3 Stocks Improving Performance Of The Technology Sector

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 118 points (0.7%) at 16,381 as of Wednesday, April 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,313 issues advancing vs. 673 declining with 149 unchanged.

The Technology sector currently sits up 0.8% versus the S&P 500, which is up 0.7%. Top gainers within the sector include Yahoo ( YHOO), up 6.2%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), up 1.5%, Emerson Electric ( EMR), up 1.4%, LM Ericsson Telephone Company ( ERIC), up 1.3% and Eaton Corporation ( ETN), up 1.2%. On the negative front, top decliners within the sector include Linear Technology ( LLTC), down 4.3%, Texas Instruments ( TXN), down 1.6% and Taiwan Semiconductor Manufacturing ( TSM), down 1.2%.

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

3. Amazon.com ( AMZN) is one of the companies pushing the Technology sector higher today. As of noon trading, Amazon.com is up $2.37 (0.8%) to $318.45 on average volume. Thus far, 2.2 million shares of Amazon.com exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $314.71-$321.97 after having opened the day at $321.17 as compared to the previous trading day's close of $316.08.

Amazon.com, Inc. operates as an online retailer in North America and internationally. The company operates in two segments, North America and International. Amazon.com has a market cap of $145.4 billion and is part of the retail industry. Shares are down 20.7% year-to-date as of the close of trading on Tuesday. Currently there are 23 analysts who rate Amazon.com a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Amazon.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Amazon.com 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, Microsoft Corporation ( MSFT) is up $0.39 (1.0%) to $40.14 on average volume. Thus far, 15.3 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 38.8 million shares. The stock has ranged in price between $39.90-$40.35 after having opened the day at $40.06 as compared to the previous trading day's close of $39.75.

Microsoft Corporation develops, licenses, and supports software, services, and hardware devices. Its Windows division offers Windows operating system; Windows Services suite of applications and Web services, including Outlook.com and SkyDrive; Surface RT and Pro devices; and PC accessories. Microsoft Corporation has a market cap of $325.2 billion and is part of the computer software & services industry. Shares are up 6.3% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate Microsoft Corporation a buy, 1 analyst rates it a sell, and 13 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.

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 ( GOOGL) is up $10.50 (1.9%) to $559.20 on average volume. Thus far, 2.1 million shares of Google exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $553.10-$560.97 after having opened the day at $557.70 as compared to the previous trading day's close of $548.70.

Google Inc., a technology company, builds products and provides services to organize the information. Google has a market cap of $152.6 billion and is part of the internet industry. Shares are down 2.4% year-to-date as of the close of trading on Tuesday. Currently there are 25 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, reasonable valuation levels, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. 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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