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.

One out of the three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading down 2 points (0.0%) at 17,750 as of Thursday, July 30, 2015, 1:05 PM ET. The NYSE advances/declines ratio sits at 1,461 issues advancing vs. 1,490 declining with 187 unchanged.

The Technology sector currently sits up 0.5% versus the S&P 500, which is unchanged. Top gainers within the sector include

Open Text

(

OTEX

), up 19.6%,

Western Digital

(

WDC

), up 10.2%,

Nokia Oyj

(

NOK

), up 5.8%,

NXP Semiconductors

(

NXPI

), up 6.0% and

T-Mobile US

(

TMUS

), up 5.2%. On the negative front, top decliners within the sector include

Qorvo

(

QRVO

), down 16.1%,

NCR

(

NCR

), down 10.5%,

SK Telecom

(

SKM

), down 3.9%,

Vipshop Holdings Ltd ADR A

(

VIPS

), down 3.0% and

Telefonica Brasil

(

VIV

), down 3.1%.

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

3.

Taiwan Semiconductor Manufacturing

(

TSM

) is one of the companies pushing the Technology sector higher today. As of noon trading, Taiwan Semiconductor Manufacturing is up $0.53 (2.4%) to $22.64 on heavy volume. Thus far, 9.2 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11.6 million shares. The stock has ranged in price between $22.19-$22.72 after having opened the day at $22.27 as compared to the previous trading day's close of $22.11.

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Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $113.5 billion and is part of the electronics industry. Shares are down 1.2% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Taiwan Semiconductor Manufacturing a buy, 2 analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates

Taiwan Semiconductor Manufacturing

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full

Taiwan Semiconductor Manufacturing Ratings Report

now.

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2. As of noon trading,

Hewlett-Packard

(

HPQ

) is up $0.20 (0.6%) to $30.50 on light volume. Thus far, 3.7 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 11.8 million shares. The stock has ranged in price between $30.08-$30.58 after having opened the day at $30.22 as compared to the previous trading day's close of $30.30.

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Hewlett-Packard Company, together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $54.7 billion and is part of the computer hardware industry. Shares are down 24.5% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate Hewlett-Packard a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates

Hewlett-Packard

as a

buy

. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Hewlett-Packard Ratings Report

now.

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1. As of noon trading,

Baidu

(

BIDU

) is up $4.18 (2.5%) to $174.19 on heavy volume. Thus far, 4.3 million shares of Baidu exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $171.34-$175.01 after having opened the day at $172.50 as compared to the previous trading day's close of $170.01.

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Baidu, Inc. provides Internet search services in China and internationally. Baidu has a market cap of $59.0 billion and is part of the internet industry. Shares are down 25.4% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who rate Baidu a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates

Baidu

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full

Baidu Ratings Report

now.

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If you are interested in one of these 3 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

).