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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 19 points (0.1%) at 18,317 as of Tuesday, May 19, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,119 issues advancing vs. 1,843 declining with 190 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is unchanged. Top gainers within the sector include Take-Two Interactive Software ( TTWO), up 15.9%, Lam Research ( LRCX), up 1.9%, Skyworks Solutions ( SWKS), up 1.5%, China Unicom (Hong Kong ( CHU), up 1.4% and China Telecom ( CHA), up 1.0%. On the negative front, top decliners within the sector include VimpelCom ( VIP), down 4.2%, Level 3 Communications ( LVLT), down 1.9%, ABB ( ABB), down 1.9%, Micron Technology ( MU), down 1.8% and CenturyLink ( CTL), down 1.6%.

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

3. Crown Castle International ( CCI) is one of the companies pushing the Technology sector higher today. As of noon trading, Crown Castle International is up $1.03 (1.2%) to $84.62 on average volume. Thus far, 1.5 million shares of Crown Castle International exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $83.32-$84.78 after having opened the day at $83.39 as compared to the previous trading day's close of $83.59.

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Crown Castle International Corp., together with its subsidiaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. Crown Castle International has a market cap of $28.0 billion and is part of the telecommunications industry. Shares are up 6.2% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate Crown Castle International a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Crown Castle International as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, good cash flow from operations and expanding profit margins. 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 Crown Castle International Ratings Report now.

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2. As of noon trading, Google Inc Class C Capital Stock ( GOOG) is up $4.95 (0.9%) to $537.25 on average volume. Thus far, 913,781 shares of Google Inc Class C Capital Stock exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $533.04-$538.50 after having opened the day at $533.98 as compared to the previous trading day's close of $532.30.

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Google Inc., a technology company, builds products and provides services to organize the information. Google Inc Class C Capital Stock has a market cap of $182.9 billion and is part of the internet industry. Shares are up 1.1% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate Google Inc Class C Capital Stock a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Google Inc Class C Capital Stock as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Google Inc Class C Capital Stock Ratings Report now.

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1. As of noon trading, Google ( GOOGL) is up $3.42 (0.6%) to $550.09 on average volume. Thus far, 1.1 million shares of Google exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $547.12-$552.20 after having opened the day at $548.00 as compared to the previous trading day's close of $546.67.

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Google Inc., a technology company, builds products and provides services to organize the information. Google has a market cap of $157.5 billion and is part of the internet industry. Shares are up 3.0% year-to-date as of the close of trading on Monday. Currently there are 25 analysts who rate Google a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Google 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, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Google 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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