Today's Stocks Driving Success For 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 34 points (-0.2%) at 14,831 as of Friday, April 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 825 issues advancing vs. 2,080 declining with 130 unchanged.

The Technology sector currently sits down 0.59 versus the S&P 500, which is down 0.51. A company within the sector that increased today was NTT DoCoMo ( DCM), up 1.53. On the negative front, top decliners within the sector include Infosys ( INFY), down 20.83, Wipro ( WIT), down 5.74, America Movil S.A.B. de C.V ( AMOV), down 2.92, America Movil S.A.B. de C.V ( AMX), down 2.68 and Siemens ( SI), down 1.70.

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

3. Telekomunikasi Indonesia (Persero) Tbk ( TLK) is one of the companies pushing the Technology sector higher today. As of noon trading, Telekomunikasi Indonesia (Persero) Tbk is up $0.94 (2.09) to $45.87 on heavy volume Thus far, 236,936 shares of Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 222,500 shares. The stock has ranged in price between $45.06-$45.95 after having opened the day at $45.07 as compared to the previous trading day's close of $44.93.

PT Telekomunikasi Indonesia Tbk and its subsidiaries provide telecommunication and network services worldwide. Telekomunikasi Indonesia (Persero) Tbk has a market cap of $21.1 billion and is part of the telecommunications industry. The company has a P/E ratio of 15.9, below the S&P 500 P/E ratio of 17.7. Shares are up 21.6% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Telekomunikasi Indonesia (Persero) 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 Telekomunikasi Indonesia (Persero) Tbk 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.

2. As of noon trading, Nippon Telegraph & Telephone ( NTT) is up $0.94 (4.13) to $23.70 on average volume Thus far, 471,622 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 712,000 shares. The stock has ranged in price between $23.48-$23.71 after having opened the day at $23.53 as compared to the previous trading day's close of $22.76.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $54.3 billion and is part of the telecommunications industry. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. Shares are up 8.2% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Nippon Telegraph & Telephone as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Nippon Telegraph & Telephone 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, Baidu ( BIDU) is up $1.85 (2.08) to $90.61 on average volume Thus far, 2.6 million shares of Baidu exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $88.61-$91.49 after having opened the day at $88.73 as compared to the previous trading day's close of $88.76.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $31.5 billion and is part of the internet industry. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are down 10.2% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, 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 lackluster performance in the stock itself. Get the full Baidu 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 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.
null

If you liked this article you might like

New Lifetime High For PT Telekomunikasi Indonesia (Persero) Tbk (TLK)

New Lifetime High For PT Telekomunikasi Indonesia (Persero) Tbk (TLK)

New Lifetime High Reached By PT Telekomunikasi Indonesia (Persero) Tbk (TLK)

New Lifetime High Reached By PT Telekomunikasi Indonesia (Persero) Tbk (TLK)

New Lifetime High Reached: PT Telekomunikasi Indonesia (Persero) Tbk (TLK)

New Lifetime High Reached: PT Telekomunikasi Indonesia (Persero) Tbk (TLK)

3 Stocks Pushing The Telecommunications Industry Downward

3 Stocks Pushing The Telecommunications Industry Downward

Today PT Telekomunikasi Indonesia (Persero) Tbk (TLK) Hits New Lifetime High

Today PT Telekomunikasi Indonesia (Persero) Tbk (TLK) Hits New Lifetime High