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.

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4. As of noon trading, Telekomunikasi Indonesia (Persero) Tbk ( TLK) is up $0.21 (0.6%) to $36.77 on light volume. Thus far, 40,204 shares of Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 297,800 shares. The stock has ranged in price between $36.47-$36.77 after having opened the day at $36.77 as compared to the previous trading day's close of $36.56.

PT Telekomunikasi Indonesia, Tbk provides network and telecommunication services to individual and home customers, companies, and institutions in Indonesia and internationally. It operates through four segments: Personal, Home, Corporate, and Others. Telekomunikasi Indonesia (Persero) Tbk has a market cap of $88.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7. Shares are up 2.0% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Telekomunikasi Indonesia (Persero) Tbk a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Telekomunikasi Indonesia (Persero) Tbk as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Telekomunikasi Indonesia (Persero) Tbk 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, ABB ( ABB) is up $0.39 (1.5%) to $27.14 on average volume. Thus far, 948,270 shares of ABB exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $26.90-$27.25 after having opened the day at $26.94 as compared to the previous trading day's close of $26.75.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $60.4 billion and is part of the industrial industry. The company has a P/E ratio of 22.3, above the S&P 500 P/E ratio of 17.7. Shares are up 0.7% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate ABB a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full ABB 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, Electronic Arts ( EA) is up $2.56 (11.9%) to $24.10 on heavy volume. Thus far, 7.8 million shares of Electronic Arts exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $22.97-$24.20 after having opened the day at $23.03 as compared to the previous trading day's close of $21.54.

Electronic Arts Inc. develops, markets, publishes, and distributes game software content and services for video game consoles, personal computers, mobile phones, tablets and electronic readers, and the Internet. Electronic Arts has a market cap of $6.8 billion and is part of the computer software & services industry. The company has a P/E ratio of 30.9, above the S&P 500 P/E ratio of 17.7. Shares are down 6.1% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate Electronic Arts a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Electronic Arts as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, we find that revenues have generally been declining. Get the full Electronic Arts 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, NetApp ( NTAP) is up $1.14 (2.6%) to $44.42 on average volume. Thus far, 2.3 million shares of NetApp exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $42.79-$44.45 after having opened the day at $43.04 as compared to the previous trading day's close of $43.28.

NetApp, Inc. engages in design, manufacture, and marketing of networked storage solutions. The company supplies enterprise storage and data management software and hardware products and services. NetApp has a market cap of $14.8 billion and is part of the computer hardware industry. The company has a P/E ratio of 27.2, above the S&P 500 P/E ratio of 17.7. Shares are up 5.2% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate NetApp a buy, 2 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates NetApp as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full NetApp 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).

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