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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