3 Stocks Boosting The Technology 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.2%) at 18,080 as of Tuesday, June 2, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,713 issues advancing vs. 1,260 declining with 163 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Youku Tudou ( YOKU), up 8.1%, Tim Participacoes ( TSU), up 5.5%, Telecom Italia SpA ( TI), up 5.0%, Telecom Italia SpA ( TI.A), up 4.7% and LG Display ( LPL), up 4.0%. On the negative front, top decliners within the sector include Iron Mountain ( IRM), down 4.7%, Avago Technologies ( AVGO), down 1.9%, NXP Semiconductors ( NXPI), down 1.4%, Infosys ( INFY), down 1.4% and ASML ( ASML), down 1.0%.

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

3. Hewlett-Packard ( HPQ) is one of the companies pushing the Technology sector higher today. As of noon trading, Hewlett-Packard is up $0.42 (1.2%) to $34.18 on average volume. Thus far, 5.2 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 12.1 million shares. The stock has ranged in price between $33.33-$34.22 after having opened the day at $33.66 as compared to the previous trading day's close of $33.76.

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Hewlett-Packard Company, together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $60.7 billion and is part of the computer hardware industry. Shares are down 15.9% year-to-date as of the close of trading on Monday. Currently there are 10 analysts who rate Hewlett-Packard a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Hewlett-Packard Ratings Report now.

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2. As of noon trading, Google ( GOOG) is up $7.97 (1.5%) to $541.96 on average volume. Thus far, 1.1 million shares of Google exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $531.33-$542.92 after having opened the day at $532.93 as compared to the previous trading day's close of $533.99.

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Google Inc., a technology company, builds products and provides services to organize the information. Google has a market cap of $182.3 billion and is part of the internet industry. Shares are up 1.4% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate Google a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Google 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 also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. Get the full Google Ratings Report now.

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1. As of noon trading, Google ( GOOGL) is up $8.01 (1.5%) to $557.22 on average volume. Thus far, 802,232 shares of Google exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $546.55-$558.79 after having opened the day at $547.43 as compared to the previous trading day's close of $549.21.

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Google Inc., a technology company, builds products and provides services to organize the information. Google has a market cap of $157.2 billion and is part of the internet industry. Shares are up 3.5% year-to-date as of the close of trading on Monday. Currently there are 24 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 lackluster performance in the stock itself. 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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