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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 17,085 as of Tuesday, Sept. 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,160 issues advancing vs. 1,849 declining with 136 unchanged.

The Technology sector currently sits down 0.6% versus the S&P 500, which is down 0.2%. Top gainers within the sector include eBay ( EBAY), up 7.3%, Cognizant Technology Solutions ( CTSH), up 1.5%, Hewlett-Packard ( HPQ), up 1.1%, America Movil SAB de CV ( AMX), up 1.0% and Cisco Systems ( CSCO), up 0.9%. On the negative front, top decliners within the sector include TE Connectivity ( TEL), down 4.2%, LG Display ( LPL), down 3.7%, NTT DoCoMo ( DCM), down 1.9%, Kyocera ( KYO), down 1.7% and Telecom Italia SpA ( TI), down 1.6%.

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

3. EMC ( EMC) is one of the companies pushing the Technology sector higher today. As of noon trading, EMC is up $0.42 (1.5%) to $29.25 on average volume. Thus far, 9.5 million shares of EMC exchanged hands as compared to its average daily volume of 16.4 million shares. The stock has ranged in price between $28.86-$29.28 after having opened the day at $29.05 as compared to the previous trading day's close of $28.83.

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

EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It operates in three segments: Information Storage, Information Intelligence Group, and RSA Information Security. EMC has a market cap of $58.9 billion and is part of the computer hardware industry. Shares are up 14.6% year-to-date as of the close of trading on Monday. Currently there are 20 analysts who rate EMC a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates EMC 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, expanding profit margins, good cash flow from operations 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 EMC 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, Verizon Communications ( VZ) is up $0.28 (0.6%) to $50.02 on average volume. Thus far, 5.2 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.5 million shares. The stock has ranged in price between $49.60-$50.24 after having opened the day at $49.67 as compared to the previous trading day's close of $49.75.

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

Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $206.3 billion and is part of the telecommunications industry. Shares are up 1.2% year-to-date as of the close of trading on Monday. Currently there are 20 analysts who rate Verizon Communications a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, compelling growth in net income, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Verizon Communications 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, Yahoo ( YHOO) is up $0.32 (0.8%) to $40.84 on average volume. Thus far, 16.7 million shares of Yahoo exchanged hands as compared to its average daily volume of 31.5 million shares. The stock has ranged in price between $40.44-$41.23 after having opened the day at $40.58 as compared to the previous trading day's close of $40.52.

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

Yahoo! Inc. operates as a technology company worldwide. It operates in Marketing Solutions Business and Consumer Business segments. Yahoo has a market cap of $40.4 billion and is part of the internet industry. Shares are up 0.2% year-to-date as of the close of trading on Monday. Currently there are 12 analysts who rate Yahoo a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Yahoo 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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