Technology Stocks On The Rise With Help From 3 Stocks

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 13 points (0.1%) at 18,298 as of Thursday, May 21, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,736 issues advancing vs. 1,249 declining with 166 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is up 0.3%. Top gainers within the sector include Salesforce.com ( CRM), up 4.2%, Emerson Electric ( EMR), up 3.7%, Nokia Oyj ( NOK), up 3.5%, T-Mobile US ( TMUS), up 2.6% and Hewlett-Packard ( HPQ), up 2.6%. On the negative front, top decliners within the sector include Open Text ( OTEX), down 13.9%, Vipshop Holdings Ltd ADR A ( VIPS), down 8.4%, China Telecom ( CHA), down 3.1%, Taiwan Semiconductor Manufacturing ( TSM), down 1.3% and America Movil SAB de CV ( AMX), down 0.7%.

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

3. NetEase ( NTES) is one of the companies pushing the Technology sector higher today. As of noon trading, NetEase is up $4.56 (3.2%) to $148.70 on heavy volume. Thus far, 487,162 shares of NetEase exchanged hands as compared to its average daily volume of 639,700 shares. The stock has ranged in price between $144.59-$148.93 after having opened the day at $145.56 as compared to the previous trading day's close of $144.13.

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NetEase, Inc., through its subsidiaries, operates an interactive online community in the People's Republic of China. The company operates in three segments: Online Game Services; Advertising Services; and E-mail, E-commerce and Others. NetEase has a market cap of $18.3 billion and is part of the internet industry. Shares are up 45.4% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts who rate NetEase a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NetEase 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, solid stock price performance, growth in earnings per share and increase in net income. 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 NetEase Ratings Report now.

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2. As of noon trading, eBay ( EBAY) is up $0.62 (1.1%) to $59.77 on light volume. Thus far, 2.4 million shares of eBay exchanged hands as compared to its average daily volume of 7.6 million shares. The stock has ranged in price between $59.00-$59.94 after having opened the day at $59.00 as compared to the previous trading day's close of $59.15.

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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 $72.0 billion and is part of the specialty retail industry. Shares are up 5.4% 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 its 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, Amazon.com ( AMZN) is up $11.17 (2.6%) to $435.03 on heavy volume. Thus far, 2.4 million shares of Amazon.com exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $428.00-$436.90 after having opened the day at $428.00 as compared to the previous trading day's close of $423.86.

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Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates in two segments, North America and International. Amazon.com has a market cap of $196.4 billion and is part of the retail industry. Shares are up 36.6% year-to-date as of the close of trading on Wednesday. Currently there are 16 analysts who rate Amazon.com a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Amazon.com as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Amazon.com 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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