solutions that enable people to create, manage, experience, and preserve digital content. Western Digital Corporation has a market cap of $20.0 billion and is part of the computer hardware industry. Shares are up 1.2% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate Western Digital Corporation a buy, 1 analyst rates it a sell, and 4 rate it a hold.

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

1. As of noon trading, Adobe Systems ( ADBE) is up $0.73 (1.1%) to $64.70 on light volume. Thus far, 1.2 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $64.09-$64.73 after having opened the day at $64.21 as compared to the previous trading day's close of $63.97.

Adobe Systems Incorporated operates as a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. Adobe Systems has a market cap of $31.7 billion and is part of the computer software & services industry. Shares are up 6.8% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate Adobe Systems a buy, no analysts rate it a sell, and 5 rate it a hold.

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