3 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 up 40 points (0.3%) at 13,114 as of Friday, Dec. 7, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,438 issues advancing vs. 1,420 declining with 156 unchanged.

The Technology sector currently sits down 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the sector include P.T. Telekomunikasi Indonesia Tbk ( TLK), up 2.7%, Broadcom Corporation ( BRCM), up 1.7% and International Business Machines ( IBM), up 0.8%. On the negative front, top decliners within the sector include Apple ( AAPL), down 1.6%, Telefonica ( TEF), down 1.3%, Google ( GOOG), down 0.5%, Siemens ( SI), down 0.5% and AT&T ( T), down 0.5%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector higher today:

3. Turkcell Iletisim Hizmetleri AS ( TKC) is one of the companies pushing the Technology sector higher today. As of noon trading, Turkcell Iletisim Hizmetleri AS is up $0.36 (2.3%) to $16.00 on heavy volume Thus far, 286,979 shares of Turkcell Iletisim Hizmetleri AS exchanged hands as compared to its average daily volume of 375,700 shares. The stock has ranged in price between $15.96-$16.16 after having opened the day at $15.98 as compared to the previous trading day's close of $15.63.

Turkcell Iletisim Hizmetleri A.S. engages in establishing and operating a global system for mobile communications network primarily in Turkey. Turkcell Iletisim Hizmetleri AS has a market cap of $13.6 billion and is part of the telecommunications industry. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 31.2% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Turkcell Iletisim Hizmetleri AS a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Turkcell Iletisim Hizmetleri AS as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. 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 Turkcell Iletisim Hizmetleri AS Ratings Report now.

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2. As of noon trading, NTT DoCoMo ( DCM) is up $0.41 (2.9%) to $14.76 on average volume Thus far, 179,043 shares of NTT DoCoMo exchanged hands as compared to its average daily volume of 474,800 shares. The stock has ranged in price between $14.66-$14.80 after having opened the day at $14.73 as compared to the previous trading day's close of $14.35.

NTT DOCOMO, INC. provides mobile telephone services over its long term evolution and W-CDMA networks. NTT DoCoMo has a market cap of $59.0 billion and is part of the telecommunications industry. The company has a P/E ratio of 12.6, below the S&P 500 P/E ratio of 17.7. Shares are down 21.8% year to date as of the close of trading on Thursday. Currently there are no analysts that rate NTT DoCoMo a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NTT DoCoMo 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 and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full NTT DoCoMo Ratings Report now.

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1. As of noon trading, Ericsson Telephone Company ( ERIC) is up $0.11 (1.1%) to $9.73 on average volume Thus far, 1.7 million shares of Ericsson Telephone Company exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $9.62-$9.74 after having opened the day at $9.66 as compared to the previous trading day's close of $9.62.

Ericsson provides communications equipment, professional services, and multimedia solutions to mobile and fixed networks operators worldwide. Ericsson Telephone Company has a market cap of $31.5 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 5.9% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Ericsson Telephone Company a buy, 1 analyst rates it a sell, and 6 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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If you are interested in one of these 3 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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