5 Technology Stocks On The Rise

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 52 points (-0.4%) at 14,567 as of Thursday, April 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,288 issues advancing vs. 1,600 declining with 135 unchanged.

The Technology sector currently sits down 0.31 versus the S&P 500, which is down 0.48. Top gainers within the sector include ASML ( ASML), up 2.8%, China Telecom ( CHA), up 1.9% and Sap AG ADR ( SAP), up 1.4%. On the negative front, top decliners within the sector include Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 3.04, Baidu ( BIDU), down 2.21, Google ( GOOG), down 1.96, Nippon Telegraph & Telephone ( NTT), down 1.50 and LM Ericsson Telephone Company ( ERIC), down 1.35.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Technology sector higher today. As of noon trading, China Unicom (Hong Kong is up $0.23 (1.88) to $12.44 on light volume Thus far, 224,635 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 695,600 shares. The stock has ranged in price between $12.29-$12.45 after having opened the day at $12.34 as compared to the previous trading day's close of $12.21.

China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of GSM and WCDMA cellular, and related telecommunications services primarily in the People's Republic of China. China Unicom (Hong Kong has a market cap of $29.8 billion and is part of the telecommunications industry. The company has a P/E ratio of 45.2, above the S&P 500 P/E ratio of 17.7. Shares are down 25.0% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full China Unicom (Hong Kong Ratings Report now.

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