Today's Top Performers In Technology

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 32 points (-0.2%) at 17,036 as of Thursday, Sept. 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,537 issues advancing vs. 1,470 declining with 140 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is down 0.1%. Top gainers within the sector include China Unicom (Hong Kong ( CHU), up 1.3%, TE Connectivity ( TEL), up 1.3%, Salesforce.com ( CRM), up 1.0%, China Telecom ( CHA), up 0.8% and Facebook ( FB), up 0.5%. On the negative front, top decliners within the sector include 21Vianet Group ( VNET), down 18.6%, VimpelCom ( VIP), down 1.9%, Mobile Telesystems OJSC ( MBT), down 1.9%, Telefonica ( TEF), down 1.6% and Wipro ( WIT), down 1.1%.

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

3. ASML ( ASML) is one of the companies pushing the Technology sector higher today. As of noon trading, ASML is up $1.05 (1.1%) to $98.55 on heavy volume. Thus far, 966,896 shares of ASML exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $97.54-$98.61 after having opened the day at $97.73 as compared to the previous trading day's close of $97.50.

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

ASML Holding N.V. designs, manufactures, markets, and services semiconductor processing equipment used in the fabrication of intercircuits worldwide. ASML has a market cap of $42.5 billion and is part of the electronics industry. Shares are up 3.8% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who rate ASML a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates ASML as a buy. 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, notable return on equity, expanding profit margins and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full ASML 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, Applied Materials ( AMAT) is up $0.35 (1.6%) to $22.72 on average volume. Thus far, 5.0 million shares of Applied Materials exchanged hands as compared to its average daily volume of 12.6 million shares. The stock has ranged in price between $22.28-$22.75 after having opened the day at $22.36 as compared to the previous trading day's close of $22.37.

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

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $27.4 billion and is part of the electronics industry. Shares are up 26.5% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate Applied Materials a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Applied Materials 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Applied Materials 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, Cisco Systems ( CSCO) is up $0.16 (0.7%) to $25.10 on light volume. Thus far, 8.6 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 25.0 million shares. The stock has ranged in price between $24.85-$25.10 after having opened the day at $24.92 as compared to the previous trading day's close of $24.93.

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

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide. Cisco Systems has a market cap of $127.4 billion and is part of the computer hardware industry. Shares are up 11.2% year-to-date as of the close of trading on Wednesday. Currently there are 16 analysts who rate Cisco Systems a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Cisco Systems 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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