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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