Today's Stocks Driving Success For 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 16,929 as of Tuesday, June 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 966 issues advancing vs. 1,989 declining with 165 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.2%. Top gainers within the sector include LG Display ( LPL), up 3.7%, Turkcell Iletisim Hizmetleri AS ( TKC), up 2.9%, Amazon.com ( AMZN), up 1.8%, Salesforce.com ( CRM), up 1.4% and Micron Technology ( MU), up 1.3%. On the negative front, top decliners within the sector include Cognizant Technology Solutions ( CTSH), down 4.0%, BT Group ( BT), down 2.4%, eBay ( EBAY), down 2.3%, International Business Machines ( IBM), down 0.9% and Emerson Electric ( EMR), down 0.8%.

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

3. Intel ( INTC) is one of the companies pushing the Technology sector higher today. As of noon trading, Intel is up $0.28 (1.0%) to $28.20 on average volume. Thus far, 19.5 million shares of Intel exchanged hands as compared to its average daily volume of 29.1 million shares. The stock has ranged in price between $27.72-$28.33 after having opened the day at $27.85 as compared to the previous trading day's close of $27.91.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $140.2 billion and is part of the electronics industry. Shares are up 7.5% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate Intel a buy, 4 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Intel 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, Cisco Systems ( CSCO) is up $0.19 (0.8%) to $24.99 on average volume. Thus far, 21.2 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 38.7 million shares. The stock has ranged in price between $24.60-$25.07 after having opened the day at $24.73 as compared to the previous trading day's close of $24.80.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide. Cisco Systems has a market cap of $127.2 billion and is part of the computer hardware industry. Shares are up 10.6% year-to-date as of the close of trading on Monday. Currently there are 17 analysts who rate Cisco Systems a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Cisco Systems 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, Facebook ( FB) is up $2.44 (3.9%) to $65.32 on average volume. Thus far, 45.2 million shares of Facebook exchanged hands as compared to its average daily volume of 66.6 million shares. The stock has ranged in price between $63.50-$65.49 after having opened the day at $63.53 as compared to the previous trading day's close of $62.88.

Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. Facebook has a market cap of $124.6 billion and is part of the internet industry. Shares are up 15.1% year-to-date as of the close of trading on Monday. Currently there are 32 analysts who rate Facebook a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Facebook 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 impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. Get the full Facebook 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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