3 Stocks Improving Performance Of The Technology Sector

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 16,647 as of Wednesday, May 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,518 issues advancing vs. 1,472 declining with 153 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is unchanged. Top gainers within the sector include Qihoo 360 Technology ( QIHU), up 5.9%, Telecom Italia SpA ( TI), up 4.2%, Telecom Italia SpA ( TI.A), up 3.6%, Micron Technology ( MU), up 1.9% and Broadcom ( BRCM), up 1.7%. On the negative front, top decliners within the sector include 3D Systems ( DDD), down 10.7%, Infosys ( INFY), down 3.7%, eBay ( EBAY), down 2.4%, CA ( CA), down 1.6% and Symantec ( SYMC), down 1.5%.

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

3. TE Connectivity ( TEL) is one of the companies pushing the Technology sector higher today. As of noon trading, TE Connectivity is up $0.44 (0.8%) to $58.44 on light volume. Thus far, 417,994 shares of TE Connectivity exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $58.00-$58.64 after having opened the day at $58.11 as compared to the previous trading day's close of $58.00.

TE Connectivity Ltd., together with its subsidiaries, designs and manufactures products that connect power, data, and signal automotive, energy, industrial, broadband communications, consumer devices, aerospace and defense, and healthcare industries. TE Connectivity has a market cap of $23.8 billion and is part of the electronics industry. Shares are up 5.8% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate TE Connectivity a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates TE Connectivity as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full TE Connectivity Ratings Report now.

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