3 Technology Stocks Pushing Sector Growth

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 78 points (0.5%) at 16,105 as of Friday, Feb. 14, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,755 issues advancing vs. 1,149 declining with 181 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is up 0.3%. Top gainers within the sector include Cray ( CRAY), up 34.9%, Bankrate ( RATE), up 13.4%, 3D Systems Corporation ( DDD), up 5.2%, NXP Semiconductor ( NXPI), up 3.0% and Cisco Systems ( CSCO), up 1.9%. On the negative front, top decliners within the sector include Agilent Technologies ( A), down 6.9%, Baidu ( BIDU), down 1.6%, Telecom Italia SpA ( TI.A), down 1.6%, Avago Technologies ( AVGO), down 1.5% and Telecom Italia SpA ( TI), down 1.4%.

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

3. Stratasys ( SSYS) is one of the companies pushing the Technology sector higher today. As of noon trading, Stratasys is up $5.75 (4.9%) to $123.98 on average volume. Thus far, 644,931 shares of Stratasys exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $120.11-$124.20 after having opened the day at $120.15 as compared to the previous trading day's close of $118.23.

Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. Stratasys has a market cap of $5.6 billion and is part of the computer hardware industry. Shares are down 12.2% year-to-date as of the close of trading on Thursday. Currently there are 12 analysts who rate Stratasys a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Stratasys as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Stratasys Ratings Report now.

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