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3 Stocks Improving Performance Of 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 146 points (0.9%) at 16,972 as of Tuesday, July 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,159 issues advancing vs. 828 declining with 170 unchanged.

The Technology sector currently sits up 1.3% versus the S&P 500, which is up 0.8%. Top gainers within the sector include 3D Systems ( DDD), up 13.1%, Stratasys ( SSYS), up 10.9%, Micron Technology ( MU), up 4.2%, Seagate Technology ( STX), up 3.8% and SK Telecom ( SKM), up 3.7%. A company within the sector that fell today was Tim Participacoes ( TSU), up 2.9%.

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

3. Amazon.com ( AMZN) is one of the companies pushing the Technology sector higher today. As of noon trading, Amazon.com is up $7.11 (2.2%) to $331.89 on light volume. Thus far, 1.7 million shares of Amazon.com exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $325.10-$332.32 after having opened the day at $325.86 as compared to the previous trading day's close of $324.78.

Amazon.com, Inc. operates as an online retailer in North America and internationally. The company operates in two segments, North America and International. Amazon.com has a market cap of $149.4 billion and is part of the retail industry. Shares are down 18.6% year-to-date as of the close of trading on Monday. Currently there are 25 analysts who rate Amazon.com a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Amazon.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. Get the full Amazon.com 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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