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 54 points (-0.3%) at 17,704 as of Thursday, July 2, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,396 issues advancing vs. 1,580 declining with 168 unchanged.

The Technology sector currently sits down 0.5% versus the S&P 500, which is down 0.3%. Top gainers within the sector include America Movil SAB de CV ( AMOV), up 3.2%, America Movil SAB de CV ( AMX), up 2.1%, Micron Technology ( MU), up 1.6%, NTT DoCoMo ( DCM), up 1.5% and Intel ( INTC), up 1.5%. On the negative front, top decliners within the sector include Hanwha Q CELLS ( HQCL), down 4.6%, Level 3 Communications ( LVLT), down 2.1%, ASML ( ASML), down 1.7%, Nokia Oyj ( NOK), down 1.6% and Baidu ( BIDU), down 1.5%.

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

3. Tim Participacoes ( TSU) is one of the companies pushing the Technology sector higher today. As of noon trading, Tim Participacoes is up $0.54 (3.3%) to $16.72 on light volume. Thus far, 631,054 shares of Tim Participacoes exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $16.23-$16.76 after having opened the day at $16.24 as compared to the previous trading day's close of $16.18.

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TIM Participacoes S.A., through its subsidiaries, provides mobile telecommunication services in Brazil. The company offers mobile, fixed, and long distance telephony; data transmission; and broadband services. Tim Participacoes has a market cap of $7.9 billion and is part of the telecommunications industry. Shares are down 27.1% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Tim Participacoes a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Tim Participacoes as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and a generally disappointing performance in the stock itself. Get the full Tim Participacoes Ratings Report now.

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2. As of noon trading, Telefonica Brasil ( VIV) is up $0.29 (2.1%) to $14.27 on light volume. Thus far, 720,574 shares of Telefonica Brasil exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $14.11-$14.40 after having opened the day at $14.19 as compared to the previous trading day's close of $13.98.

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Telefonica Brasil S.A. provides fixed-line telecommunications services to residential and corporate customers in Brazil. Telefonica Brasil has a market cap of $16.0 billion and is part of the telecommunications industry. Shares are down 20.9% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Telefonica Brasil a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Telefonica Brasil as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, 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 unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Telefonica Brasil Ratings Report now.

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1. As of noon trading, Western Digital ( WDC) is up $1.67 (2.1%) to $81.11 on heavy volume. Thus far, 1.7 million shares of Western Digital exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $79.77-$81.95 after having opened the day at $80.00 as compared to the previous trading day's close of $79.44.

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Western Digital Corporation, through its subsidiaries, develops, manufactures, and sells data storage solutions that enable consumers, businesses, governments, and other organizations to create, manage, experience, and preserve digital content. Western Digital has a market cap of $18.1 billion and is part of the computer hardware industry. Shares are down 28.2% year-to-date as of the close of trading on Wednesday. Currently there are 14 analysts who rate Western Digital a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Western Digital as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Western Digital 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).