3 Stocks Boosting 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 110 points (-0.7%) at 16,401 as of Tuesday, May 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 820 issues advancing vs. 2,151 declining with 156 unchanged.

The Technology sector currently sits down 0.8% versus the S&P 500, which is down 0.6%. Top gainers within the sector include Advanced Semiconductor Engineering ( ASX), up 3.1%, BT Group ( BT), up 2.3%, Infosys ( INFY), up 1.5%, America Movil SAB de CV ( AMX), up 1.4% and America Movil SAB de CV ( AMOV), up 1.4%. On the negative front, top decliners within the sector include Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 4.5%, China Unicom (Hong Kong ( CHU), down 2.3%, Telecom Italia SpA ( TI), down 2.0%, AT&T ( T), down 2.0% and Emerson Electric ( EMR), down 1.7%.

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 $1.25 (0.8%) to $158.90 on light volume. Thus far, 1.7 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 $156.29-$159.92 after having opened the day at $158.15 as compared to the previous trading day's close of $157.65.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $54.2 billion and is part of the internet industry. Shares are down 11.4% year-to-date as of the close of trading on Monday. Currently there are 11 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, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. 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.

2. As of noon trading, Amazon.com ( AMZN) is up $4.21 (1.4%) to $300.96 on average volume. Thus far, 2.5 million shares of Amazon.com exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $296.75-$304.46 after having opened the day at $297.10 as compared to the previous trading day's close of $296.76.

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 $137.0 billion and is part of the retail industry. Shares are down 25.6% year-to-date as of the close of trading on Monday. Currently there are 26 analysts who rate Amazon.com a buy, no analysts rate it a sell, and 5 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 increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow 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.

1. As of noon trading, Google ( GOOGL) is up $2.86 (0.5%) to $541.69 on average volume. Thus far, 1.5 million shares of Google exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $539.25-$546.35 after having opened the day at $540.00 as compared to the previous trading day's close of $538.83.

Google Inc., a technology company, builds products and provides services to organize the information. Google has a market cap of $148.8 billion and is part of the internet industry. Shares are down 4.1% 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 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 reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and feeble growth in the company's earnings per share. 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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