4 Stocks Improving Performance Of The Technology Sector

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 68 points (-0.5%) at 14,443 as of Monday, March 25, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,111 issues advancing vs. 1,777 declining with 156 unchanged.

The Technology sector currently sits down 0.4% versus the S&P 500, which is down 0.3%. Top gainers within the sector include AU Optronics Corporation ( AUO), up 5.4%, America Movil S.A.B. de C.V ( AMOV), up 1.3%, Kyocera Corporation ( KYO), up 1.3% and BT Group ( BT), up 1.0%. On the negative front, top decliners within the sector include Red Hat ( RHT), down 4.6%, Telecom Italia SpA ( TI), down 4.5%, Check Point Software Technologies ( CHKP), down 3.7%, VMWare ( VMW), down 3.2% and Nokia Oyj ( NOK), down 3.3%.

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

4. Mobile Telesystems OJSC ( MBT) is one of the companies pushing the Technology sector higher today. As of noon trading, Mobile Telesystems OJSC is up $0.50 (2.5%) to $20.70 on heavy volume Thus far, 1.7 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $20.28-$20.88 after having opened the day at $20.35 as compared to the previous trading day's close of $20.20.

Mobile TeleSystems OJSC, together with its subsidiaries, provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Armenia, and Belarus. Mobile Telesystems OJSC has a market cap of $20.2 billion and is part of the telecommunications industry. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7. Shares are up 7.8% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Mobile Telesystems OJSC a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, increase in net income, growth in earnings per share and expanding profit margins. 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 Mobile Telesystems OJSC Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

If you liked this article you might like

Here Is Why These 5 Emerging-Market Picks Are Poised for Growth

Analysts' Actions -- General Mills, MasterCard, Visa, Valeant and More

Finding the Bullish and Bearish Reversals

Mobile TeleSystems (MBT) Stock Slumps After Q2 Results

3 Hold-Rated Dividend Stocks: MBT, NRZ, GOV