Today's Stocks Driving Success For The Technology Sector
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 modelAll three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 34 points (-0.2%) at 14,831 as of Friday, April 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 825 issues advancing vs. 2,080 declining with 130 unchanged.The Technology sector currently sits down 0.59 versus the S&P 500, which is down 0.51. A company within the sector that increased today was NTT DoCoMo (DCM), up 1.53. On the negative front, top decliners within the sector include Infosys (INFY), down 20.83, Wipro (WIT), down 5.74, America Movil S.A.B. de C.V (AMOV), down 2.92, America Movil S.A.B. de C.V (AMX), down 2.68 and Siemens (SI), down 1.70.TheStreet Ratings group would like to highlight 3 stocks pushing the sector higher today:3. Telekomunikasi Indonesia (Persero) Tbk (TLK) is one of the companies pushing the Technology sector higher today. As of noon trading, Telekomunikasi Indonesia (Persero) Tbk is up $0.94 (2.09) to $45.87 on heavy volume Thus far, 236,936 shares of Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 222,500 shares. The stock has ranged in price between $45.06-$45.95 after having opened the day at $45.07 as compared to the previous trading day's close of $44.93. PT Telekomunikasi Indonesia Tbk and its subsidiaries provide telecommunication and network services worldwide. Telekomunikasi Indonesia (Persero) Tbk has a market cap of $21.1 billion and is part of the telecommunications industry. The company has a P/E ratio of 15.9, below the S&P 500 P/E ratio of 17.7. Shares are up 21.6% year to date as of the close of trading on Thursday.TheStreet Ratings rates Telekomunikasi Indonesia (Persero) Tbk as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Telekomunikasi Indonesia (Persero) Tbk Ratings Report now.Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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