Technology Stocks On The Rise With Help From 3 Stocks

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 82 points (-0.5%) at 15,473 as of Friday, July 26, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,028 issues advancing vs. 1,878 declining with 105 unchanged.

The Technology sector currently sits down 0.5% versus the S&P 500, which is down 0.4%. Top gainers within the sector include Activision Blizzard ( ATVI), up 14.6%, Electronic Arts ( EA), up 4.5%, TripAdvisor ( TRIP), up 4.5%, America Movil S.A.B. de C.V ( AMX), up 3.2% and America Movil S.A.B. de C.V ( AMOV), up 2.6%. On the negative front, top decliners within the sector include SolarWinds ( SWI), down 22.7%, Zynga ( ZNGA), down 15.5%, SanDisk ( SNDK), down 5.2%, Kyocera Corporation ( KYO), down 4.7% and Nippon Telegraph & Telephone ( NTT), down 4.1%.

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

3. Maxim Integrated Products ( MXIM) is one of the companies pushing the Technology sector higher today. As of noon trading, Maxim Integrated Products is up $0.81 (3.0%) to $28.23 on heavy volume. Thus far, 7.8 million shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $26.49-$28.38 after having opened the day at $26.93 as compared to the previous trading day's close of $27.42.

Maxim Integrated Products, Inc. engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company also provides various high-frequency process technologies and capabilities for use in custom designs. Maxim Integrated Products has a market cap of $7.9 billion and is part of the electronics industry. Shares are down 7.6% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Maxim Integrated Products a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Maxim Integrated Products as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Maxim Integrated Products 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.

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