5 Stocks Advancing The Technology Sector

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 48 points (0.3%) at 16,465 as of Friday, Jan. 17, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,451 issues advancing vs. 1,447 declining with 177 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Skyworks Solutions ( SWKS), up 8.1%, Qihoo 360 Technology ( QIHU), up 3.5%, Telecom Italia SpA ( TI), up 2.0%, Amazon.com ( AMZN), up 1.4% and Hewlett-Packard ( HPQ), up 1.2%. On the negative front, top decliners within the sector include LinkedIn ( LNKD), down 2.4%, Taiwan Semiconductor Manufacturing ( TSM), down 1.9%, Microsoft Corporation ( MSFT), down 1.6%, ASML ( ASML), down 1.0% and America Movil S.A.B. de C.V ( AMX), down 0.8%.

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

5. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Technology sector higher today. As of noon trading, Nippon Telegraph & Telephone is up $0.59 (2.2%) to $27.89 on light volume. Thus far, 97,123 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 305,500 shares. The stock has ranged in price between $27.88-$27.96 after having opened the day at $27.94 as compared to the previous trading day's close of $27.30.

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. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are up 1.0% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who 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, good cash flow from operations, solid stock price performance and expanding profit margins. 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.

If you liked this article you might like

Japan Inc. to Talk Tough Over Its Deepest Brexit Fears

These 5 Mega-Cap Stocks Are Breaking Out in November

Nutanix's Spectacular IPO Is a Sign Markets Might Be Overheated

Nutanix Has Great Products, but Its Valuation and Competition Should Give Pause

3 Stocks Pulling The Telecommunications Industry Downward