5 Stocks Advancing 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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 40 points (-0.3%) at 14,679 as of Wednesday, April 24, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,751 issues advancing vs. 1,159 declining with 143 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is unchanged. Top gainers within the sector include Kyocera Corporation ( KYO), up 4.1%, Sap AG ADR ( SAP), up 2.2%, Telefonica ( TEF), up 1.6%, Microsoft Corporation ( MSFT), up 1.7% and Siemens ( SI), up 1.2%. On the negative front, top decliners within the sector include AT&T ( T), down 5.67, Verizon Communications ( VZ), down 1.32, America Movil S.A.B. de C.V ( AMX), down 0.91 and America Movil S.A.B. de C.V ( AMOV), down 0.95.

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

5. LM Ericsson Telephone Company ( ERIC) is one of the companies pushing the Technology sector higher today. As of noon trading, LM Ericsson Telephone Company is up $0.41 (3.55) to $11.95 on heavy volume Thus far, 8.9 million shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $11.66-$12.07 after having opened the day at $11.69 as compared to the previous trading day's close of $11.54.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates in four segments: Networks, Global Services, Support Solutions, and ST-Ericsson. LM Ericsson Telephone Company has a market cap of $38.6 billion and is part of the telecommunications industry. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are up 15.6% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates LM Ericsson Telephone Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full LM Ericsson Telephone Company Ratings Report now.

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