3 Technology Stocks Moving The Sector Upward

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 81 points (0.5%) at 17,082 as of Monday, Aug. 25, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,780 issues advancing vs. 1,159 declining with 188 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is up 0.4%. Top gainers within the sector include Bitauto Holdings ( BITA), up 12.1%, AthenaHealth ( ATHN), up 3.4%, KT Corporation ( KT), up 2.7%, ASML ( ASML), up 2.0% and Vipshop Holdings ( VIPS), up 1.8%. On the negative front, top decliners within the sector include Intuit ( INTU), down 1.8%, Salesforce.com ( CRM), down 1.7%, Wipro ( WIT), down 1.3%, Texas Instruments ( TXN), down 1.1% and Taiwan Semiconductor Manufacturing ( TSM), down 0.7%.

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

3. SanDisk ( SNDK) is one of the companies pushing the Technology sector higher today. As of noon trading, SanDisk is up $0.91 (0.9%) to $98.91 on light volume. Thus far, 938,000 shares of SanDisk exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $97.98-$99.25 after having opened the day at $98.60 as compared to the previous trading day's close of $98.00.

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 $21.9 billion and is part of the computer hardware industry. Shares are up 38.9% year-to-date as of the close of trading on Friday. 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.

2. As of noon trading, Verizon Communications ( VZ) is up $0.40 (0.8%) to $49.04 on light volume. Thus far, 3.7 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.3 million shares. The stock has ranged in price between $48.68-$49.10 after having opened the day at $48.68 as compared to the previous trading day's close of $48.64.

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

Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $202.6 billion and is part of the telecommunications industry. Shares are down 1.0% year-to-date as of the close of trading on Friday. Currently there are 22 analysts who rate Verizon Communications a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Verizon Communications 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, Baidu ( BIDU) is up $2.75 (1.3%) to $216.94 on average volume. Thus far, 1.4 million shares of Baidu exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $214.49-$218.71 after having opened the day at $214.49 as compared to the previous trading day's close of $214.19.

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

Baidu, Inc. provides Internet search services. Baidu has a market cap of $76.0 billion and is part of the internet industry. Shares are up 20.4% year-to-date as of the close of trading on Friday. Currently there are 11 analysts who rate Baidu a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Baidu 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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