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.

2. As of noon trading, Akamai Technologies ( AKAM) is up $1.69 (3.7%) to $46.88 on heavy volume. Thus far, 2.3 million shares of Akamai Technologies exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $44.86-$47.13 after having opened the day at $44.86 as compared to the previous trading day's close of $45.19.

Akamai Technologies, Inc. provides content delivery and cloud infrastructure services for accelerating and improving the delivery of content and applications over the Internet in the United States and internationally. Akamai Technologies has a market cap of $7.8 billion and is part of the internet industry. Shares are up 7.2% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate Akamai Technologies a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Akamai Technologies as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Akamai Technologies 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, Qualcomm ( QCOM) is up $0.78 (1.2%) to $64.20 on average volume. Thus far, 8.6 million shares of Qualcomm exchanged hands as compared to its average daily volume of 13.7 million shares. The stock has ranged in price between $62.83-$64.26 after having opened the day at $62.92 as compared to the previous trading day's close of $63.42.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. Qualcomm has a market cap of $106.1 billion and is part of the telecommunications industry. Shares are down 0.8% year to date as of the close of trading on Thursday. Currently there are 25 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Qualcomm as a buy. 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, notable return on equity, impressive record of earnings per share growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Qualcomm 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).

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