Today's Stocks Driving Success For 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 104 points (0.6%) at 17,895 as of Tuesday, June 16, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,771 issues advancing vs. 1,197 declining with 176 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is up 0.4%. Top gainers within the sector include Hanwha Q CELLS ( HQCL), up 4.6%, Qorvo ( QRVO), up 3.1%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), up 2.7%, Corning ( GLW), up 2.2% and Vipshop Holdings Ltd ADR A ( VIPS), up 2.0%. On the negative front, top decliners within the sector include BT Group ( BT), down 1.5%, China Unicom (Hong Kong ( CHU), down 0.8%, Qualcomm ( QCOM), down 0.7%, Avago Technologies ( AVGO), down 0.6% and Nippon Telegraph & Telephone ( NTT), down 0.5%.

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

3. Intel ( INTC) is one of the companies pushing the Technology sector higher today. As of noon trading, Intel is up $0.26 (0.8%) to $31.65 on light volume. Thus far, 10.1 million shares of Intel exchanged hands as compared to its average daily volume of 30.2 million shares. The stock has ranged in price between $31.13-$31.70 after having opened the day at $31.26 as compared to the previous trading day's close of $31.39.

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Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments. Intel has a market cap of $148.6 billion and is part of the electronics industry. Shares are down 13.7% year-to-date as of the close of trading on Monday. Currently there are 19 analysts who rate Intel a buy, 5 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Intel 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. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Intel Ratings Report now.

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2. As of noon trading, Microsoft ( MSFT) is up $0.50 (1.1%) to $45.97 on light volume. Thus far, 12.2 million shares of Microsoft exchanged hands as compared to its average daily volume of 35.2 million shares. The stock has ranged in price between $45.30-$45.98 after having opened the day at $45.35 as compared to the previous trading day's close of $45.48.

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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 $371.9 billion and is part of the computer software & services industry. Shares are down 1.0% year-to-date as of the close of trading on Monday. Currently there are 14 analysts who rate Microsoft a buy, 2 analysts rate it a sell, and 9 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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1. As of noon trading, Facebook ( FB) is up $0.58 (0.7%) to $81.28 on light volume. Thus far, 7.1 million shares of Facebook exchanged hands as compared to its average daily volume of 24.0 million shares. The stock has ranged in price between $80.45-$81.30 after having opened the day at $80.82 as compared to the previous trading day's close of $80.71.

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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 $183.4 billion and is part of the internet industry. Shares are up 4.5% year-to-date as of the close of trading on Monday. Currently there are 25 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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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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