5 Stocks Pushing The Technology Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading up 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is down 0.1%. Top gainers within the sector include VimpelCom (VIP), up 3.7%, and China Telecom (CHA), up 3.2%. On the negative front, top decliners within the sector include Baidu (BIDU), down 6.2%, ASML (ASML), down 1.7% and Oracle Corporation (ORCL), down 0.7%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Telefonica (TEF) is one of the companies pushing the Technology sector higher today. As of noon trading, Telefonica is up $0.13 (1.0%) to $13.13 on light volume Thus far, 499,706 shares of Telefonica exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $13.03-$13.14 after having opened the day at $13.09 as compared to the previous trading day's close of $13.00.

Telefonica, S.A. provides fixed and mobile telephony services primarily in Spain, Latin America, and rest of Europe. Telefonica has a market cap of $59.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 57.4, above the S&P 500 P/E ratio of 17.7. Shares are down 24.2% year to date as of the close of trading on Monday. Currently there are no analysts that rate Telefonica a buy, 3 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Telefonica as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, a generally disappointing performance in the stock itself and poor profit margins. Get the full Telefonica Ratings Report now.

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