3 Stocks Pushing The Technology Sector Higher

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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.

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