3 Stocks Improving Performance Of 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 16 points (-0.1%) at 18,296 as of Wednesday, May 20, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,497 issues advancing vs. 1,463 declining with 190 unchanged.

The Technology sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Tim Participacoes ( TSU), up 5.3%, Analog Devices ( ADI), up 4.0%, Computer ( CSC), up 3.5%, Micron Technology ( MU), up 2.5% and NetEase ( NTES), up 2.2%. On the negative front, top decliners within the sector include Qihoo 360 Technology ( QIHU), down 7.6%, Salesforce.com ( CRM), down 2.5%, American Tower ( AMT), down 1.2%, Hewlett-Packard ( HPQ), down 1.1% and Crown Castle International ( CCI), down 1.0%.

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

3. Nokia Oyj ( NOK) is one of the companies pushing the Technology sector higher today. As of noon trading, Nokia Oyj is up $0.13 (1.9%) to $7.11 on average volume. Thus far, 12.2 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 30.2 million shares. The stock has ranged in price between $7.02-$7.16 after having opened the day at $7.05 as compared to the previous trading day's close of $6.98.

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Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. Nokia Oyj has a market cap of $25.6 billion and is part of the telecommunications industry. Shares are down 11.2% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Nokia Oyj a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Nokia Oyj Ratings Report now.

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