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 31 points (0.2%) at 16,439 as of Monday, April 21, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,695 issues advancing vs. 1,308 declining with 151 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Advanced Micro Devices ( AMD), up 11.9%, NetEase ( NTES), up 3.5%, Kyocera Corporation ( KYO), up 2.3%, VimpelCom ( VIP), up 2.2% and Baidu ( BIDU), up 1.4%. On the negative front, top decliners within the sector include AthenaHealth ( ATHN), down 4.9%, Wipro ( WIT), down 2.5%, America Movil S.A.B. de C.V ( AMOV), down 0.8%, Qualcomm ( QCOM), down 0.6% and Nippon Telegraph & Telephone ( NTT), down 0.6%.

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

3. Cisco Systems ( CSCO) is one of the companies pushing the Technology sector higher today. As of noon trading, Cisco Systems is up $0.28 (1.2%) to $23.49 on average volume. Thus far, 20.9 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 44.5 million shares. The stock has ranged in price between $23.18-$23.59 after having opened the day at $23.22 as compared to the previous trading day's close of $23.21.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide. Cisco Systems has a market cap of $119.6 billion and is part of the computer hardware industry. Shares are up 3.5% year-to-date as of the close of trading on Thursday. Currently there are 18 analysts who rate Cisco Systems a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Cisco Systems Ratings Report now.

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2. As of noon trading, International Business Machines ( IBM) is up $2.22 (1.2%) to $192.23 on average volume. Thus far, 3.0 million shares of International Business Machines exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $189.74-$192.70 after having opened the day at $189.80 as compared to the previous trading day's close of $190.01.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $197.9 billion and is part of the computer software & services industry. Shares are up 1.3% year-to-date as of the close of trading on Thursday. 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. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full International Business Machines 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, Facebook ( FB) is up $1.30 (2.2%) to $60.24 on average volume. Thus far, 33.2 million shares of Facebook exchanged hands as compared to its average daily volume of 67.9 million shares. The stock has ranged in price between $59.15-$60.58 after having opened the day at $59.46 as compared to the previous trading day's close of $58.94.

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 $117.4 billion and is part of the internet industry. Shares are up 7.8% year-to-date as of the close of trading on Thursday. Currently there are 30 analysts who rate Facebook a buy, no analysts rate it a sell, and 3 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 stock itself is trading at a premium valuation. 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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