3 Technology Stocks Driving 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 76 points (0.5%) at 16,332 as of Wednesday, April 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,886 issues advancing vs. 1,057 declining with 161 unchanged.

The Technology sector currently sits up 0.9% versus the S&P 500, which is up 0.5%. Top gainers within the sector include ServiceNow ( NOW), up 5.3%, Avago Technologies ( AVGO), up 2.9%, ASML ( ASML), up 2.4%, Micron Technology ( MU), up 2.0% and LM Ericsson Telephone Company ( ERIC), up 1.7%. On the negative front, top decliners within the sector include Electronic Arts ( EA), down 3.2%, VMware ( VMW), down 2.4%, Infosys ( INFY), down 2.3% and America Movil S.A.B. de C.V ( AMOV), down 1.5%.

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 $3.67 (2.4%) to $154.63 on average volume. Thus far, 2.9 million shares of Baidu exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $149.31-$154.75 after having opened the day at $153.05 as compared to the previous trading day's close of $150.96.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $50.3 billion and is part of the internet industry. Shares are down 15.1% year-to-date as of the close of trading on Tuesday. Currently there are 10 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, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 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.

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 liked this article you might like

Yes, PayPal CEO Actively Practices Martial Arts

PayPal CEO Reveals How Silicon Valley Could Repair Its Broken Culture

Why PayPal Stock Is on Fire

Strange Days at Apple

PayPal's Stock Has Blown Away Facebook and Google This Year for One Big Reason