4 Stocks Moving The Technology Sector Upward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.4%) at 15,601 as of Monday, Aug. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,233 issues advancing vs. 1,686 declining with 120 unchanged.

The Technology sector currently sits up 2.3% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Voltari ( VLTC), up 1539.7%, CSR ( CSRE), up 182.0%, BlackBerry ( BBRY), up 7.5%, Facebook Inc Class A ( FB), up 2.9% and Wipro ( WIT), up 1.9%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 2.6%, Activision Blizzard ( ATVI), down 2.6%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.8%, China Unicom (Hong Kong ( CHU), down 1.6% and Telefonica Brasil S.A ( VIV), down 1.2%.

TheStreet 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 $0.09 (0.6%) to $15.77 on light volume. Thus far, 88,969 shares of NTT DoCoMo exchanged hands as compared to its average daily volume of 291,600 shares. The stock has ranged in price between $15.68-$15.77 after having opened the day at $15.69 as compared to the previous trading day's close of $15.68.

NTT DOCOMO, INC. provides mobile telecommunication services over its long term evolution and W-CDMA networks in Japan. NTT DoCoMo has a market cap of $63.9 billion and is part of the telecommunications industry. Shares are up 8.8% year to date as of the close of trading on Friday. 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, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full NTT DoCoMo 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, Nippon Telegraph & Telephone ( NTT) is up $0.21 (0.8%) to $26.44 on light volume. Thus far, 48,108 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 411,100 shares. The stock has ranged in price between $26.19-$26.45 after having opened the day at $26.32 as compared to the previous trading day's close of $26.23.

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 $61.4 billion and is part of the telecommunications industry. Shares are up 23.3% year to date as of the close of trading on Friday. 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.

2. As of noon trading, Micron Technology ( MU) is up $0.47 (3.5%) to $13.97 on average volume. Thus far, 22.4 million shares of Micron Technology exchanged hands as compared to its average daily volume of 40.9 million shares. The stock has ranged in price between $13.50-$14.03 after having opened the day at $13.51 as compared to the previous trading day's close of $13.50.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $14.1 billion and is part of the electronics industry. Shares are up 114.1% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Micron Technology a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Micron Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Micron Technology 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, Apple ( AAPL) is up $5.09 (1.1%) to $467.63 on average volume. Thus far, 6.7 million shares of Apple exchanged hands as compared to its average daily volume of 12.6 million shares. The stock has ranged in price between $462.15-$469.40 after having opened the day at $464.69 as compared to the previous trading day's close of $462.54.

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 $414.9 billion and is part of the consumer durables industry. Shares are down 14.2% year to date as of the close of trading on Friday. Currently there are 28 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.

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 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).
null

If you liked this article you might like

Softbank's Masayoshi Son Is Ready to Strike Soon With a Megadeal Involving Sprint

Softbank's Masayoshi Son Is Ready to Strike Soon With a Megadeal Involving Sprint

Dow Enters August With a Bang, New Records for Day Five
Jim Cramer on Dow 22,000: We Are a Little Overextended Here
Vice's Big Bet on Mobile TV in the Age of Facebook and YouTube

Vice's Big Bet on Mobile TV in the Age of Facebook and YouTube