Technology Stocks On The Rise With Help From 4 Stocks

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 79 points (0.5%) at 15,295 as of Wednesday, May 15, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,703 issues advancing vs. 1,237 declining with 128 unchanged.

The Technology sector currently sits up 0.5% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Agilent Technologies ( A), up 4.0%, Yahoo ( YHOO), up 3.6%, Nippon Telegraph & Telephone ( NTT), up 3.1%, Baidu ( BIDU), up 1.8% and Intel ( INTC), up 1.4%. On the negative front, top decliners within the sector include Computer Sciences Corporation ( CSC), down 10.28, Hewlett-Packard ( HPQ), down 2.23 and Siemens ( SI), down 0.97.

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

4. NTT DoCoMo ( DCM) is one of the companies pushing the Technology sector higher today. As of noon trading, NTT DoCoMo is up $0.19 (1.20) to $15.96 on light volume Thus far, 71,097 shares of NTT DoCoMo exchanged hands as compared to its average daily volume of 419,500 shares. The stock has ranged in price between $15.90-$15.99 after having opened the day at $15.97 as compared to the previous trading day's close of $15.77.

NTT DOCOMO, INC. provides mobile telephone services over its long term evolution and W-CDMA networks. NTT DoCoMo has a market cap of $65.4 billion and is part of the telecommunications industry. The company has a P/E ratio of 14.0, below the S&P 500 P/E ratio of 17.7. Shares are up 9.4% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate NTT DoCoMo a buy, no analysts rate it a sell, and 1 rates it a hold.

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

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3. As of noon trading, ABB ( ABB) is up $0.27 (1.22) to $22.36 on heavy volume Thus far, 1.4 million shares of ABB exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $22.19-$22.38 after having opened the day at $22.20 as compared to the previous trading day's close of $22.09.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $50.9 billion and is part of the electronics industry. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are up 6.6% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate ABB a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance 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 ABB Ratings Report now.

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2. As of noon trading, Oracle Corporation ( ORCL) is up $0.38 (1.13) to $34.05 on light volume Thus far, 8.3 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 25.6 million shares. The stock has ranged in price between $33.71-$34.10 after having opened the day at $33.74 as compared to the previous trading day's close of $33.67.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $159.1 billion and is part of the computer software & services 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 1.4% year to date as of the close of trading on Tuesday. Currently there are 22 analysts that rate Oracle Corporation a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Oracle Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, notable return on equity, reasonable valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Oracle Corporation Ratings Report now.

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1. As of noon trading, Google ( GOOG) is up $21.80 (2.46) to $908.90 on heavy volume Thus far, 2.3 million shares of Google exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $894.02-$911.76 after having opened the day at $895.50 as compared to the previous trading day's close of $887.10.

Google Inc., a technology company, builds products and provides services to organize the information and make it universally accessible and useful. Google has a market cap of $237.9 billion and is part of the internet industry. The company has a P/E ratio of 28.0, above the S&P 500 P/E ratio of 17.7. Shares are up 24.1% year to date as of the close of trading on Tuesday. Currently there are 23 analysts that rate Google a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Google 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, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Google 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 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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