3 Stocks Advancing 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 92 points (0.6%) at 16,652 as of Wednesday, Aug. 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,209 issues advancing vs. 757 declining with 152 unchanged.

The Technology sector currently sits up 0.5% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Amazon.com ( AMZN), up 2.8%, Micron Technology ( MU), up 2.4%, Yahoo ( YHOO), up 2.1%, Taiwan Semiconductor Manufacturing ( TSM), up 2.1% and China Telecom ( CHA), up 1.9%. A company within the sector that fell today was eBay ( EBAY), up 0.8%.

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

3. Microsoft ( MSFT) is one of the companies pushing the Technology sector higher today. As of noon trading, Microsoft is up $0.50 (1.1%) to $44.02 on average volume. Thus far, 11.8 million shares of Microsoft exchanged hands as compared to its average daily volume of 28.7 million shares. The stock has ranged in price between $43.52-$44.03 after having opened the day at $43.68 as compared to the previous trading day's close of $43.52.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company's Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system. Microsoft has a market cap of $356.0 billion and is part of the computer software & services industry. Shares are up 16.3% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate Microsoft a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Microsoft 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, solid stock price performance, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Microsoft Ratings Report now.

STOCKS TO BUY: 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, Facebook Inc Class A ( FB) is up $1.24 (1.7%) to $74.06 on average volume. Thus far, 19.1 million shares of Facebook Inc Class A exchanged hands as compared to its average daily volume of 43.4 million shares. The stock has ranged in price between $73.05-$74.25 after having opened the day at $73.12 as compared to the previous trading day's close of $72.83.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. Facebook Inc Class A has a market cap of $148.0 billion and is part of the internet industry. Shares are up 33.3% year-to-date as of the close of trading on Tuesday. Currently there are 30 analysts who rate Facebook Inc Class A a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Facebook Inc Class A as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. Get the full Facebook Inc Class A Ratings Report now.

STOCKS TO BUY: 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, Apple ( AAPL) is up $0.76 (0.8%) to $96.73 on light volume. Thus far, 16.4 million shares of Apple exchanged hands as compared to its average daily volume of 55.0 million shares. The stock has ranged in price between $96.04-$96.95 after having opened the day at $96.15 as compared to the previous trading day's close of $95.97.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Apple Inc. and its wholly-owned subsidiaries design, manufacture, and market mobile communication and media devices, personal computers, and portable digital music players worldwide. Apple has a market cap of $574.8 billion and is part of the consumer durables industry. Shares are up 19.7% year-to-date as of the close of trading on Tuesday. Currently there are 28 analysts who rate Apple a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Apple 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, notable return on equity, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Apple Ratings Report now.

STOCKS TO BUY: 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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