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.

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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2. As of noon trading, CenturyLink ( CTL) is up $0.52 (1.4%) to $37.84 on light volume. Thus far, 1.6 million shares of CenturyLink exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $37.33-$37.87 after having opened the day at $37.43 as compared to the previous trading day's close of $37.32.

CenturyLink, Inc. operates as an integrated telecommunications company in the United States. The company operates through four segments: Consumer, Business, Wholesale, and Data Hosting. CenturyLink has a market cap of $21.4 billion and is part of the telecommunications industry. Shares are up 17.1% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate CenturyLink a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates CenturyLink as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full CenturyLink Ratings Report now.

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1. As of noon trading, AT&T ( T) is up $0.19 (0.5%) to $35.40 on light volume. Thus far, 8.5 million shares of AT&T exchanged hands as compared to its average daily volume of 30.3 million shares. The stock has ranged in price between $35.21-$35.43 after having opened the day at $35.29 as compared to the previous trading day's close of $35.21.

AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. AT&T has a market cap of $183.3 billion and is part of the telecommunications industry. Shares are up 0.1% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate AT&T a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full AT&T 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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