3 Stocks Boosting 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 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.

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