3 Technology Stocks On The Rise

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 104 points (0.6%) at 18,145 as of Wednesday, May 27, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,945 issues advancing vs. 1,035 declining with 155 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Skyworks Solutions ( SWKS), up 2.8%, Broadcom ( BRCM), up 2.4%, Nokia Oyj ( NOK), up 2.1%, ASML ( ASML), up 2.1% and Avago Technologies ( AVGO), up 2.0%. A company within the sector that fell today was Nippon Telegraph & Telephone ( NTT), up 1.1%.

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

3. Microsoft ( MSFT) is one of the companies pushing the Technology sector higher today. As of noon trading, Microsoft is up $0.73 (1.6%) to $47.32 on light volume. Thus far, 11.2 million shares of Microsoft exchanged hands as compared to its average daily volume of 37.0 million shares. The stock has ranged in price between $46.62-$47.49 after having opened the day at $46.82 as compared to the previous trading day's close of $46.59.

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Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company's Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system. Microsoft has a market cap of $379.4 billion and is part of the computer software & services industry. Shares are up 0.3% year-to-date as of the close of trading on Tuesday. Currently there are 14 analysts who rate Microsoft a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Microsoft as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Microsoft Ratings Report now.

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2. As of noon trading, Facebook ( FB) is up $0.50 (0.6%) to $79.83 on light volume. Thus far, 6.8 million shares of Facebook exchanged hands as compared to its average daily volume of 25.2 million shares. The stock has ranged in price between $79.43-$80.28 after having opened the day at $79.60 as compared to the previous trading day's close of $79.34.

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Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. Facebook has a market cap of $181.1 billion and is part of the internet industry. Shares are up 1.7% year-to-date as of the close of trading on Tuesday. Currently there are 26 analysts who rate Facebook a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Facebook 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, expanding profit margins, good cash flow from operations 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 Facebook Ratings Report now.

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1. As of noon trading, Apple ( AAPL) is up $2.04 (1.6%) to $131.66 on average volume. Thus far, 25.2 million shares of Apple exchanged hands as compared to its average daily volume of 50.9 million shares. The stock has ranged in price between $130.05-$131.95 after having opened the day at $130.34 as compared to the previous trading day's close of $129.62.

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Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. Apple has a market cap of $763.6 billion and is part of the consumer durables industry. Shares are up 17.4% year-to-date as of the close of trading on Tuesday. 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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