3 Technology Stocks Nudging The 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 37 points (0.2%) at 16,217 as of Wednesday, Feb. 26, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 910 declining with 172 unchanged.

The Technology sector currently sits up 1.0% versus the S&P 500, which is up 0.3%. Top gainers within the sector include SunEdison ( SUNE), up 8.1%, SolarCity ( SCTY), up 7.5%, Vipshop Holdings ( VIPS), up 7.2%, Yandex ( YNDX), up 5.9% and Avago Technologies ( AVGO), up 4.7%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 3.4%, and Telecom Italia SpA ( TI.A), down 3.0%.

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

3. Intel ( INTC) is one of the companies pushing the Technology sector higher today. As of noon trading, Intel is up $0.34 (1.4%) to $24.96 on light volume. Thus far, 8.6 million shares of Intel exchanged hands as compared to its average daily volume of 33.0 million shares. The stock has ranged in price between $24.61-$24.98 after having opened the day at $24.74 as compared to the previous trading day's close of $24.62.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $122.5 billion and is part of the electronics industry. Shares are down 5.1% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Intel a buy, 4 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. 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 Intel Ratings Report now.

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2. As of noon trading, International Business Machines ( IBM) is up $1.36 (0.7%) to $184.59 on light volume. Thus far, 1.8 million shares of International Business Machines exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $183.56-$185.28 after having opened the day at $183.94 as compared to the previous trading day's close of $183.23.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $199.2 billion and is part of the computer software & services industry. Shares are down 2.2% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate International Business Machines a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full International Business Machines Ratings Report now.

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1. As of noon trading, Facebook ( FB) is up $1.12 (1.6%) to $70.97 on light volume. Thus far, 20.8 million shares of Facebook exchanged hands as compared to its average daily volume of 65.3 million shares. The stock has ranged in price between $70.01-$71.22 after having opened the day at $70.19 as compared to the previous trading day's close of $69.85.

Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. Facebook has a market cap of $139.8 billion and is part of the internet industry. Shares are up 27.8% year-to-date as of the close of trading on Tuesday. Currently there are 31 analysts who rate Facebook a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Facebook 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 impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Facebook 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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