3 Technology Stocks Moving The Sector Upward

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 18 points (-0.1%) at 15,776 as of Monday, Feb. 10, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,409 issues advancing vs. 1,532 declining with 144 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is down 0.1%. A company within the sector that increased today was Micron Technology ( MU), up 1.7%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI.A), down 2.9%, Telecom Italia SpA ( TI), down 2.2%, China Unicom (Hong Kong ( CHU), down 1.9%, America Movil S.A.B. de C.V ( AMOV), down 1.7% and Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.6%.

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

3. Baidu ( BIDU) is one of the companies pushing the Technology sector higher today. As of noon trading, Baidu is up $3.43 (2.1%) to $164.57 on average volume. Thus far, 2.0 million shares of Baidu exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $160.14-$165.85 after having opened the day at $160.23 as compared to the previous trading day's close of $161.14.

Baidu, Inc. provides Chinese language Internet search services. It also offers a Chinese language search platform for businesses to reach their customers. Baidu has a market cap of $54.2 billion and is part of the internet industry. Shares are down 9.4% year-to-date as of the close of trading on Friday. Currently there are 11 analysts who rate Baidu a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins 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 Baidu Ratings Report now.

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