3 Technology Stocks Pushing 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 77 points (0.5%) at 17,053 as of Thursday, July 3, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,714 issues advancing vs. 1,323 declining with 126 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Cree ( CREE), up 5.2%, VimpelCom ( VIP), up 3.2%, ASML ( ASML), up 1.7%, Telefonica ( TEF), up 1.4% and Taiwan Semiconductor Manufacturing ( TSM), up 1.4%. A company within the sector that fell today was Qihoo 360 Technology ( QIHU), up 2.7%.

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

3. Texas Instruments ( TXN) is one of the companies pushing the Technology sector higher today. As of noon trading, Texas Instruments is up $0.43 (0.9%) to $48.94 on light volume. Thus far, 893,325 shares of Texas Instruments exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $48.50-$48.98 after having opened the day at $48.58 as compared to the previous trading day's close of $48.51.

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. The company operates in three segments: Analog, Embedded Processing, and Other. Texas Instruments has a market cap of $52.3 billion and is part of the electronics industry. Shares are up 10.5% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts who rate Texas Instruments a buy, 3 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. 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 Texas Instruments 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, EMC ( EMC) is up $0.20 (0.8%) to $26.90 on light volume. Thus far, 3.9 million shares of EMC exchanged hands as compared to its average daily volume of 15.2 million shares. The stock has ranged in price between $26.62-$26.93 after having opened the day at $26.68 as compared to the previous trading day's close of $26.70.

EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It operates in three segments: Information Storage, Information Intelligence Group, and RSA Information Security. EMC has a market cap of $54.5 billion and is part of the computer hardware industry. Shares are up 6.2% year-to-date as of the close of trading on Wednesday. Currently there are 21 analysts who rate EMC a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates EMC 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, expanding profit margins, increase in stock price during the past year 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 EMC 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, eBay ( EBAY) is up $0.41 (0.8%) to $50.96 on light volume. Thus far, 3.6 million shares of eBay exchanged hands as compared to its average daily volume of 12.9 million shares. The stock has ranged in price between $50.62-$51.08 after having opened the day at $50.96 as compared to the previous trading day's close of $50.55.

eBay Inc. provides online platforms, tools, and services to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. eBay has a market cap of $64.0 billion and is part of the specialty retail industry. Shares are down 7.9% year-to-date as of the close of trading on Wednesday. Currently there are 18 analysts who rate eBay a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates eBay as a hold. 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 and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full eBay 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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