4 Technology Stocks Driving The 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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 30 points (-0.2%) at 15,089 as of Monday, May 13, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,245 issues advancing vs. 1,704 declining with 112 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is unchanged. Top gainers within the sector include Nokia Oyj ( NOK), up 6.3%, SK Telecom ( SKM), up 3.4%, Tim Holding Company ( TSU), up 2.4%, Telefonica Brasil S.A ( VIV), up 1.0% and Qualcomm ( QCOM), up 0.6%. On the negative front, top decliners within the sector include Nielsen Holdings ( NLSN), down 3.09, Agilent Technologies ( A), down 1.97, China Telecom ( CHA), down 1.84, Sprint Nextel ( S), down 1.63 and ABB ( ABB), down 1.64.

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

4. KT Corporation ( KT) is one of the companies pushing the Technology sector higher today. As of noon trading, KT Corporation is up $0.41 (2.34) to $17.93 on average volume Thus far, 294,119 shares of KT Corporation exchanged hands as compared to its average daily volume of 687,100 shares. The stock has ranged in price between $17.87-$18.01 after having opened the day at $18.01 as compared to the previous trading day's close of $17.52.

KT Corporation provides telecommunication services in Korea. KT Corporation has a market cap of $9.1 billion and is part of the telecommunications industry. The company has a P/E ratio of 8.3, below the S&P 500 P/E ratio of 17.7. Shares are up 4.2% year to date as of the close of trading on Friday. Currently there are no analysts that rate KT Corporation a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates KT Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full KT Corporation Ratings Report now.

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