3 Stocks Raising 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 54 points (0.3%) at 18,054 as of Thursday, June 11, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,776 issues advancing vs. 1,216 declining with 167 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the sector include Citrix Systems ( CTXS), up 6.8%, Qihoo 360 Technology ( QIHU), up 4.2%, Fidelity National Information Services ( FIS), up 2.7%, Baidu ( BIDU), up 1.5% and Cerner ( CERN), up 1.2%. On the negative front, top decliners within the sector include Criteo ( CRTO), down 12.6%, 58.com ( WUBA), down 5.2%, CommScope ( COMM), down 4.6%, Wipro ( WIT), down 2.6% and Yahoo ( YHOO), down 2.6%.

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

3. EMC ( EMC) is one of the companies pushing the Technology sector higher today. As of noon trading, EMC is up $0.42 (1.5%) to $27.42 on average volume. Thus far, 6.4 million shares of EMC exchanged hands as compared to its average daily volume of 15.2 million shares. The stock has ranged in price between $27.02-$27.46 after having opened the day at $27.11 as compared to the previous trading day's close of $27.00.

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EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. EMC has a market cap of $51.9 billion and is part of the computer hardware industry. Shares are down 9.2% year-to-date as of the close of trading on Wednesday. Currently there are 18 analysts who rate EMC a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates EMC 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and relatively poor performance when compared with the S&P 500 during the past year. Get the full EMC Ratings Report now.

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