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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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 24 points (-0.2%) at 13,886 as of Thursday, Jan. 31, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,305 issues advancing vs. 1,515 declining with 144 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Citrix Systems ( CTXS), up 10.0%, Ericsson Telephone Company ( ERIC), up 8.6%, NTT DoCoMo ( DCM), up 2.8%, China Unicom (Hong Kong ( CHU), up 1.1% and AT&T ( T), up 1.1%. On the negative front, top decliners within the sector include Research in Motion ( RIMM), down 7.0%, Nokia Oyj ( NOK), down 4.2%, Yahoo ( YHOO), down 2.6%, Kyocera Corporation ( KYO), down 2.1% and Baidu ( BIDU), down 0.9%.

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

5. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Technology sector higher today. As of noon trading, Nippon Telegraph & Telephone is up $0.28 (1.4%) to $21.07 on heavy volume Thus far, 391,514 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 388,500 shares. The stock has ranged in price between $21.02-$21.12 after having opened the day at $21.02 as compared to the previous trading day's close of $20.79.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $50.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 10.1, below the S&P 500 P/E ratio of 17.7. Shares are down 1.2% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Nippon Telegraph & Telephone Ratings Report now.

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