4 Stocks Moving The Technology Sector Upward

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 78 points (-0.5%) at 14,583 as of Wednesday, April 3, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 720 issues advancing vs. 2,193 declining with 115 unchanged.

The Technology sector currently sits down 0.7% versus the S&P 500, which is down 0.7%. A company within the sector that increased today was Ericsson Telephone Company ( ERIC), up 0.6%. On the negative front, top decliners within the sector include Cree ( CREE), down 5.8%, Salesforce.com ( CRM), down 3.2%, VimpelCom ( VIP), down 2.2%, America Movil S.A.B. de C.V ( AMX), down 2.3% and Kyocera Corporation ( KYO), down 2.1%.

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

4. P.T. Telekomunikasi Indonesia Tbk ( TLK) is one of the companies pushing the Technology sector higher today. As of noon trading, P.T. Telekomunikasi Indonesia Tbk is up $0.57 (1.3%) to $44.87 on average volume Thus far, 93,228 shares of P.T. Telekomunikasi Indonesia Tbk exchanged hands as compared to its average daily volume of 228,100 shares. The stock has ranged in price between $44.73-$45.13 after having opened the day at $44.96 as compared to the previous trading day's close of $44.30.

PT Telekomunikasi Indonesia Tbk and its subsidiaries provide telecommunication and network services worldwide. P.T. Telekomunikasi Indonesia Tbk has a market cap of $22.3 billion and is part of the telecommunications industry. The company has a P/E ratio of 16.5, below the S&P 500 P/E ratio of 17.7. Shares are up 19.9% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate P.T. Telekomunikasi Indonesia Tbk a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates P.T. Telekomunikasi Indonesia Tbk as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full P.T. Telekomunikasi Indonesia Tbk Ratings Report now.

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3. As of noon trading, Zynga Inc Class A ( ZNGA) is up $0.44 (14.3%) to $3.51 on heavy volume Thus far, 59.5 million shares of Zynga Inc Class A exchanged hands as compared to its average daily volume of 35.2 million shares. The stock has ranged in price between $3.30-$3.55 after having opened the day at $3.40 as compared to the previous trading day's close of $3.07.

Zynga Inc. develops, markets, and operates online social games as live services on the Internet, social networking sites, and mobile platforms in the United States and internationally. Zynga Inc Class A has a market cap of $1.9 billion and is part of the internet industry. Shares are up 30.1% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Zynga Inc Class A a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Zynga Inc Class A as a sell. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Zynga Inc Class A Ratings Report now.

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2. As of noon trading, Nokia Oyj ( NOK) is up $0.08 (2.4%) to $3.34 on light volume Thus far, 21.0 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 56.5 million shares. The stock has ranged in price between $3.27-$3.35 after having opened the day at $3.29 as compared to the previous trading day's close of $3.26.

Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. Nokia Oyj has a market cap of $12.2 billion and is part of the telecommunications industry. Shares are down 17.5% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Nokia Oyj a buy, 9 analysts rate it a sell, and 6 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 disappointing return on equity, 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, Apple ( AAPL) is up $2.06 (0.5%) to $431.85 on average volume Thus far, 7.8 million shares of Apple exchanged hands as compared to its average daily volume of 18.8 million shares. The stock has ranged in price between $430.62-$437.28 after having opened the day at $431.37 as compared to the previous trading day's close of $429.79.

Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. Apple has a market cap of $402.8 billion and is part of the computer hardware industry. The company has a P/E ratio of 9.7, below the S&P 500 P/E ratio of 17.7. Shares are down 19.2% year to date as of the close of trading on Tuesday. Currently there are 32 analysts that rate Apple a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Apple 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, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Apple 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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