3 Stocks Improving Performance Of 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 45 points (-0.3%) at 17,859 as of Wednesday, June 17, 2015, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,059 issues advancing vs. 1,922 declining with 184 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Qihoo 360 Technology ( QIHU), up 7.5%, YY ( YY), up 7.3%, Weibo ( WB), up 6.1%, Youku Tudou ( YOKU), up 5.5% and Tim Participacoes ( TSU), up 4.6%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 3.2%, Telecom Italia SpA ( TI.A), down 2.1%, Kyocera ( KYO), down 1.7%, Adobe Systems ( ADBE), down 1.5% and NTT DoCoMo ( DCM), down 1.4%.

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 $0.26 (0.8%) to $31.91 on average volume. Thus far, 5.1 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 10.6 million shares. The stock has ranged in price between $31.70-$32.21 after having opened the day at $31.71 as compared to the previous trading day's close of $31.65.

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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 $57.3 billion and is part of the computer hardware industry. Shares are down 21.1% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Hewlett-Packard a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a buy. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. 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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