5 Stocks Improving Performance Of 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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 47 points (0.3%) at 15,382 as of Tuesday, May 21, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,570 issues advancing vs. 1,367 declining with 136 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Konami Corporation ( KNM), up 9.6%, Rogers Communications ( RCI), up 3.0%, Activision Blizzard ( ATVI), up 2.9%, Kyocera Corporation ( KYO), up 2.8% and STMicroelectronics ( STM), up 2.6%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMOV), down 2.03, Intuit ( INTU), down 1.89, China Telecom ( CHA), down 1.62, America Movil S.A.B. de C.V ( AMX), down 1.40 and Nippon Telegraph & Telephone ( NTT), down 1.30.

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

5. Sprint Nextel ( S) is one of the companies pushing the Technology sector higher today. As of noon trading, Sprint Nextel is up $0.08 (1.17) to $7.38 on average volume Thus far, 22.8 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 49.0 million shares. The stock has ranged in price between $7.34-$7.40 after having opened the day at $7.39 as compared to the previous trading day's close of $7.29.

Sprint Nextel Corporation, through its subsidiaries, offers a range of wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. Sprint Nextel has a market cap of $22.1 billion and is part of the telecommunications industry. Shares are up 28.6% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Sprint Nextel a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Sprint Nextel as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk. Get the full Sprint Nextel Ratings Report now.

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