3 Technology Stocks Driving The 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 72 points (-0.4%) at 17,208 as of Monday, Sept. 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 456 issues advancing vs. 2,548 declining with 145 unchanged.

The Technology sector currently sits down 1.5% versus the S&P 500, which is down 0.8%. On the negative front, top decliners within the sector include Vipshop Holdings Ltd ADR ( VIPS), down 5.3%, TripAdvisor ( TRIP), down 4.4%, T-Mobile US ( TMUS), down 3.5%, Xerox Corporation ( XRX), down 3.0% and LinkedIn ( LNKD), down 2.8%.

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

3. SAP SE ( SAP) is one of the companies pushing the Technology sector higher today. As of noon trading, SAP SE is up $0.46 (0.6%) to $74.43 on average volume. Thus far, 583,484 shares of SAP SE exchanged hands as compared to its average daily volume of 810,600 shares. The stock has ranged in price between $74.27-$74.71 after having opened the day at $74.71 as compared to the previous trading day's close of $73.97.

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

SAP AG provides enterprise application software and software-related services worldwide. SAP SE has a market cap of $92.4 billion and is part of the computer software & services industry. Shares are down 15.1% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate SAP SE a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates SAP SE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, expanding profit margins 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 SAP SE 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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