3 Technology Stocks Driving The Sector Higher - TheStreet

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 68 points (-0.4%) at 17,730 as of Monday, Nov. 30, 2015, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,462 issues advancing vs. 1,508 declining with 167 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is down 0.3%. Top gainers within the sector include

Computer

(

CSC

), up 5.5%,

Wipro

(

WIT

), up 2.8%,

NXP Semiconductors

(

NXPI

), up 1.8%,

Micron Technology

(

MU

), up 1.8% and

LM Ericsson Telephone

(

ERIC

), up 1.6%. On the negative front, top decliners within the sector include

IMS Health Holdings

(

IMS

), down 3.1%,

NTT DoCoMo

(

DCM

), down 2.5%,

America Movil SAB de CV

(

AMOV

), down 1.6%,

Activision Blizzard

(

ATVI

), down 1.2% and

Avago Technologies

(

AVGO

), down 0.9%.

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

3.

JD.com

(

JD

) is one of the companies pushing the Technology sector higher today. As of noon trading, JD.com is up $0.67 (2.2%) to $30.62 on average volume. Thus far, 5.4 million shares of JD.com exchanged hands as compared to its average daily volume of 12.3 million shares. The stock has ranged in price between $30.03-$30.93 after having opened the day at $30.38 as compared to the previous trading day's close of $29.95.

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JD.com, Inc., through its subsidiaries, operates as an online direct sales company in the People's Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, including audio and video products, and books. JD.com has a market cap of $41.0 billion and is part of the internet industry. Shares are up 29.4% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate JD.com a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

JD.com

as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. Get the full

JD.com Ratings Report

now.

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2. As of noon trading,

Yahoo

(

YHOO

) is up $0.40 (1.2%) to $33.34 on light volume. Thus far, 5.4 million shares of Yahoo exchanged hands as compared to its average daily volume of 17.1 million shares. The stock has ranged in price between $32.85-$33.52 after having opened the day at $33.03 as compared to the previous trading day's close of $32.94.

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Yahoo! Inc. provides search and display advertising services on Yahoo properties and affiliate sites worldwide. Yahoo has a market cap of $31.3 billion and is part of the internet industry. Shares are down 34.8% year-to-date as of the close of trading on Friday. Currently there are 20 analysts who rate Yahoo a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

Yahoo

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full

Yahoo Ratings Report

now.

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1. As of noon trading,

Apple

(

AAPL

) is up $0.48 (0.4%) to $118.29 on light volume. Thus far, 15.2 million shares of Apple exchanged hands as compared to its average daily volume of 49.6 million shares. The stock has ranged in price between $117.75-$119.41 after having opened the day at $117.99 as compared to the previous trading day's close of $117.81.

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Apple Inc. Apple has a market cap of $658.1 billion and is part of the consumer durables industry. Shares are up 6.7% year-to-date as of the close of trading on Friday. Currently there are 22 analysts who rate Apple a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

Apple

as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full

Apple 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

).