Today's Stocks Driving Success For The Technology Sector

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 104 points (-0.6%) at 17,824 as of Wednesday, May 6, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 986 issues advancing vs. 2,035 declining with 119 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Rogers Communications ( RCI), up 4.0%, Salesforce.com ( CRM), up 2.2%, TELUS ( TU), up 2.0%, BT Group ( BT), up 1.3% and ASML ( ASML), up 0.9%. On the negative front, top decliners within the sector include Frontier Communications ( FTR), down 8.8%, China Telecom ( CHA), down 3.1%, China Unicom (Hong Kong ( CHU), down 2.7%, Wipro ( WIT), down 2.2% and Infosys ( INFY), down 1.9%.

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 $0.60 (0.8%) to $75.08 on average volume. Thus far, 646,593 shares of SAP SE exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $74.45-$75.39 after having opened the day at $75.08 as compared to the previous trading day's close of $74.47.

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SAP SE provides application and analytics software and software-related services for enterprises worldwide. SAP SE has a market cap of $91.1 billion and is part of the computer software & services industry. Shares are up 9.4% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate SAP SE a buy, 1 analyst rates it a sell, and 7 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 reasonable valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures 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.

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2. As of noon trading, Electronic Arts ( EA) is up $1.89 (3.2%) to $61.05 on heavy volume. Thus far, 8.6 million shares of Electronic Arts exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $60.54-$63.25 after having opened the day at $61.35 as compared to the previous trading day's close of $59.16.

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Electronic Arts Inc. develops, markets, publishes, and distributes game software content and services for video game consoles, personal computers, mobile phones, and tablets. The company operates through EA Games, EA SPORTS, Maxis, PopCap, and All Play segments. Electronic Arts has a market cap of $18.4 billion and is part of the computer software & services industry. Shares are up 26.1% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate Electronic Arts a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Electronic Arts 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, solid stock price performance and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Electronic Arts Ratings Report now.

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1. As of noon trading, Facebook ( FB) is up $0.96 (1.2%) to $78.52 on average volume. Thus far, 17.3 million shares of Facebook exchanged hands as compared to its average daily volume of 25.5 million shares. The stock has ranged in price between $77.05-$78.81 after having opened the day at $77.97 as compared to the previous trading day's close of $77.56.

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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 has a market cap of $177.2 billion and is part of the internet industry. Shares are up 1.0% year-to-date as of the close of trading on Tuesday. Currently there are 27 analysts who rate Facebook a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Facebook 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and premium valuation. Get the full Facebook Ratings Report now.

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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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