3 Technology Stocks Moving The Sector Upward

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 37 points (-0.2%) at 16,662 as of Friday, May 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,201 issues advancing vs. 1,742 declining with 169 unchanged.

The Technology sector currently sits down 1.2% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Turkcell Iletisim Hizmetleri AS ( TKC), up 4.7%, China Unicom (Hong Kong ( CHU), up 1.9% and Intel ( INTC), up 0.8%. On the negative front, top decliners within the sector include Qihoo 360 Technology ( QIHU), down 4.9%, LG Display ( LPL), down 4.8%, Workday ( WDAY), down 4.4%, Vipshop Holdings ( VIPS), down 4.1% and Yandex ( YNDX), down 3.2%.

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

3. BCE ( BCE) is one of the companies pushing the Technology sector higher today. As of noon trading, BCE is up $0.24 (0.5%) to $45.86 on light volume. Thus far, 214,678 shares of BCE exchanged hands as compared to its average daily volume of 640,200 shares. The stock has ranged in price between $45.50-$45.88 after having opened the day at $45.70 as compared to the previous trading day's close of $45.62.

BCE Inc., a communications company, provides broadband communication services to residential and business customers in Canada. The company operates through four segments: Bell Wireline, Bell Wireless, Bell Media, and Bell Aliant. BCE has a market cap of $35.6 billion and is part of the telecommunications industry. Shares are up 5.4% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate BCE a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates BCE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full BCE 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, LM Ericsson Telephone Company ( ERIC) is up $0.11 (0.9%) to $12.44 on average volume. Thus far, 2.0 million shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $12.44-$12.51 after having opened the day at $12.48 as compared to the previous trading day's close of $12.33.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates through four segments: Networks, Global Services, Support Solutions, and Modems. LM Ericsson Telephone Company has a market cap of $40.6 billion and is part of the telecommunications industry. Shares are up 0.7% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate LM Ericsson Telephone Company a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates LM Ericsson Telephone Company as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full LM Ericsson Telephone Company 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, Microsoft ( MSFT) is up $0.30 (0.8%) to $40.64 on average volume. Thus far, 15.7 million shares of Microsoft exchanged hands as compared to its average daily volume of 33.5 million shares. The stock has ranged in price between $40.25-$40.94 after having opened the day at $40.45 as compared to the previous trading day's close of $40.34.

Microsoft Corporation develops, licenses, and supports software, services, and hardware devices. Its Windows division offers Windows operating system; Windows Services suite of applications and Web services, including Outlook.com and SkyDrive; Surface RT and Pro devices; and PC accessories. Microsoft has a market cap of $330.5 billion and is part of the computer software & services industry. Shares are up 7.8% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts who rate Microsoft a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates Microsoft 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, notable return on equity, reasonable valuation levels, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Microsoft 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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