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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 14,565 as of Thursday, April 4, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,512 issues advancing vs. 1,354 declining with 153 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is up 0.1%. Top gainers within the sector include Telecom Italia SpA ADR ( TI.A), up 8.2%, Telecom Italia SpA ( TI), up 7.3%, Kyocera Corporation ( KYO), up 2.7%, Agilent Technologies ( A), up 1.6% and AT&T ( T), up 1.2%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMOV), down 4.2%, Wipro ( WIT), down 1.7%, VimpelCom ( VIP), down 1.6%, Ericsson Telephone Company ( ERIC), down 1.5% and Google ( GOOG), down 1.4%.

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

4. Alcatel-Lucent ( ALU) is one of the companies pushing the Technology sector higher today. As of noon trading, Alcatel-Lucent is up $0.13 (10.0%) to $1.41 on heavy volume Thus far, 12.6 million shares of Alcatel-Lucent exchanged hands as compared to its average daily volume of 15.0 million shares. The stock has ranged in price between $1.39-$1.41 after having opened the day at $1.40 as compared to the previous trading day's close of $1.28.

Alcatel-Lucent provides networking and communications technology, products, and services to service providers, enterprises, and governments worldwide. Alcatel-Lucent has a market cap of $3.0 billion and is part of the telecommunications industry. Shares are down 7.9% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Alcatel-Lucent a buy, 3 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Alcatel-Lucent as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Alcatel-Lucent Ratings Report now.

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