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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 12,892 as of Wednesday, Nov. 28, 2012, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,435 issues advancing vs. 1,435 declining with 148 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is down 0.0%. Top gainers within the sector include Hewlett-Packard ( HPQ), up 1.6%, Nippon Telegraph & Telephone ( NTT), up 1.1% and Oracle Corporation ( ORCL), up 0.7%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMOV), down 2.1%, Apple ( AAPL), down 1.1% and AT&T ( T), down 0.7%.

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

4. Ericsson Telephone Company ( ERIC) is one of the companies pushing the Technology sector higher today. As of noon trading, Ericsson Telephone Company is up $0.10 (1.1%) to $8.99 on light volume Thus far, 670,174 shares of Ericsson Telephone Company exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $8.89-$9.00 after having opened the day at $8.93 as compared to the previous trading day's close of $8.89.

Ericsson provides communications equipment, professional services, and multimedia solutions to mobile and fixed networks operators worldwide. Ericsson Telephone Company has a market cap of $30.0 billion and is part of the telecommunications industry. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are down 10.4% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Ericsson Telephone Company a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Ericsson Telephone Company as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Ericsson Telephone Company Ratings Report now.

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3. As of noon trading, Siemens ( SI) is up $0.63 (0.6%) to $102.03 on heavy volume Thus far, 412,411 shares of Siemens exchanged hands as compared to its average daily volume of 480,800 shares. The stock has ranged in price between $100.57-$102.26 after having opened the day at $100.79 as compared to the previous trading day's close of $101.40.

Siemens Aktiengesellschaft, an electronics and electrical engineering company, operates in the industry, energy, healthcare, and infrastructure and cities sectors worldwide. Siemens has a market cap of $86.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 32.1, above the S&P 500 P/E ratio of 17.7. Shares are up 6.1% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Siemens a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Siemens as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and feeble growth in the company's earnings per share. Get the full Siemens Ratings Report now.

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2. As of noon trading, Nokia Oyj ( NOK) is up $0.12 (3.9%) to $3.30 on average volume Thus far, 29.1 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 51.9 million shares. The stock has ranged in price between $3.17-$3.30 after having opened the day at $3.20 as compared to the previous trading day's close of $3.17.

Nokia Corporation provides telecommunications infrastructure hardware, software, and services worldwide. The company offers smart phones and smart devices; and feature phones, and related services and applications. Nokia Oyj has a market cap of $12.5 billion and is part of the telecommunications industry. Shares are down 30.3% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Nokia Oyj a buy, 9 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Nokia Oyj Ratings Report now.

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1. As of noon trading, Google ( GOOG) is up $8.23 (1.2%) to $678.94 on average volume Thus far, 1.4 million shares of Google exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $663.89-$679.87 after having opened the day at $668.01 as compared to the previous trading day's close of $670.71.

Google Inc., a technology company, maintains an index of Web sites and other online content for users, advertisers, and Google network members and other content providers. Google has a market cap of $175.2 billion and is part of the internet industry. The company has a P/E ratio of 20.7, above the S&P 500 P/E ratio of 17.7. Shares are up 3.8% year to date as of the close of trading on Tuesday. Currently there are 25 analysts that rate Google a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Google 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, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Google 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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