3 Technology Stocks Nudging The 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 30 points (0.2%) at 16,949 as of Wednesday, Aug. 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,346 issues advancing vs. 1,589 declining with 185 unchanged.

The Technology sector currently sits down 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the sector include International Rectifier ( IRF), up 47.4%, Micron Technology ( MU), up 2.7%, F5 Networks ( FFIV), up 2.6%, T-Mobile US ( TMUS), up 2.1% and Garmin ( GRMN), up 1.9%. On the negative front, top decliners within the sector include Nortel Inversora ( NTL), down 8.1%, SK Telecom ( SKM), down 1.3%, Adobe Systems ( ADBE), down 1.3%, China Unicom (Hong Kong ( CHU), down 1.2% and Kyocera ( KYO), down 0.9%.

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

3. BlackBerry ( BBRY) is one of the companies pushing the Technology sector higher today. As of noon trading, BlackBerry is up $0.32 (3.3%) to $10.18 on average volume. Thus far, 7.9 million shares of BlackBerry exchanged hands as compared to its average daily volume of 16.5 million shares. The stock has ranged in price between $9.86-$10.27 after having opened the day at $9.91 as compared to the previous trading day's close of $9.85.

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

BlackBerry Limited provides wireless communications solutions worldwide. BlackBerry has a market cap of $5.1 billion and is part of the telecommunications industry. Shares are up 32.4% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates BlackBerry a buy, 3 analysts rate it a sell, and 21 rate it a hold.

TheStreet Ratings rates BlackBerry as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full BlackBerry 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, SanDisk ( SNDK) is up $2.13 (2.2%) to $97.43 on average volume. Thus far, 1.7 million shares of SanDisk exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $95.25-$97.50 after having opened the day at $95.29 as compared to the previous trading day's close of $95.30.

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

SanDisk Corporation designs, develops, manufactures, and markets data storage products that are used in various consumer electronics products. SanDisk has a market cap of $21.1 billion and is part of the computer hardware industry. Shares are up 35.1% year-to-date as of the close of trading on Tuesday. Currently there are 16 analysts who rate SanDisk a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates SanDisk 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, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full SanDisk 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, LinkedIn ( LNKD) is up $1.98 (0.9%) to $218.69 on light volume. Thus far, 598,009 shares of LinkedIn exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $214.80-$218.86 after having opened the day at $215.53 as compared to the previous trading day's close of $216.71.

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

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $23.3 billion and is part of the internet industry. Shares are down 0.1% year-to-date as of the close of trading on Tuesday. Currently there are 18 analysts who rate LinkedIn a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates LinkedIn 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full LinkedIn 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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