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 105 points (0.6%) at 16,554 as of Tuesday, April 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,226 issues advancing vs. 749 declining with 155 unchanged.

The Technology sector currently sits up 1.2% versus the S&P 500, which is up 0.6%. Top gainers within the sector include 3D Systems Corporation ( DDD), up 6.7%, SolarCity ( SCTY), up 6.1%, Qihoo 360 Technology ( QIHU), up 4.0%, Workday ( WDAY), up 3.7% and Telecom Italia SpA ( TI.A), up 3.4%. On the negative front, top decliners within the sector include Medidata Solutions ( MDSO), down 26.1%, AthenaHealth ( ATHN), down 4.3%, Rogers Communications ( RCI), down 3.2%, Wipro ( WIT), down 2.9% and VimpelCom ( VIP), down 2.6%.

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

3. eBay ( EBAY) is one of the companies pushing the Technology sector higher today. As of noon trading, eBay is up $0.34 (0.6%) to $55.27 on light volume. Thus far, 3.6 million shares of eBay exchanged hands as compared to its average daily volume of 13.4 million shares. The stock has ranged in price between $54.56-$55.46 after having opened the day at $54.88 as compared to the previous trading day's close of $54.93.

eBay Inc. provides online platforms, tools, and services to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. eBay has a market cap of $69.8 billion and is part of the specialty retail industry. Shares are up 0.1% year-to-date as of the close of trading on Monday. Currently there are 20 analysts who rate eBay a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates eBay 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, reasonable valuation levels, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full eBay 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, Baidu ( BIDU) is up $3.01 (1.9%) to $163.12 on average volume. Thus far, 2.2 million shares of Baidu exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $160.20-$164.42 after having opened the day at $160.27 as compared to the previous trading day's close of $160.11.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $54.6 billion and is part of the internet industry. Shares are down 10.0% year-to-date as of the close of trading on Monday. Currently there are 10 analysts who rate Baidu a buy, no analysts rate it a sell, and 4 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, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, solid stock price performance 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.

1. As of noon trading, Google ( GOOGL) is up $5.80 (1.1%) to $545.17 on light volume. Thus far, 1.4 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 $536.00-$546.86 after having opened the day at $536.00 as compared to the previous trading day's close of $539.37.

Google Inc., a technology company, builds products and provides services to organize the information. Google has a market cap of $152.1 billion and is part of the internet industry. Shares are down 4.0% year-to-date as of the close of trading on Monday. Currently there are 26 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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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