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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 114 points (0.6%) at 17,956 as of Thursday, May 7, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,846 issues advancing vs. 1,171 declining with 124 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is up 0.6%. Top gainers within the sector include Activision Blizzard ( ATVI), up 5.3%, Avago Technologies ( AVGO), up 5.2%, Yahoo ( YHOO), up 4.8%, Amazon.com ( AMZN), up 1.8% and NTT DoCoMo ( DCM), up 1.7%. On the negative front, top decliners within the sector include SK Telecom ( SKM), down 6.6%, and Micron Technology ( MU), down 2.5%.

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

3. Accenture ( ACN) is one of the companies pushing the Technology sector higher today. As of noon trading, Accenture is up $1.64 (1.8%) to $94.64 on average volume. Thus far, 1.4 million shares of Accenture exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $92.74-$94.67 after having opened the day at $92.93 as compared to the previous trading day's close of $93.00.

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Accenture plc provides management consulting, technology, and business process outsourcing services worldwide. Accenture has a market cap of $58.6 billion and is part of the computer software & services industry. Shares are up 4.9% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate Accenture a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Accenture 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, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Accenture Ratings Report now.

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2. As of noon trading, eBay ( EBAY) is up $0.45 (0.8%) to $57.94 on average volume. Thus far, 3.3 million shares of eBay exchanged hands as compared to its average daily volume of 8.0 million shares. The stock has ranged in price between $57.30-$58.22 after having opened the day at $57.49 as compared to the previous trading day's close of $57.49.

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eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise. eBay has a market cap of $70.4 billion and is part of the specialty retail industry. Shares are up 3.2% year-to-date as of the close of trading on Wednesday. Currently there are 13 analysts who rate eBay a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates eBay as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full eBay Ratings Report now.

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1. As of noon trading, Apple ( AAPL) is up $1.35 (1.1%) to $125.84 on average volume. Thus far, 24.5 million shares of Apple exchanged hands as compared to its average daily volume of 52.6 million shares. The stock has ranged in price between $124.02-$125.94 after having opened the day at $124.77 as compared to the previous trading day's close of $124.49.

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Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications. Apple has a market cap of $724.7 billion and is part of the consumer durables industry. Shares are up 14.0% year-to-date as of the close of trading on Wednesday. Currently there are 23 analysts who rate Apple a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Apple as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Apple 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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