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.

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 114 points (0.6%) at 17,744 as of Wednesday, July 29, 2015, 2:00 PM ET. The NYSE advances/declines ratio sits at 2,136 issues advancing vs. 880 declining with 147 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the sector include

Yelp

(

YELP

), down 27.6%,

Akamai Technologies

(

AKAM

), down 5.1% and

Google

(

GOOG

), down 0.7%. Top gainers within the sector include

VimpelCom

(

VIP

), up 12.1%,

Telefonica Brasil

(

VIV

), up 8.7%,

NTT DoCoMo

(

DCM

), up 5.4%,

Thomson Reuters

(

TRI

), up 3.9% and

Philippine Long Distance Telephone

(

PHI

), up 2.8%.

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

3.

Advanced Semiconductor Engineering

(

ASX

) is one of the companies pushing the Technology sector lower today. As of noon trading, Advanced Semiconductor Engineering is down $0.41 (-7.1%) to $5.34 on heavy volume. Thus far, 1.9 million shares of Advanced Semiconductor Engineering exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $5.32-$5.63 after having opened the day at $5.63 as compared to the previous trading day's close of $5.75.

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Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services in the United States, Taiwan, Asia, Europe, and internationally. It operates through Packaging, Testing, and Electronic Manufacturing Services (EMS) segments. Advanced Semiconductor Engineering has a market cap of $8.8 billion and is part of the electronics industry. Shares are down 6.2% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Advanced Semiconductor Engineering a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Advanced Semiconductor Engineering

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full

Advanced Semiconductor Engineering Ratings Report

now.

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2. As of noon trading,

Level 3 Communications

(

LVLT

) is down $3.69 (-7.0%) to $48.81 on heavy volume. Thus far, 6.1 million shares of Level 3 Communications exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $47.08-$51.78 after having opened the day at $51.60 as compared to the previous trading day's close of $52.50.

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Level 3 Communications, Inc., together with its subsidiaries, operates as a facilities-based provider of a range of integrated communications services primarily in North America, Latin America, Europe, the Middle East, and Africa. Level 3 Communications has a market cap of $18.5 billion and is part of the telecommunications industry. Shares are up 6.3% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Level 3 Communications a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Level 3 Communications

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full

Level 3 Communications Ratings Report

now.

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1. As of noon trading,

Tableau Software

(

DATA

) is down $23.65 (-18.6%) to $103.42 on heavy volume. Thus far, 8.1 million shares of Tableau Software exchanged hands as compared to its average daily volume of 991,100 shares. The stock has ranged in price between $97.67-$106.25 after having opened the day at $105.75 as compared to the previous trading day's close of $127.07.

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Tableau Software, Inc., together with its subsidiaries, provides business analytics software products in the United States, Canada, and internationally. Tableau Software has a market cap of $6.2 billion and is part of the computer software & services industry. Shares are up 49.9% year-to-date as of the close of trading on Tuesday. Currently there are 18 analysts that rate Tableau Software a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Tableau Software

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and feeble growth in its earnings per share. Get the full

Tableau Software Ratings Report

now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

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

).