3 Stocks Boosting The Technology Sector Higher

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 31 points (0.2%) at 15,006 as of Tuesday, July 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,611 issues advancing vs. 1,325 declining with 103 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is up 0.4%. Top gainers within the sector include TELUS ( TU), up 2.8%, Apple ( AAPL), up 2.3%, China Telecom ( CHA), up 1.7%, Taiwan Semiconductor Manufacturing ( TSM), up 1.6% and Sap ( SAP), up 1.6%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 2.4%, Telefonica ( TEF), down 2.1%, ABB ( ABB), down 1.9%, America Movil S.A.B. de C.V ( AMX), down 1.9% and Telefonica Brasil S.A ( VIV), down 1.4%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. NTT DoCoMo ( DCM) is one of the companies pushing the Technology sector higher today. As of noon trading, NTT DoCoMo is up $0.24 (1.5%) to $15.82 on light volume. Thus far, 61,318 shares of NTT DoCoMo exchanged hands as compared to its average daily volume of 326,700 shares. The stock has ranged in price between $15.78-$15.86 after having opened the day at $15.79 as compared to the previous trading day's close of $15.58.

NTT DOCOMO, INC. provides mobile telephone services over its long term evolution and W-CDMA networks. NTT DoCoMo has a market cap of $64.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 13.3, below the S&P 500 P/E ratio of 17.7. Shares are up 8.1% year to date as of the close of trading on Monday. 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 hold. 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. 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 NTT DoCoMo Ratings Report now.

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2. As of noon trading, Nielsen Holdings ( NLSN) is up $1.10 (3.3%) to $34.38 on heavy volume. Thus far, 5.4 million shares of Nielsen Holdings exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $34.00-$34.75 after having opened the day at $34.62 as compared to the previous trading day's close of $33.28.

Nielsen Holdings N.V., an information and measurement company, provides media and marketing information, analytics, and industry expertise about what consumers buy and watch on a global and local basis. Nielsen Holdings has a market cap of $12.6 billion and is part of the computer software & services industry. The company has a P/E ratio of 43.7, above the S&P 500 P/E ratio of 17.7. Shares are up 9.8% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Nielsen Holdings a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Nielsen Holdings as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. Get the full Nielsen Holdings 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, Automatic Data Processing ( ADP) is up $0.86 (1.2%) to $70.31 on average volume. Thus far, 1.0 million shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $69.20-$70.49 after having opened the day at $69.79 as compared to the previous trading day's close of $69.45.

Automatic Data Processing, Inc. and its subsidiaries provide business outsourcing solutions. The company operates in three segments: Employer Services, Professional Employer Organization (PEO) Services, and Dealer Services. Automatic Data Processing has a market cap of $33.4 billion and is part of the computer software & services industry. The company has a P/E ratio of 24.0, above the S&P 500 P/E ratio of 17.7. Shares are up 21.0% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Automatic Data Processing a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Automatic Data Processing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Automatic Data Processing 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 3 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).
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