3 Stocks Improving Performance Of 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 16 points (-0.1%) at 18,296 as of Wednesday, May 20, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,497 issues advancing vs. 1,463 declining with 190 unchanged.

The Technology sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Tim Participacoes ( TSU), up 5.3%, Analog Devices ( ADI), up 4.0%, Computer ( CSC), up 3.5%, Micron Technology ( MU), up 2.5% and NetEase ( NTES), up 2.2%. On the negative front, top decliners within the sector include Qihoo 360 Technology ( QIHU), down 7.6%, Salesforce.com ( CRM), down 2.5%, American Tower ( AMT), down 1.2%, Hewlett-Packard ( HPQ), down 1.1% and Crown Castle International ( CCI), down 1.0%.

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

3. Nokia Oyj ( NOK) is one of the companies pushing the Technology sector higher today. As of noon trading, Nokia Oyj is up $0.13 (1.9%) to $7.11 on average volume. Thus far, 12.2 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 30.2 million shares. The stock has ranged in price between $7.02-$7.16 after having opened the day at $7.05 as compared to the previous trading day's close of $6.98.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. Nokia Oyj has a market cap of $25.6 billion and is part of the telecommunications industry. Shares are down 11.2% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Nokia Oyj a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Nokia Oyj Ratings Report now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

2. As of noon trading, Equinix ( EQIX) is up $5.59 (2.1%) to $269.27 on average volume. Thus far, 524,890 shares of Equinix exchanged hands as compared to its average daily volume of 906,100 shares. The stock has ranged in price between $266.19-$270.01 after having opened the day at $269.91 as compared to the previous trading day's close of $263.68.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Equinix, Inc. is a publicly owned real estate investment trust. Equinix has a market cap of $14.9 billion and is part of the internet industry. Shares are up 16.3% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Equinix a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Equinix as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, 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 Equinix Ratings Report now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

1. As of noon trading, Yahoo ( YHOO) is up $1.42 (3.5%) to $42.40 on heavy volume. Thus far, 36.1 million shares of Yahoo exchanged hands as compared to its average daily volume of 13.3 million shares. The stock has ranged in price between $42.16-$42.75 after having opened the day at $42.28 as compared to the previous trading day's close of $40.98.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Yahoo! Inc. provides search and display advertising services on Yahoo properties and affiliate sites worldwide. Yahoo has a market cap of $41.6 billion and is part of the internet industry. Shares are down 18.9% year-to-date as of the close of trading on Tuesday. Currently there are 18 analysts who rate Yahoo a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Yahoo 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, notable return on equity, reasonable valuation levels and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Yahoo Ratings Report now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

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).

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers