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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 7 points (0.0%) at 17,032 as of Friday, Aug. 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,152 issues advancing vs. 1,771 declining with 181 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is unchanged. Top gainers within the sector include NXP Semiconductors ( NXPI), up 2.4%, LinkedIn ( LNKD), up 1.9%, China Telecom ( CHA), up 1.6%, Infosys ( INFY), up 1.1% and Taiwan Semiconductor Manufacturing ( TSM), up 1.0%. On the negative front, top decliners within the sector include Intuit ( INTU), down 2.5%, America Movil SAB de CV ( AMOV), down 1.7%, Telefonica Brasil ( VIV), down 1.4%, America Movil SAB de CV ( AMX), down 1.2% and Baidu ( BIDU), down 1.1%.

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

3. ServiceNow ( NOW) is one of the companies pushing the Technology sector higher today. As of noon trading, ServiceNow is up $2.64 (4.6%) to $59.54 on average volume. Thus far, 959,161 shares of ServiceNow exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $56.62-$59.74 after having opened the day at $56.97 as compared to the previous trading day's close of $56.90.

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

ServiceNow, Inc. provides cloud-based services to automate enterprise IT operations primarily in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. ServiceNow has a market cap of $8.4 billion and is part of the computer software & services industry. Shares are up 1.6% year-to-date as of the close of trading on Thursday. Currently there are 13 analysts who rate ServiceNow a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates ServiceNow as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk and feeble growth in its earnings per share. Get the full ServiceNow 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, TripAdvisor ( TRIP) is up $2.62 (2.7%) to $100.52 on light volume. Thus far, 601,745 shares of TripAdvisor exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $97.05-$100.63 after having opened the day at $98.27 as compared to the previous trading day's close of $97.90.

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

TripAdvisor, Inc. operates as an online travel company. TripAdvisor has a market cap of $12.8 billion and is part of the internet industry. Shares are up 18.2% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts who rate TripAdvisor a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates TripAdvisor as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we find that net income has been generally deteriorating over time. Get the full TripAdvisor 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, Salesforce.com ( CRM) is up $5.24 (9.4%) to $60.95 on heavy volume. Thus far, 17.3 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $57.77-$61.00 after having opened the day at $57.89 as compared to the previous trading day's close of $55.71.

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

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $34.0 billion and is part of the computer software & services industry. Shares are up 0.9% year-to-date as of the close of trading on Thursday. Currently there are 24 analysts who rate Salesforce.com a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and generally higher debt management risk. Get the full Salesforce.com 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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