3 Technology Stocks Nudging The Sector Higher

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 21 points (0.1%) at 16,839 as of Wednesday, June 25, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,709 issues advancing vs. 1,282 declining with 166 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include AthenaHealth ( ATHN), up 5.1%, 3D Systems ( DDD), up 4.3%, Xerox Corporation ( XRX), up 1.9%, Facebook ( FB), up 1.8% and Baidu ( BIDU), up 1.6%. On the negative front, top decliners within the sector include China Telecom ( CHA), down 2.4%, Applied Materials ( AMAT), down 1.4%, Micron Technology ( MU), down 1.2%, LM Ericsson Telephone Company ( ERIC), down 1.2% and Hewlett-Packard ( HPQ), down 1.2%.

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

3. Telefonica Brasil ( VIV) is one of the companies pushing the Technology sector higher today. As of noon trading, Telefonica Brasil is up $0.38 (1.9%) to $20.33 on average volume. Thus far, 674,733 shares of Telefonica Brasil exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $20.02-$20.45 after having opened the day at $20.19 as compared to the previous trading day's close of $19.95.

Telefonica Brasil S.A. provides fixed-line telecommunications services to residential and commercial customers in Brazil. Telefonica Brasil has a market cap of $22.5 billion and is part of the telecommunications industry. Shares are up 3.8% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Telefonica Brasil a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Telefonica Brasil as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Telefonica Brasil Ratings Report now.

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