3 Stocks Pushing 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 80 points (-0.5%) at 17,033 as of Monday, Sept. 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 959 issues advancing vs. 2,053 declining with 145 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.5%. Top gainers within the sector include Micron Technology ( MU), up 1.7%, and Intel ( INTC), up 1.5%. On the negative front, top decliners within the sector include Philippine Long Distance Telephone ( PHI), down 5.2%, VimpelCom ( VIP), down 4.5%, Mobile Telesystems OJSC ( MBT), down 3.8%, Tim Participacoes ( TSU), down 3.0% and Telefonica Brasil ( VIV), down 2.7%.

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

3. Adobe Systems ( ADBE) is one of the companies pushing the Technology sector higher today. As of noon trading, Adobe Systems is up $0.74 (1.1%) to $69.10 on average volume. Thus far, 1.7 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $67.55-$69.39 after having opened the day at $67.69 as compared to the previous trading day's close of $68.36.

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

Adobe Systems Incorporated operates as a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. Adobe Systems has a market cap of $33.7 billion and is part of the computer software & services industry. Shares are up 14.2% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate Adobe Systems a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Adobe Systems as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Adobe 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.

2. As of noon trading, Cisco Systems ( CSCO) is up $0.13 (0.5%) to $25.13 on average volume. Thus far, 15.9 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 25.4 million shares. The stock has ranged in price between $24.73-$25.19 after having opened the day at $24.73 as compared to the previous trading day's close of $25.00.

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) based networking products and services related to the communications and information technology industry worldwide. Cisco Systems has a market cap of $125.1 billion and is part of the computer hardware industry. Shares are up 11.5% year-to-date as of the close of trading on Friday. Currently there are 16 analysts who rate Cisco Systems a buy, 1 analyst rates it a sell, and 7 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.

1. As of noon trading, Baidu ( BIDU) is up $1.34 (0.6%) to $220.36 on average volume. Thus far, 2.0 million shares of Baidu exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $217.05-$222.54 after having opened the day at $219.42 as compared to the previous trading day's close of $219.02.

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

Baidu, Inc. provides Internet search services. Baidu has a market cap of $76.3 billion and is part of the internet industry. Shares are up 23.1% year-to-date as of the close of trading on Friday. Currently there are 11 analysts who rate Baidu a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Baidu 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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