3 Stocks Boosting The Technology Sector Higher

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 72 points (-0.5%) at 15,564 as of Friday, Sept. 20, 2013, 12:54 PM ET. The NYSE advances/declines ratio sits at 854 issues advancing vs. 2,087 declining with 92 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is down 0.4%. Top gainers within the sector include ASML ( ASML), up 2.1%, eBay ( EBAY), up 1.1%, Amazon.com ( AMZN), up 1.1% and NTT DoCoMo ( DCM), up 0.6%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 3.5%, Catamaran ( CTRX), down 3.5%, Kyocera Corporation ( KYO), down 3.0%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 2.4% and LM Ericsson Telephone Company ( ERIC), down 1.6%.

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

3. Avago Technologies ( AVGO) is one of the companies pushing the Technology sector higher today. As of noon trading, Avago Technologies is up $1.60 (3.9%) to $42.35 on heavy volume. Thus far, 3.5 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $40.83-$42.58 after having opened the day at $41.16 as compared to the previous trading day's close of $40.75.

Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $9.9 billion and is part of the electronics industry. Shares are up 26.8% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Avago Technologies as a buy. 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, expanding profit margins, good cash flow from operations and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Avago Technologies Ratings Report now.

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2. As of noon trading, Teradata Corporation ( TDC) is up $1.82 (3.1%) to $60.90 on average volume. Thus far, 986,660 shares of Teradata Corporation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $59.73-$61.01 after having opened the day at $59.92 as compared to the previous trading day's close of $59.08.

Teradata Corporation provides analytic data solutions worldwide. The company offers data warehousing solutions that include software, hardware, and related business consulting and support services. Teradata Corporation has a market cap of $9.7 billion and is part of the computer hardware industry. Shares are down 3.9% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Teradata Corporation a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Teradata Corporation as a buy. 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. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Teradata Corporation 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, Hewlett-Packard ( HPQ) is up $0.15 (0.7%) to $21.46 on average volume. Thus far, 8.6 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 15.0 million shares. The stock has ranged in price between $21.24-$21.60 after having opened the day at $21.42 as compared to the previous trading day's close of $21.31.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $41.6 billion and is part of the computer hardware industry. Shares are up 52.9% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Hewlett-Packard a buy, 5 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and weak operating cash flow. Get the full Hewlett-Packard 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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