3 Stocks Advancing The Technology Sector

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 67 points (-0.4%) at 17,031 as of Tuesday, Sept. 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,801 declining with 159 unchanged.

The Technology sector currently sits up 0.5% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Splunk ( SPLK), up 6.4%, China Telecom ( CHA), up 4.4%, ASML ( ASML), up 3.7%, SK Telecom ( SKM), up 2.7% and Avago Technologies ( AVGO), up 2.5%. On the negative front, top decliners within the sector include Micron Technology ( MU), down 2.8%, Telecom Italia SpA ( TI), down 2.1%, Qualcomm ( QCOM), down 1.6%, Applied Materials ( AMAT), down 1.4% and LM Ericsson Telephone Company ( ERIC), down 1.4%.

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

3. Google ( GOOGL) is one of the companies pushing the Technology sector higher today. As of noon trading, Google is up $4.39 (0.8%) to $586.75 on average volume. Thus far, 913,177 shares of Google exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $582.40-$588.47 after having opened the day at $582.95 as compared to the previous trading day's close of $582.36.

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

Google Inc., a technology company, builds products and provides services to organize the information. Google has a market cap of $165.0 billion and is part of the internet industry. Shares are up 3.6% year-to-date as of the close of trading on Friday. Currently there are 26 analysts who rate Google a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Google as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Google 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, Facebook Inc Class A ( FB) is up $1.22 (1.6%) to $76.04 on average volume. Thus far, 18.6 million shares of Facebook Inc Class A exchanged hands as compared to its average daily volume of 38.7 million shares. The stock has ranged in price between $74.82-$76.12 after having opened the day at $75.01 as compared to the previous trading day's close of $74.82.

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

Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. Facebook Inc Class A has a market cap of $150.8 billion and is part of the internet industry. Shares are up 36.9% year-to-date as of the close of trading on Friday. Currently there are 30 analysts who rate Facebook Inc Class A a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Facebook Inc Class A as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. Get the full Facebook Inc Class A 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 $0.96 (0.9%) to $103.46 on average volume. Thus far, 31.0 million shares of Apple exchanged hands as compared to its average daily volume of 49.6 million shares. The stock has ranged in price between $102.72-$103.74 after having opened the day at $103.06 as compared to the previous trading day's close of $102.50.

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 $613.8 billion and is part of the consumer durables industry. Shares are up 27.9% year-to-date as of the close of trading on Friday. 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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).

null

More from Markets

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices