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.

4. As of noon trading, LG.Display Company ( LPL) is up $0.34 (2.1%) to $16.66 on average volume Thus far, 234,411 shares of LG.Display Company exchanged hands as compared to its average daily volume of 573,500 shares. The stock has ranged in price between $16.60-$16.72 after having opened the day at $16.70 as compared to the previous trading day's close of $16.32.

LG Display Co., Ltd. engages in the manufacture and sale of thin film transistor liquid crystal display (TFT-LCD) panels in the Republic of Korea, the United States, Europe, China, and rest of Asia. LG.Display Company has a market cap of $11.3 billion and is part of the electronics industry. The company has a P/E ratio of -17.0, below the S&P 500 P/E ratio of 17.7. Shares are up 50.5% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate LG.Display Company a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates LG.Display Company as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk, poor profit margins and feeble growth in its earnings per share. Get the full LG.Display Company Ratings Report now.

3. As of noon trading, America Movil S.A.B. de C.V ( AMX) is up $0.16 (0.7%) to $23.42 on average volume Thus far, 4.2 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $23.15-$23.45 after having opened the day at $23.22 as compared to the previous trading day's close of $23.26.

America Movil, S.A.B. de C.V. provides telecommunications services primarily in the United States, Latin America, and the Caribbean. The company offers mobile and fixed voice services, including airtime, local, long-distance, public telephony, and network interconnection services. America Movil S.A.B. de C.V has a market cap of $88.7 billion and is part of the telecommunications industry. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are up 2.9% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate America Movil S.A.B. de C.V a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates America Movil S.A.B. de C.V as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, increase in net income and growth in earnings per share. 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 America Movil S.A.B. de C.V Ratings Report now.

2. As of noon trading, Corning ( GLW) is up $0.22 (2.0%) to $11.27 on average volume Thus far, 5.5 million shares of Corning exchanged hands as compared to its average daily volume of 14.0 million shares. The stock has ranged in price between $11.10-$11.30 after having opened the day at $11.13 as compared to the previous trading day's close of $11.05.

Corning Incorporated produces specialty glasses, ceramics, and related materials worldwide. The company operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $16.1 billion and is part of the electronics industry. The company has a P/E ratio of 8.7, below the S&P 500 P/E ratio of 17.7. Shares are down 16.0% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Corning a buy, 3 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Corning 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Corning Ratings Report now.

1. As of noon trading, Baidu ( BIDU) is up $2.79 (3.0%) to $95.21 on average volume Thus far, 2.9 million shares of Baidu exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $92.42-$95.29 after having opened the day at $92.43 as compared to the previous trading day's close of $92.42.

Baidu, Inc. provides Internet search services. The company offers a Chinese language search platform on its Website, Baidu.com; and a Japanese language search platform on its Website, Baidu.jp. Baidu has a market cap of $32.4 billion and is part of the internet industry. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are down 20.4% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Baidu a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Baidu Ratings Report now.

If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

A reminder about TheStreet Ratings group: 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.

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