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3 Stocks Boosting 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 37 points (-0.2%) at 16,809 as of Friday, June 27, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,843 issues advancing vs. 1,114 declining with 177 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 Vipshop Holdings ( VIPS), up 3.6%, America Movil SAB de CV ( AMOV), up 3.1%, Wipro ( WIT), up 2.6%, Activision Blizzard ( ATVI), up 2.2% and Yahoo ( YHOO), up 2.0%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI.A), down 1.5%, China Unicom (Hong Kong ( CHU), down 1.3%, Micron Technology ( MU), down 1.2%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.1% and CenturyLink ( CTL), down 1.0%.

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

3. Oracle Corporation ( ORCL) is one of the companies pushing the Technology sector higher today. As of noon trading, Oracle Corporation is up $0.32 (0.8%) to $40.47 on light volume. Thus far, 4.8 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 16.0 million shares. The stock has ranged in price between $40.03-$40.56 after having opened the day at $40.19 as compared to the previous trading day's close of $40.15.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $180.4 billion and is part of the computer software & services industry. Shares are up 4.9% year-to-date as of the close of trading on Thursday. Currently there are 16 analysts who rate Oracle Corporation a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Oracle Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Oracle 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.

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