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 up today with the Dow Jones Industrial Average ( ^DJI) trading down 9 points (-0.1%) at 12,786 as of Tuesday, Nov. 20, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,471 issues advancing vs. 1,424 declining with 128 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is up 0.0%. A company within the sector that increased today was Sap AG ADR ( SAP), up 0.5%. On the negative front, top decliners within the sector include Nuance Communications ( NUAN), down 5.3%, America Movil S.A.B. de C.V ( AMOV), down 3.6%, Infosys ( INFY), down 3.1%, China Telecom ( CHA), down 2.6% and China Unicom (Hong Kong ( CHU), down 2.2%.

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 $0.20 (0.9%) to $22.76 on light volume Thus far, 75,852 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 302,300 shares. The stock has ranged in price between $22.73-$22.81 after having opened the day at $22.77 as compared to the previous trading day's close of $22.56.

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 $55.1 billion and is part of the telecommunications industry. The company has a P/E ratio of 11.0, below the S&P 500 P/E ratio of 17.7. Shares are down 10.9% year to date as of the close of trading on Monday. 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Nippon Telegraph & Telephone Ratings Report now.

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