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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3. As of noon trading, Crown Castle International ( CCI) is up $0.84 (1.2%) to $70.45 on average volume Thus far, 902,611 shares of Crown Castle International exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $69.70-$70.72 after having opened the day at $69.70 as compared to the previous trading day's close of $69.61.

Crown Castle International Corp., together with is subsidiaries, owns, operates, and leases shared wireless infrastructure primarily in the United States, Puerto Rico, and Australia. Crown Castle International has a market cap of $20.7 billion and is part of the telecommunications industry. The company has a P/E ratio of 110.3, above the S&P 500 P/E ratio of 17.7. Shares are down 3.5% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Crown Castle International a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Crown Castle International as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and premium valuation. Get the full Crown Castle International Ratings Report now.

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2. As of noon trading, CenturyLink ( CTL) is up $0.74 (2.1%) to $35.80 on average volume Thus far, 3.7 million shares of CenturyLink exchanged hands as compared to its average daily volume of 7.7 million shares. The stock has ranged in price between $35.56-$36.19 after having opened the day at $35.63 as compared to the previous trading day's close of $35.06.

CenturyLink, Inc. operates as an integrated telecommunications company in the United States. CenturyLink has a market cap of $22.0 billion and is part of the telecommunications industry. The company has a P/E ratio of 23.1, above 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 Wednesday. Currently there are 8 analysts that rate CenturyLink a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates CenturyLink as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. Get the full CenturyLink Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

1. As of noon trading, Hewlett-Packard ( HPQ) is up $0.21 (0.9%) to $22.12 on average volume Thus far, 12.0 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 27.7 million shares. The stock has ranged in price between $21.79-$22.31 after having opened the day at $21.87 as compared to the previous trading day's close of $21.91.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $43.0 billion and is part of the computer hardware industry. Shares are up 53.8% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Hewlett-Packard a buy, 6 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Hewlett-Packard 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, poor profit margins and feeble growth in its earnings per share. Get the full Hewlett-Packard Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

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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