3 Stocks Pushing The Technology 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 17,039 as of Tuesday, July 15, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 915 issues advancing vs. 2,069 declining with 174 unchanged.

The Technology sector currently sits down 0.8% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Cerner ( CERN), up 3.2%, and America Movil SAB de CV ( AMOV), up 2.0%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 3.5%, Telecom Italia SpA ( TI.A), down 3.4%, TELUS ( TU), down 2.7%, SK Telecom ( SKM), down 2.0% and Salesforce.com ( CRM), down 1.8%.

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 $0.96 (0.5%) to $189.48 on average volume. Thus far, 1.4 million shares of Baidu exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $186.79-$189.95 after having opened the day at $188.95 as compared to the previous trading day's close of $188.52.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $65.2 billion and is part of the internet industry. Shares are up 6.0% year-to-date as of the close of trading on Monday. 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. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Baidu 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 $0.14 (0.6%) to $25.58 on average volume. Thus far, 13.5 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 31.2 million shares. The stock has ranged in price between $25.36-$25.59 after having opened the day at $25.38 as compared to the previous trading day's close of $25.44.

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 $130.7 billion and is part of the computer hardware industry. Shares are up 13.8% year-to-date as of the close of trading on Monday. Currently there are 16 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, AT&T ( T) is up $0.33 (0.9%) to $36.19 on average volume. Thus far, 13.8 million shares of AT&T exchanged hands as compared to its average daily volume of 22.6 million shares. The stock has ranged in price between $35.92-$36.25 after having opened the day at $35.95 as compared to the previous trading day's close of $35.86.

AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. AT&T has a market cap of $185.6 billion and is part of the telecommunications industry. Shares are up 2.0% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate AT&T a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures 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 AT&T 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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