3 Stocks Driving 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 11 points (0.1%) at 16,218 as of Tuesday, Feb. 25, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,600 issues advancing vs. 1,298 declining with 186 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the sector include Frontier Communications Corp Class B ( FTR), up 8.1%, Amazon.com ( AMZN), up 2.1%, LM Ericsson Telephone Company ( ERIC), up 1.0%, Sap ( SAP), up 0.8% and Emerson Electric ( EMR), up 0.7%. On the negative front, top decliners within the sector include ASML ( ASML), down 2.7%, American Tower ( AMT), down 2.4%, China Telecom ( CHA), down 2.2%, Micron Technology ( MU), down 1.9% and America Movil S.A.B. de C.V ( AMOV), down 1.8%.

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

3. BlackBerry ( BBRY) is one of the companies pushing the Technology sector higher today. As of noon trading, BlackBerry is up $0.96 (9.7%) to $10.78 on heavy volume. Thus far, 36.1 million shares of BlackBerry exchanged hands as compared to its average daily volume of 26.3 million shares. The stock has ranged in price between $10.25-$10.90 after having opened the day at $10.38 as compared to the previous trading day's close of $9.83.

BlackBerry Limited designs, manufactures, and markets wireless solutions worldwide. BlackBerry has a market cap of $4.8 billion and is part of the telecommunications industry. Shares are up 32.1% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate BlackBerry a buy, 7 analysts rate it a sell, and 21 rate it a hold.

TheStreet Ratings rates BlackBerry as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full BlackBerry 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, LinkedIn ( LNKD) is up $9.67 (4.8%) to $209.26 on heavy volume. Thus far, 3.6 million shares of LinkedIn exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $203.09-$211.35 after having opened the day at $206.02 as compared to the previous trading day's close of $199.59.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $19.9 billion and is part of the internet industry. Shares are down 8.0% year-to-date as of the close of trading on Monday. Currently there are 19 analysts who rate LinkedIn a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates LinkedIn as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and disappointing return on equity. Get the full LinkedIn 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, Google ( GOOG) is up $10.28 (0.8%) to $1,222.79 on light volume. Thus far, 665,844 shares of Google exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $1,210.42-$1,224.50 after having opened the day at $1,215.94 as compared to the previous trading day's close of $1,212.51.

Google Inc., a technology company, builds products and provides services to organize the information. Google has a market cap of $336.9 billion and is part of the internet industry. Shares are up 8.2% year-to-date as of the close of trading on Monday. Currently there are 26 analysts who rate Google a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Google 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, solid stock price performance, growth in earnings per share and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Google 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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