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 29 points (-0.2%) at 16,918 as of Monday, June 23, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,480 issues advancing vs. 1,509 declining with 147 unchanged.

The Technology sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Groupon ( GRPN), up 6.2%, 3D Systems ( DDD), up 5.6%, Alcatel-Lucent ( ALU), up 2.5%, Eaton ( ETN), up 2.4% and VimpelCom ( VIP), up 1.6%. On the negative front, top decliners within the sector include NTT DoCoMo ( DCM), down 2.1%, Infosys ( INFY), down 2.0%, Telecom Italia SpA ( TI), down 2.0%, Telecom Italia SpA ( TI.A), down 1.9% and Wipro ( WIT), down 1.5%.

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 $2.29 (1.3%) to $176.79 on average volume. Thus far, 1.6 million shares of Baidu exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $174.00-$177.25 after having opened the day at $174.00 as compared to the previous trading day's close of $174.50.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $61.1 billion and is part of the internet industry. Shares are down 1.9% year-to-date as of the close of trading on Friday. 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Baidu Ratings Report now.

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