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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3. As of noon trading, 3D Systems Corporation ( DDD) is up $3.39 (7.73) to $47.24 on heavy volume Thus far, 5.5 million shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $43.85-$47.35 after having opened the day at $44.45 as compared to the previous trading day's close of $43.85.

3D Systems Corporation, through its subsidiaries, develops, manufactures and markets 3D printers, print materials, on-demand custom parts services, and 3D authoring solutions for professionals and consumers. 3D Systems Corporation has a market cap of $4.0 billion and is part of the industrial industry. The company has a P/E ratio of 95.6, above the S&P 500 P/E ratio of 17.7. Shares are up 20.9% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate 3D Systems Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates 3D Systems Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full 3D Systems Corporation Ratings Report now.

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2. As of noon trading, Seagate Technology ( STX) is up $0.54 (1.35) to $40.66 on average volume Thus far, 2.1 million shares of Seagate Technology exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $39.97-$40.90 after having opened the day at $40.03 as compared to the previous trading day's close of $40.12.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise storage, client compute, and client non-compute market applications worldwide. Seagate Technology has a market cap of $14.5 billion and is part of the computer hardware industry. The company has a P/E ratio of 6.5, below the S&P 500 P/E ratio of 17.7. Shares are up 32.6% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Seagate Technology a buy, 3 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity 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 Seagate Technology Ratings Report now.

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1. As of noon trading, Apple ( AAPL) is up $3.60 (0.79) to $456.57 on light volume Thus far, 6.2 million shares of Apple exchanged hands as compared to its average daily volume of 16.8 million shares. The stock has ranged in price between $451.50-$457.80 after having opened the day at $451.51 as compared to the previous trading day's close of $452.97.

Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. Apple has a market cap of $428.7 billion and is part of the consumer durables industry. The company has a P/E ratio of 10.9, below the S&P 500 P/E ratio of 17.7. Shares are down 14.2% year to date as of the close of trading on Friday. Currently there are 27 analysts that rate Apple a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Apple 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, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Apple Ratings Report now.

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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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