3 Stocks Improving Performance Of The Telecommunications Industry

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 61 points (0.3%) at 18,072 as of Monday, June 1, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,805 issues advancing vs. 1,201 declining with 153 unchanged.

The Telecommunications industry currently sits down 0.2% versus the S&P 500, which is up 0.3%. A company within the industry that increased today was American Tower ( AMT), up 0.9%. A company within the industry that fell today was America Movil SAB de CV ( AMOV), up 0.6%.

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

3. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Telecommunications industry higher today. As of noon trading, China Unicom (Hong Kong is up $0.11 (0.7%) to $17.11 on light volume. Thus far, 141,585 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 591,400 shares. The stock has ranged in price between $17.03-$17.12 after having opened the day at $17.04 as compared to the previous trading day's close of $17.00.

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China Unicom (Hong Kong) Limited, an investment holding company, provides telecommunications services in the People's Republic of China. China Unicom (Hong Kong has a market cap of $41.6 billion and is part of the technology sector. Shares are up 26.4% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates China Unicom (Hong Kong 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, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full China Unicom (Hong Kong Ratings Report now.

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2. As of noon trading, Nippon Telegraph & Telephone ( NTT) is up $0.19 (0.6%) to $34.86 on average volume. Thus far, 127,607 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 325,400 shares. The stock has ranged in price between $34.83-$35.08 after having opened the day at $35.03 as compared to the previous trading day's close of $34.67.

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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 $73.5 billion and is part of the technology sector. Shares are up 35.4% year-to-date as of the close of trading on Friday. 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 its 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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1. As of noon trading, Qualcomm ( QCOM) is up $0.50 (0.7%) to $69.70 on light volume. Thus far, 3.6 million shares of Qualcomm exchanged hands as compared to its average daily volume of 12.0 million shares. The stock has ranged in price between $69.11-$69.87 after having opened the day at $69.51 as compared to the previous trading day's close of $69.20.

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QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. Qualcomm has a market cap of $115.0 billion and is part of the technology sector. Shares are down 6.3% year-to-date as of the close of trading on Friday. Currently there are 15 analysts who rate Qualcomm a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Qualcomm 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, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Qualcomm Ratings Report now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).

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