4 Technology Stocks Pushing Sector Growth

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 39 points (-0.2%) at 16,431 as of Monday, Jan. 6, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,317 issues advancing vs. 1,618 declining with 151 unchanged.

The Technology sector currently sits down 0.4% versus the S&P 500, which is down 0.3%. A company within the sector that increased today was America Movil S.A.B. de C.V ( AMOV), up 1.0%. On the negative front, top decliners within the sector include First Solar ( FSLR), down 9.6%, Stratasys ( SSYS), down 5.1%, 3D Systems Corporation ( DDD), down 4.4%, eBay ( EBAY), down 3.0% and Wipro ( WIT), down 2.5%.

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

4. BT Group ( BT) is one of the companies pushing the Technology sector higher today. As of noon trading, BT Group is up $0.47 (0.8%) to $63.17 on average volume. Thus far, 32,448 shares of BT Group exchanged hands as compared to its average daily volume of 70,900 shares. The stock has ranged in price between $63.05-$63.43 after having opened the day at $63.14 as compared to the previous trading day's close of $62.70.

BT Group plc provides communications services worldwide. It operates in four segments: BT Global Services, BT Retail, BT Wholesale, and Openreach. The BT Global Services segment offers managed networked IT and consulting services to large corporate and public sector customers. BT Group has a market cap of $49.3 billion and is part of the telecommunications industry. The company has a P/E ratio of 10.3, below the S&P 500 P/E ratio of 17.7. Shares are down 0.7% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate BT Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates BT Group 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, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full BT Group Ratings Report now.

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