4 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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 12,949 as of Tuesday, Nov. 27, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,707 issues advancing vs. 1,183 declining with 148 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is up 0.0%. Top gainers within the sector include Corning ( GLW), up 7.6%, Wipro ( WIT), up 2.2%, ASML ( ASML), up 1.6%, Taiwan Semiconductor Manufacturing ( TSM), up 1.3% and Google ( GOOG), up 0.8%. On the negative front, top decliners within the sector include Seagate Technology ( STX), down 3.9%, Telecom Italia SpA ADR ( TI.A), down 3.2%, Telecom Italia SpA ( TI), down 3.1%, Red Hat ( RHT), down 2.5% and Mobile Telesystems OJSC ( MBT), down 2.5%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector higher today:

4. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Technology sector higher today. As of noon trading, Nippon Telegraph & Telephone is up $0.17 (0.8%) to $22.63 on light volume Thus far, 46,894 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 301,400 shares. The stock has ranged in price between $22.62-$22.73 after having opened the day at $22.72 as compared to the previous trading day's close of $22.46.

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 $54.8 billion and is part of the telecommunications industry. The company has a P/E ratio of 10.9, below the S&P 500 P/E ratio of 17.7. Shares are down 11.5% 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 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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3. As of noon trading, Yahoo ( YHOO) is up $0.22 (1.1%) to $18.97 on average volume Thus far, 12.6 million shares of Yahoo exchanged hands as compared to its average daily volume of 22.0 million shares. The stock has ranged in price between $18.80-$19.07 after having opened the day at $18.87 as compared to the previous trading day's close of $18.76.

Yahoo! Inc., together with its subsidiaries, operates as a digital media company that delivers personalized digital content and experiences worldwide. Yahoo has a market cap of $22.0 billion and is part of the internet industry. The company has a P/E ratio of 5.7, below the S&P 500 P/E ratio of 17.7. Shares are up 15.1% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Yahoo a buy, 1 analyst rates it a sell, and 18 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, attractive valuation levels and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Yahoo Ratings Report now.

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2. As of noon trading, Oracle Corporation ( ORCL) is up $0.56 (1.8%) to $31.52 on average volume Thus far, 12.4 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 22.3 million shares. The stock has ranged in price between $31.16-$31.77 after having opened the day at $31.20 as compared to the previous trading day's close of $30.96.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $149.0 billion and is part of the computer software & services industry. The company has a P/E ratio of 15.4, below the S&P 500 P/E ratio of 17.7. Shares are up 20.5% year to date as of the close of trading on Monday. Currently there are 21 analysts that rate Oracle Corporation a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Oracle Corporation as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Oracle Corporation Ratings Report now.

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1. As of noon trading, Intel ( INTC) is up $0.26 (1.3%) to $20.15 on light volume Thus far, 17.7 million shares of Intel exchanged hands as compared to its average daily volume of 51.6 million shares. The stock has ranged in price between $19.92-$20.19 after having opened the day at $19.95 as compared to the previous trading day's close of $19.88.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms primarily in the Asia-Pacific, the Americas, Europe, and Japan. Intel has a market cap of $98.1 billion and is part of the electronics industry. The company has a P/E ratio of 8.6, below the S&P 500 P/E ratio of 17.7. Shares are down 18.0% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Intel a buy, 3 analysts rate it a sell, and 23 rate it a hold.

TheStreet Ratings rates Intel 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, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Intel Ratings Report now.

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If you are interested in one of these 4 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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