3 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

All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 28 points (-0.2%) at 13,217 as of Thursday, Dec. 13, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,125 issues advancing vs. 1,742 declining with 157 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Clearwire (CLWR), up 14.2%, AU Optronics Corporation (AUO), up 7.9%, Research in Motion (RIMM), up 5.0%, Ericsson Telephone Company (ERIC), up 1.1% and Taiwan Semiconductor Manufacturing (TSM), up 0.8%. On the negative front, top decliners within the sector include Broadcom Corporation (BRCM), down 2.8%, Infosys (INFY), down 2.3%, Nippon Telegraph & Telephone (NTT), down 1.9%, Texas Instruments (TXN), down 0.8% and NTT DoCoMo (DCM), down 0.8%.

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

3. BT Group (BT) is one of the companies pushing the Technology sector higher today. As of noon trading, BT Group is up $0.44 (1.2%) to $38.20 on light volume Thus far, 27,653 shares of BT Group exchanged hands as compared to its average daily volume of 135,400 shares. The stock has ranged in price between $37.86-$38.22 after having opened the day at $37.87 as compared to the previous trading day's close of $37.76.

BT Group plc provides communications solutions and services worldwide. It operates in four segments: BT Global Services, BT Retail, BT Wholesale, and Openreach. BT Group has a market cap of $31.0 billion and is part of the telecommunications industry. The company has a P/E ratio of 10.3, below the S&P 500 P/E ratio of 17.7. Shares are up 28.2% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate BT Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates BT Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full BT Group Ratings Report now.

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