3 Technology Stocks Nudging The Sector Higher - TheStreet

Two out of the three major indices are trading lower today with the

Dow Jones Industrial Average

(

^DJI

) trading up 6 points (0.0%) at 17,798 as of Tuesday, Nov. 24, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,309 issues advancing vs. 1,608 declining with 176 unchanged.

The Technology sector currently sits down 0.1% versus the S&P 500, which is down 0.2%. Top gainers within the sector include

NXP Semiconductors

(

NXPI

), up 6.3%,

Freescale Semiconductor

(

FSL

), up 5.7%,

Analog Devices

(

ADI

), up 3.9%,

Avago Technologies

(

AVGO

), up 1.9% and

Broadcom

(

BRCM

), up 1.2%. On the negative front, top decliners within the sector include

Brocade Communications Systems

(

BRCD

), down 7.9%,

Turkcell Iletisim Hizmetleri AS

(

TKC

), down 6.0%,

Sabre Corporation

(

SABR

), down 4.5%,

Intuit

(

INTU

), down 2.4% and

BCE

(

BCE

), down 1.8%.

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

3.

ABB

(

ABB

) is one of the companies pushing the Technology sector higher today. As of noon trading, ABB is up $0.16 (0.9%) to $18.63 on average volume. Thus far, 1.4 million shares of ABB exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $18.54-$18.67 after having opened the day at $18.58 as compared to the previous trading day's close of $18.47.

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.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $41.6 billion and is part of the industrial industry. Shares are down 12.7% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates ABB a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

ABB

as a

hold

. 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 and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and a generally disappointing performance in the stock itself. Get the full

ABB 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.

2. As of noon trading,

Palo Alto Networks

(

PANW

) is up $7.93 (4.6%) to $179.95 on heavy volume. Thus far, 3.9 million shares of Palo Alto Networks exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $178.47-$185.10 after having opened the day at $179.50 as compared to the previous trading day's close of $172.02.

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.

Palo Alto Networks, Inc. provides enterprise security platform to enterprises, service providers, and government entities worldwide. Palo Alto Networks has a market cap of $14.7 billion and is part of the computer hardware industry. Shares are up 40.3% year-to-date as of the close of trading on Monday. Currently there are 20 analysts who rate Palo Alto Networks a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Palo Alto Networks

as a

sell

. Among the areas we feel are negative, one of the most important has been unimpressive growth in net income over time. Get the full

Palo Alto Networks 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.

1. As of noon trading,

HP

(

HPQ

) is up $0.18 (1.2%) to $14.40 on light volume. Thus far, 6.6 million shares of HP exchanged hands as compared to its average daily volume of 31.3 million shares. The stock has ranged in price between $14.02-$14.44 after having opened the day at $14.04 as compared to the previous trading day's close of $14.23.

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.

HP Inc., 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. HP has a market cap of $25.3 billion and is part of the computer hardware industry. Shares are down 27.9% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate HP a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates

HP

as a

buy

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

HP 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

).