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 126 points (-0.7%) at 17,294 as of Friday, Aug. 7, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,128 issues advancing vs. 1,817 declining with 179 unchanged.

The Technology sector currently sits down 0.6% versus the S&P 500, which is down 0.6%. Top gainers within the sector include Stamps.com ( STMP), up 28.8%, NVIDIA ( NVDA), up 9.9%, VimpelCom ( VIP), up 4.4%, Telecom Italia SpA ( TI.A), up 2.8% and Skyworks Solutions ( SWKS), up 2.5%. On the negative front, top decliners within the sector include SunEdison ( SUNE), down 7.6%, SolarCity ( SCTY), down 5.4%, Micron Technology ( MU), down 3.3%, Cerner ( CERN), down 1.9% and CenturyLink ( CTL), down 1.9%.

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

3. China Telecom ( CHA) is one of the companies pushing the Technology sector higher today. As of noon trading, China Telecom is up $0.51 (0.9%) to $54.91 on average volume. Thus far, 28,149 shares of China Telecom exchanged hands as compared to its average daily volume of 69,800 shares. The stock has ranged in price between $54.62-$55.20 after having opened the day at $54.99 as compared to the previous trading day's close of $54.40.

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China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services primarily in the People's Republic of China. China Telecom has a market cap of $44.3 billion and is part of the telecommunications industry. Shares are down 7.3% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate China Telecom a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates China Telecom as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company's earnings per share. Get the full China Telecom Ratings Report now.

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2. As of noon trading, 2U ( TWOU) is up $5.86 (18.3%) to $37.91 on heavy volume. Thus far, 665,849 shares of 2U exchanged hands as compared to its average daily volume of 280,000 shares. The stock has ranged in price between $32.36-$39.59 after having opened the day at $32.36 as compared to the previous trading day's close of $32.05.

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2U, Inc. provides cloud-based software-as-a-service (SaaS) solutions for nonprofit colleges and universities to deliver education to qualified students. 2U has a market cap of $1.4 billion and is part of the computer software & services industry. Shares are up 63.0% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate 2U a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates 2U as a sell. Among the areas we feel are negative, one of the most important has been weak operating cash flow. Get the full 2U Ratings Report now.

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1. As of noon trading, NetEase ( NTES) is up $3.70 (2.5%) to $149.73 on light volume. Thus far, 329,193 shares of NetEase exchanged hands as compared to its average daily volume of 970,400 shares. The stock has ranged in price between $145.49-$149.89 after having opened the day at $147.10 as compared to the previous trading day's close of $146.03.

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NetEase, Inc., through its subsidiaries, operates an interactive online community in the People's Republic of China. The company operates in three segments: Online Game Services; Advertising Services; and E-mail, E-commerce and Others. NetEase has a market cap of $19.0 billion and is part of the internet industry. Shares are up 47.3% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts who rate NetEase a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NetEase 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, solid stock price performance, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full NetEase 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).