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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 24 points (0.1%) at 16,720 as of Tuesday, May 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,382 issues advancing vs. 1,595 declining with 161 unchanged.

The Technology sector currently sits down 0.8% versus the S&P 500, which is unchanged. Top gainers within the sector include Rackspace Hosting ( RAX), up 8.2%, Nippon Telegraph & Telephone ( NTT), up 2.0%, Microsoft ( MSFT), up 1.5%, America Movil SAB de CV ( AMOV), up 1.0% and Accenture ( ACN), up 0.7%. On the negative front, top decliners within the sector include Dealertrack Technologies ( TRAK), down 12.5%, Telecom Italia SpA ( TI), down 6.4%, Splunk ( SPLK), down 6.0%, Telecom Italia SpA ( TI.A), down 5.8% and Qihoo 360 Technology ( QIHU), down 4.0%.

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

3. America Movil SAB de CV ( AMX) is one of the companies pushing the Technology sector higher today. As of noon trading, America Movil SAB de CV is up $0.23 (1.1%) to $20.51 on light volume. Thus far, 1.9 million shares of America Movil SAB de CV exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $20.29-$20.54 after having opened the day at $20.36 as compared to the previous trading day's close of $20.28.

America Movil, S.A.B. de C.V. provides telecommunications services in the United States, Latin America, and the Caribbean. America Movil SAB de CV has a market cap of $70.2 billion and is part of the telecommunications industry. Shares are down 13.2% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates America Movil SAB de CV a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates America Movil SAB de CV as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally higher debt management risk. Get the full America Movil SAB de CV Ratings Report now.

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2. As of noon trading, NetApp ( NTAP) is up $0.83 (2.5%) to $34.42 on average volume. Thus far, 2.4 million shares of NetApp exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $33.63-$34.70 after having opened the day at $33.81 as compared to the previous trading day's close of $33.59.

NetApp, Inc. engages in design, manufacture, and marketing of networked storage solutions. The company supplies enterprise storage and data management software and hardware products and services. NetApp has a market cap of $11.3 billion and is part of the computer hardware industry. Shares are down 18.4% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate NetApp a buy, 3 analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates NetApp as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, notable return on equity, impressive record of earnings per share growth 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 NetApp 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, Hewlett-Packard ( HPQ) is up $0.27 (0.8%) to $33.09 on light volume. Thus far, 3.3 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 12.7 million shares. The stock has ranged in price between $32.81-$33.13 after having opened the day at $32.92 as compared to the previous trading day's close of $32.82.

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 $61.3 billion and is part of the computer hardware industry. Shares are up 17.3% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate Hewlett-Packard a buy, 2 analysts rate it a sell, and 10 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.

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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