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.

One out of the three major indices are trading lower today with the

Dow Jones Industrial Average

(

^DJI

) trading down 2 points (0.0%) at 17,750 as of Thursday, July 30, 2015, 1:05 PM ET. The NYSE advances/declines ratio sits at 1,461 issues advancing vs. 1,490 declining with 187 unchanged.

The Telecommunications industry currently sits up 0.7% versus the S&P 500, which is unchanged. Top gainers within the industry include

Level 3 Communications

(

LVLT

), up 1.9%, and

NTT DoCoMo

(

DCM

), up 1.4%. On the negative front, top decliners within the industry include

Philippine Long Distance Telephone

(

PHI

), down 1.9%,

America Movil SAB de CV

(

AMOV

), down 1.8%,

American Tower

(

AMT

), down 1.2% and

China Telecom

(

CHA

), down 0.7%.

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

3.

Nokia Oyj

(

NOK

) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, Nokia Oyj is up $0.38 (5.8%) to $6.98 on heavy volume. Thus far, 16.4 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 15.6 million shares. The stock has ranged in price between $6.81-$7.00 after having opened the day at $6.82 as compared to the previous trading day's close of $6.59.

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Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. Nokia Oyj has a market cap of $24.3 billion and is part of the technology sector. Shares are down 16.2% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts who rate Nokia Oyj a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Nokia Oyj

as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. Get the full

Nokia Oyj Ratings Report

now.

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2. As of noon trading,

T-Mobile US

(

TMUS

) is up $1.93 (5.2%) to $38.97 on heavy volume. Thus far, 3.9 million shares of T-Mobile US exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $37.71-$38.99 after having opened the day at $37.75 as compared to the previous trading day's close of $37.04.

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T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets. T-Mobile US has a market cap of $29.9 billion and is part of the technology sector. Shares are up 37.5% year-to-date as of the close of trading on Wednesday. Currently there are 16 analysts who rate T-Mobile US a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates

T-Mobile US

as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full

T-Mobile US Ratings Report

now.

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1. As of noon trading,

Qualcomm

(

QCOM

) is up $1.04 (1.6%) to $64.22 on average volume. Thus far, 5.7 million shares of Qualcomm exchanged hands as compared to its average daily volume of 12.2 million shares. The stock has ranged in price between $62.80-$64.35 after having opened the day at $62.99 as compared to the previous trading day's close of $63.17.

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QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. Qualcomm has a market cap of $99.1 billion and is part of the technology sector. Shares are down 15.0% year-to-date as of the close of trading on Wednesday. Currently there are 13 analysts who rate Qualcomm a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates

Qualcomm

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 and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Qualcomm Ratings Report

now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider

iShares Dow Jones US Telecom

(

IYZ

) while those bearish on the telecommunications industry could consider

ProShares Ult Sht Telecommunication

(

TLL

).