3 Technology Stocks Moving The Sector Upward

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 0 points (0.0%) at 18,120 as of Tuesday, June 23, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,606 issues advancing vs. 1,375 declining with 175 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the sector include China Unicom (Hong Kong ( CHU), up 2.9%, China Telecom ( CHA), up 2.7%, Kyocera ( KYO), up 2.4%, Amazon.com ( AMZN), up 1.4% and Nippon Telegraph & Telephone ( NTT), up 1.5%. On the negative front, top decliners within the sector include Avago Technologies ( AVGO), down 1.3%, Texas Instruments ( TXN), down 1.2%, Microsoft ( MSFT), down 1.2%, Infosys ( INFY), down 0.8% and Intel ( INTC), down 0.8%.

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

3. Verizon Communications ( VZ) is one of the companies pushing the Technology sector higher today. As of noon trading, Verizon Communications is up $0.38 (0.8%) to $47.92 on average volume. Thus far, 7.3 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 15.0 million shares. The stock has ranged in price between $47.71-$48.11 after having opened the day at $47.86 as compared to the previous trading day's close of $47.53.

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Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $193.6 billion and is part of the telecommunications industry. Shares are up 1.6% year-to-date as of the close of trading on Monday. Currently there are 15 analysts who rate Verizon Communications a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Verizon Communications Ratings Report now.

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2. As of noon trading, AT&T ( T) is up $1.09 (3.1%) to $36.13 on heavy volume. Thus far, 35.2 million shares of AT&T exchanged hands as compared to its average daily volume of 30.0 million shares. The stock has ranged in price between $35.51-$36.23 after having opened the day at $35.57 as compared to the previous trading day's close of $35.04.

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AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. AT&T has a market cap of $181.7 billion and is part of the telecommunications industry. Shares are up 4.3% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate AT&T a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full AT&T Ratings Report now.

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1. As of noon trading, Facebook ( FB) is up $2.41 (2.8%) to $87.15 on heavy volume. Thus far, 27.6 million shares of Facebook exchanged hands as compared to its average daily volume of 23.0 million shares. The stock has ranged in price between $84.76-$87.49 after having opened the day at $84.96 as compared to the previous trading day's close of $84.74.

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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 $185.6 billion and is part of the internet industry. Shares are up 8.6% 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 2 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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