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3 Technology Stocks Pushing The 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 up today with the Dow Jones Industrial Average (^DJI) trading up 8 points (0.0%) at 16,964 as of Wednesday, July 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,180 issues advancing vs. 1,847 declining with 143 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is unchanged. Top gainers within the sector include Shutterfly (SFLY), up 13.7%, Rackspace Hosting (RAX), up 8.0%, Alcatel-Lucent (ALU), up 4.1%, Qihoo 360 Technology (QIHU), up 4.1% and China Telecom (CHA), up 3.7%. On the negative front, top decliners within the sector include Tim Participacoes (TSU), down 2.6%, Telecom Italia SpA (TI), down 2.2%, Telecom Italia SpA (TI.A), down 1.8%, TELUS (TU), down 1.5% and CenturyLink (CTL), down 1.5%.

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

3. Yahoo (YHOO) is one of the companies pushing the Technology sector higher today. As of noon trading, Yahoo is up $0.48 (1.4%) to $35.83 on average volume. Thus far, 9.7 million shares of Yahoo exchanged hands as compared to its average daily volume of 21.6 million shares. The stock has ranged in price between $35.40-$35.83 after having opened the day at $35.62 as compared to the previous trading day's close of $35.35.

Yahoo! Inc. operates as a technology company worldwide. Yahoo has a market cap of $35.4 billion and is part of the internet industry. Shares are down 12.6% year-to-date as of the close of trading on Tuesday. Currently there are 18 analysts who rate Yahoo a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins 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 Yahoo 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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