3 Technology Stocks Pushing Sector Growth

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 25 points (-0.1%) at 16,936 as of Monday, July 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,900 declining with 205 unchanged.

The Technology sector currently sits down 0.7% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Qihoo 360 Technology ( QIHU), up 3.9%, Roper Industries ( ROP), up 3.0%, Advanced Semiconductor Engineering ( ASX), up 2.5%, China Unicom (Hong Kong ( CHU), up 2.3% and Apple ( AAPL), up 0.7%. On the negative front, top decliners within the sector include Micron Technology ( MU), down 4.1%, Salesforce.com ( CRM), down 1.6%, NXP Semiconductors ( NXPI), down 1.6%, Wipro ( WIT), down 0.9% and Emerson Electric ( EMR), down 0.9%.

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

3. Trulia ( TRLA) is one of the companies pushing the Technology sector higher today. As of noon trading, Trulia is up $7.28 (12.9%) to $63.63 on heavy volume. Thus far, 9.6 million shares of Trulia exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $60.57-$64.10 after having opened the day at $63.23 as compared to the previous trading day's close of $56.35.

Trulia, Inc. provides tools to research homes and neighborhoods for consumers through Web and mobile applications. The company, through its tools, also enables real estate professionals to market their listings. Trulia has a market cap of $2.0 billion and is part of the internet industry. Shares are up 59.8% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate Trulia a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Trulia as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share. Get the full Trulia 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, Crown Castle International ( CCI) is up $1.54 (2.1%) to $74.75 on heavy volume. Thus far, 1.4 million shares of Crown Castle International exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $73.17-$74.92 after having opened the day at $73.29 as compared to the previous trading day's close of $73.21.

Crown Castle International Corp., together with its subsidiaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. Crown Castle International has a market cap of $24.6 billion and is part of the telecommunications industry. Shares are down 0.3% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate Crown Castle International a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Crown Castle International as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Crown Castle International 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, EMC ( EMC) is up $0.28 (0.9%) to $29.48 on average volume. Thus far, 9.3 million shares of EMC exchanged hands as compared to its average daily volume of 14.9 million shares. The stock has ranged in price between $29.13-$29.50 after having opened the day at $29.13 as compared to the previous trading day's close of $29.20.

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 $59.1 billion and is part of the computer hardware industry. Shares are up 16.1% year-to-date as of the close of trading on Friday. 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, good cash flow from operations 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 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.

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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