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 29 points (0.2%) at 17,012 as of Tuesday, July 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,550 issues advancing vs. 1,408 declining with 169 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 0.1%. Top gainers within the sector include

Medidata Solutions

(

MDSO

), up 16.9%,

Cognex

(

CGNX

), up 14.4%,

Windstream Holdings

(

WIN

), up 11.6%,

Frontier Communications

(

FTR

), up 10.9% and

3D Systems

(

DDD

), up 6.1%. On the negative front, top decliners within the sector include

Qihoo 360 Technology

(

QIHU

), down 3.7%,

NTT DoCoMo

(

DCM

), down 1.3%,

ABB

(

ABB

), down 1.3%,

ASML

(

ASML

), down 1.2% and

Telekomunikasi Indonesia (Persero) Tbk

(

TLK

), down 0.7%.

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

3.

Hewlett-Packard

(

HPQ

) is one of the companies pushing the Technology sector higher today. As of noon trading, Hewlett-Packard is up $0.48 (1.4%) to $36.08 on average volume. Thus far, 5.7 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 9.7 million shares. The stock has ranged in price between $35.60-$36.21 after having opened the day at $35.71 as compared to the previous trading day's close of $35.60.

Hewlett-Packard Company, together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $66.3 billion and is part of the computer hardware industry. Shares are up 27.2% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate Hewlett-Packard a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates

Hewlett-Packard

as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. Get the full

Hewlett-Packard 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.

2. As of noon trading,

Verizon Communications

(

VZ

) is up $0.76 (1.5%) to $52.34 on heavy volume. Thus far, 22.3 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 14.1 million shares. The stock has ranged in price between $51.88-$53.66 after having opened the day at $53.19 as compared to the previous trading day's close of $51.58.

Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $212.4 billion and is part of the telecommunications industry. Shares are up 5.0% year-to-date as of the close of trading on Monday. Currently there are 24 analysts who rate Verizon Communications a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Verizon Communications

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full

Verizon Communications 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.

1. As of noon trading,

AT&T

(

T

) is up $1.03 (2.9%) to $36.68 on heavy volume. Thus far, 69.5 million shares of AT&T exchanged hands as compared to its average daily volume of 21.7 million shares. The stock has ranged in price between $36.46-$37.48 after having opened the day at $37.43 as compared to the previous trading day's close of $35.65.

AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. AT&T has a market cap of $184.5 billion and is part of the telecommunications industry. Shares are up 1.4% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate AT&T a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates

AT&T

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full

AT&T 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.

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

).

null