3 Stocks Raising 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 115 points (0.7%) at 16,388 as of Friday, Feb. 28, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,987 issues advancing vs. 938 declining with 158 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Mercadolibre ( MELI), up 14.2%, Youku Tudou Inc ADR repr Class A ( YOKU), up 10.4%, 3D Systems Corporation ( DDD), up 3.7%, SK Telecom ( SKM), up 2.0% and Yahoo ( YHOO), up 1.7%. On the negative front, top decliners within the sector include Baidu ( BIDU), down 3.7%, Salesforce.com ( CRM), down 3.6%, LinkedIn ( LNKD), down 2.3%, America Movil S.A.B. de C.V ( AMX), 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. Texas Instruments ( TXN) is one of the companies pushing the Technology sector higher today. As of noon trading, Texas Instruments is up $0.29 (0.7%) to $45.07 on light volume. Thus far, 2.1 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $44.58-$45.07 after having opened the day at $44.88 as compared to the previous trading day's close of $44.78.

Texas Instruments Incorporated engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. The company operates in four segments: Analog, Embedded Processing, Wireless, and Other. Texas Instruments has a market cap of $48.4 billion and is part of the electronics industry. Shares are up 2.0% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Texas Instruments a buy, 3 analysts rate it a sell, and 18 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. 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 Texas Instruments Ratings Report now.

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2. As of noon trading, Hewlett-Packard ( HPQ) is up $0.56 (1.9%) to $30.32 on light volume. Thus far, 4.8 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 13.8 million shares. The stock has ranged in price between $29.74-$30.36 after having opened the day at $29.84 as compared to the previous trading day's close of $29.75.

Hewlett-Packard Company, together with its subsidiaries, provides 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 $56.9 billion and is part of the computer hardware industry. Shares are up 6.3% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Hewlett-Packard a buy, 2 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, impressive record of earnings per share growth and attractive valuation levels. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Hewlett-Packard Ratings Report now.

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1. As of noon trading, Microsoft Corporation ( MSFT) is up $0.46 (1.2%) to $38.32 on light volume. Thus far, 11.9 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 40.7 million shares. The stock has ranged in price between $37.82-$38.46 after having opened the day at $37.98 as compared to the previous trading day's close of $37.86.

Microsoft Corporation (Microsoft) develops, licenses, and supports software, services, and hardware devices worldwide. Microsoft Corporation has a market cap of $311.0 billion and is part of the computer software & services industry. Shares are up 0.2% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate Microsoft Corporation a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Microsoft 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, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Microsoft Corporation Ratings Report now.

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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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