3 Technology Stocks Moving The Sector Upward

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 22 points (0.1%) at 17,388 as of Tuesday, Nov. 4, 2014, 2:05 PM ET. The NYSE advances/declines ratio sits at 1,085 issues advancing vs. 1,951 declining with 143 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is down 0.4%. Top gainers within the sector include Automatic Data Processing ( ADP), up 1.9%, and China Telecom ( CHA), up 1.4%. On the negative front, top decliners within the sector include NTT DoCoMo ( DCM), down 4.8%, Philippine Long Distance Telephone ( PHI), down 5.0%, Nippon Telegraph & Telephone ( NTT), down 3.9%, Telecom Italia SpA ( TI), down 2.7% and Nokia Oyj ( NOK), down 3.1%.

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

3. Cisco Systems ( CSCO) is one of the companies pushing the Technology sector higher today. As of noon trading, Cisco Systems is up $0.24 (1.0%) to $24.82 on average volume. Thus far, 13.1 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 26.6 million shares. The stock has ranged in price between $24.58-$24.91 after having opened the day at $24.60 as compared to the previous trading day's close of $24.58.

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 $125.3 billion and is part of the computer hardware industry. Shares are up 9.6% year-to-date as of the close of trading on Monday. Currently there are 15 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, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and growth in earnings per share. 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.

2. As of noon trading, Baidu ( BIDU) is up $2.99 (1.3%) to $239.53 on average volume. Thus far, 2.5 million shares of Baidu exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $235.00-$241.85 after having opened the day at $235.08 as compared to the previous trading day's close of $236.54.

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 $83.7 billion and is part of the internet industry. Shares are up 33.0% year-to-date as of the close of trading on Monday. Currently there are 12 analysts who rate Baidu a buy, no analysts rate it a sell, and 1 rates 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, 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 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.

1. As of noon trading, Facebook Inc Class A ( FB) is up $1.14 (1.5%) to $75.02 on average volume. Thus far, 24.0 million shares of Facebook Inc Class A exchanged hands as compared to its average daily volume of 36.7 million shares. The stock has ranged in price between $73.65-$75.05 after having opened the day at $74.23 as compared to the previous trading day's close of $73.88.

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 $166.8 billion and is part of the internet industry. Shares are up 35.2% year-to-date as of the close of trading on Monday. Currently there are 29 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 company's return on equity has been disappointing. 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.

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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