3 Stocks Boosting 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 up 15 points (0.1%) at 17,122 as of Wednesday, Aug. 27, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,632 issues advancing vs. 1,319 declining with 192 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is unchanged. Top gainers within the sector include Oi ( OIBR), up 11.3%, AU Optronics ( AUO), up 6.8%, Telecom Italia SpA ( TI), up 4.1%, Telecom Italia SpA ( TI.A), up 3.9% and Applied Materials ( AMAT), up 1.8%. On the negative front, top decliners within the sector include Solera Holdings ( SLH), down 8.8%, Qihoo 360 Technology ( QIHU), down 4.3%, Accenture ( ACN), down 0.7%, eBay ( EBAY), down 0.7% and NTT DoCoMo ( DCM), down 0.6%.

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

3. Mobile Telesystems OJSC ( MBT) is one of the companies pushing the Technology sector higher today. As of noon trading, Mobile Telesystems OJSC is up $0.45 (2.3%) to $19.84 on average volume. Thus far, 1.4 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $19.44-$19.85 after having opened the day at $19.50 as compared to the previous trading day's close of $19.39.

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

Mobile TeleSystems OJSC provides a range of mobile and fixed line voice and data telecommunications services in Russia and the CIS. It offers data transfer, broadband, pay-TV, and various value-added services, as well as sells equipment and accessories. Mobile Telesystems OJSC has a market cap of $19.2 billion and is part of the telecommunications industry. Shares are down 10.4% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Mobile Telesystems OJSC 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, America Movil SAB de CV ( AMX) is up $0.20 (0.8%) to $24.14 on light volume. Thus far, 1.2 million shares of America Movil SAB de CV exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $23.99-$24.16 after having opened the day at $24.03 as compared to the previous trading day's close of $23.94.

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

America Movil, S.A.B. de C.V. provides telecommunications services in the United States, Latin America, and the Caribbean. America Movil SAB de CV has a market cap of $84.1 billion and is part of the telecommunications industry. Shares are up 2.4% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates America Movil SAB de CV a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates America Movil SAB de CV as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, expanding profit margins and increase in net income. 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 America Movil SAB de CV 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 $0.89 (0.9%) to $101.78 on average volume. Thus far, 21.0 million shares of Apple exchanged hands as compared to its average daily volume of 50.0 million shares. The stock has ranged in price between $100.70-$101.98 after having opened the day at $101.02 as compared to the previous trading day's close of $100.89.

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 $608.0 billion and is part of the consumer durables industry. Shares are up 25.9% year-to-date as of the close of trading on Tuesday. Currently there are 27 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. 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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