4 Stocks Boosting The Technology Sector Higher

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 41 points (-0.3%) at 15,444 as of Tuesday, July 16, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 951 issues advancing vs. 1,969 declining with 95 unchanged.

The Technology sector currently sits down 0.1% versus the S&P 500, which is down 0.4%. Top gainers within the sector include Rackspace Hosting ( RAX), up 4.1%, Avago Technologies ( AVGO), up 2.9%, Symantec ( SYMC), up 1.1%, Applied Materials ( AMAT), up 0.8% and ASML ( ASML), up 0.7%. On the negative front, top decliners within the sector include Qihoo 360 Technology ( QIHU), down 4.6%, Telecom Italia SpA ( TI), down 4.1%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 4.1%, Yandex ( YNDX), down 3.9% and Telecom Italia SpA ( TI.A), down 3.6%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Technology sector higher today. As of noon trading, China Unicom (Hong Kong is up $0.19 (1.4%) to $13.93 on average volume. Thus far, 286,241 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 603,700 shares. The stock has ranged in price between $13.85-$13.99 after having opened the day at $13.91 as compared to the previous trading day's close of $13.74.

China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of cellular, fixed line, and broadband services in China. China Unicom (Hong Kong has a market cap of $32.0 billion and is part of the telecommunications industry. Shares are down 16.6% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full China Unicom (Hong Kong Ratings Report now.

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