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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 34 points (0.2%) at 16,464 as of Wednesday, Aug. 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,014 issues advancing vs. 970 declining with 140 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is up 0.4%. Top gainers within the sector include Crown Castle International ( CCI), up 4.6%, Cerner ( CERN), up 2.9%, Activision Blizzard ( ATVI), up 2.6%, ASML ( ASML), up 1.5% and Taiwan Semiconductor Manufacturing ( TSM), up 1.5%. On the negative front, top decliners within the sector include China Unicom (Hong Kong ( CHU), down 4.8%, Infosys ( INFY), down 2.8%, China Telecom ( CHA), down 2.4%, Telecom Italia SpA ( TI.A), down 2.1% and Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.8%.

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

3. Oracle Corporation ( ORCL) is one of the companies pushing the Technology sector higher today. As of noon trading, Oracle Corporation is up $0.30 (0.8%) to $40.26 on light volume. Thus far, 4.2 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 13.8 million shares. The stock has ranged in price between $39.78-$40.35 after having opened the day at $39.78 as compared to the previous trading day's close of $39.96.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide. Oracle Corporation has a market cap of $178.6 billion and is part of the computer software & services industry. Shares are up 4.8% year-to-date as of the close of trading on Tuesday. Currently there are 15 analysts who rate Oracle Corporation a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Oracle Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Oracle Corporation Ratings Report now.

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2. As of noon trading, eBay ( EBAY) is up $0.31 (0.6%) to $53.57 on average volume. Thus far, 4.7 million shares of eBay exchanged hands as compared to its average daily volume of 12.2 million shares. The stock has ranged in price between $52.80-$53.69 after having opened the day at $52.96 as compared to the previous trading day's close of $53.26.

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 $65.9 billion and is part of the specialty retail industry. Shares are down 3.3% year-to-date as of the close of trading on Tuesday. Currently there are 18 analysts who rate eBay a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates eBay 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, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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.

1. As of noon trading, Cisco Systems ( CSCO) is up $0.23 (0.9%) to $25.20 on light volume. Thus far, 9.1 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 30.7 million shares. The stock has ranged in price between $24.85-$25.21 after having opened the day at $24.93 as compared to the previous trading day's close of $24.97.

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 $128.9 billion and is part of the computer hardware industry. Shares are up 12.2% year-to-date as of the close of trading on Tuesday. 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, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. 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.

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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