5 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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 20 points (-0.1%) at 15,298 as of Wednesday, June 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Technology sector currently sits down 0.08 versus the S&P 500, which is down 0.17. Top gainers within the sector include Adobe Systems ( ADBE), up 6.8%, NVIDIA Corporation ( NVDA), up 5.0%, Autodesk ( ADSK), up 3.3%, LinkedIn ( LNKD), up 1.8% and Kyocera Corporation ( KYO), up 1.2%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 2.71, Telecom Italia SpA ( TI.A), down 3.08, China Telecom ( CHA), down 1.82, Corning ( GLW), down 1.61 and Telefonica ( TEF), down 1.46.

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

5. Turkcell Iletisim Hizmetleri AS ( TKC) is one of the companies pushing the Technology sector higher today. As of noon trading, Turkcell Iletisim Hizmetleri AS is up $0.28 (1.90) to $15.02 on light volume Thus far, 115,703 shares of Turkcell Iletisim Hizmetleri AS exchanged hands as compared to its average daily volume of 501,600 shares. The stock has ranged in price between $14.77-$15.02 after having opened the day at $14.90 as compared to the previous trading day's close of $14.74.

Turkcell Iletisim Hizmetleri A.S. engages in establishing and operating a global system for mobile communications network primarily in Turkey. It provides mobile voice, broadband, and other services on postpaid and prepaid basis. Turkcell Iletisim Hizmetleri AS has a market cap of $13.0 billion and is part of the telecommunications industry. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. Shares are down 8.7% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Turkcell Iletisim Hizmetleri AS a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Turkcell Iletisim Hizmetleri AS 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, notable return on equity, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Turkcell Iletisim Hizmetleri AS Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Nippon Telegraph & Telephone ( NTT) is up $0.74 (2.87) to $26.52 on light volume Thus far, 153,096 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 487,900 shares. The stock has ranged in price between $26.48-$26.66 after having opened the day at $26.61 as compared to the previous trading day's close of $25.78.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $61.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 12.6, below the S&P 500 P/E ratio of 17.7. Shares are up 22.6% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone 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, attractive valuation levels, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Nippon Telegraph & Telephone Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, Alcatel-Lucent ( ALU) is up $0.09 (4.81) to $1.96 on heavy volume Thus far, 28.2 million shares of Alcatel-Lucent exchanged hands as compared to its average daily volume of 10.2 million shares. The stock has ranged in price between $1.93-$2.01 after having opened the day at $1.96 as compared to the previous trading day's close of $1.87.

Alcatel-Lucent provides networking and communications technology, products, and services to service providers, enterprises, and governments worldwide. Alcatel-Lucent has a market cap of $4.4 billion and is part of the telecommunications industry. Shares are up 34.5% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Alcatel-Lucent a buy, 3 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Alcatel-Lucent as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk. Get the full Alcatel-Lucent Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Hewlett-Packard ( HPQ) is up $0.32 (1.26) to $25.76 on light volume Thus far, 7.3 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 20.6 million shares. The stock has ranged in price between $25.30-$25.87 after having opened the day at $25.41 as compared to the previous trading day's close of $25.44.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $48.5 billion and is part of the computer hardware industry. Shares are up 78.5% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Hewlett-Packard a buy, 5 analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full Hewlett-Packard Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, EMC Corporation ( EMC) is up $0.26 (1.02) to $25.25 on light volume Thus far, 8.5 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 22.7 million shares. The stock has ranged in price between $24.96-$25.39 after having opened the day at $24.98 as compared to the previous trading day's close of $24.99.

EMC Corporation, together with its subsidiaries, develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. EMC Corporation has a market cap of $52.2 billion and is part of the computer hardware industry. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are down 1.2% year to date as of the close of trading on Tuesday. Currently there are 26 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

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

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 5 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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