3 Stocks Improving Performance Of 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 65 points (-0.4%) at 17,004 as of Monday, July 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 894 issues advancing vs. 2,148 declining with 116 unchanged.

The Technology sector currently sits down 1.2% versus the S&P 500, which is down 0.5%. Top gainers within the sector include Infosys ( INFY), up 3.3%, Apple ( AAPL), up 1.0%, Sap ( SAP), up 0.6% and Microsoft ( MSFT), up 0.6%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 2.6%, Xerox Corporation ( XRX), down 2.7%, Rogers Communications ( RCI), down 1.7%, Telecom Italia SpA ( TI.A), down 2.3% and TELUS ( TU), down 1.4%.

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

3. United Microelectronics ( UMC) is one of the companies pushing the Technology sector higher today. As of noon trading, United Microelectronics is up $0.12 (5.1%) to $2.56 on average volume. Thus far, 764,655 shares of United Microelectronics exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $2.53-$2.56 after having opened the day at $2.55 as compared to the previous trading day's close of $2.44.

United Microelectronics Corporation provides semiconductor wafer foundry solutions. United Microelectronics has a market cap of $6.3 billion and is part of the electronics industry. Shares are up 23.0% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates United Microelectronics a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates United Microelectronics 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full United Microelectronics Ratings Report now.

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