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TheStreet Open House
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Today's Stocks Driving Success For The Technology Sector

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 up today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 16,578 as of Thursday, May 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,778 issues advancing vs. 1,187 declining with 180 unchanged.

The Technology sector currently sits up 0.8% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Catamaran ( CTRX), up 12.2%, 3D Systems ( DDD), up 7.5%, Vipshop Holdings ( VIPS), up 6.4%, Gartner ( IT), up 6.5% and Qihoo 360 Technology ( QIHU), up 5.7%. On the negative front, top decliners within the sector include JDS Uniphase Corp (CA ( JDSU), down 13.2%, Ansys ( ANSS), down 3.9%, Motorola Solutions ( MSI), down 3.5%, China Telecom ( CHA), down 1.7% and China Unicom (Hong Kong ( CHU), down 1.4%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. Yelp ( YELP) is one of the companies pushing the Technology sector higher today. As of noon trading, Yelp is up $7.23 (12.4%) to $65.55 on heavy volume. Thus far, 14.4 million shares of Yelp exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $61.70-$66.69 after having opened the day at $63.25 as compared to the previous trading day's close of $58.32.

Yelp Inc. operates as an online local guide that connects people primarily with boutiques, mechanics, restaurants, and dentists. Yelp has a market cap of $3.6 billion and is part of the internet industry. Shares are down 15.4% year-to-date as of the close of trading on Wednesday. Currently there are 19 analysts who rate Yelp a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Yelp as a sell. The area that we feel has been the company's primary weakness has been its disappointing return on equity. Get the full Yelp 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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