3 Stocks Pushing The Technology Sector Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 52 points (0.4%) at 12,867 as of Tuesday, Nov. 13, 2012, 11:54 AM ET. The NYSE advances/declines ratio sits at 1,426 issues advancing vs. 1,481 declining with 120 unchanged.

The Technology sector currently sits down 0.1% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the sector include China Telecom (CHA), down 2.8%, Telefonica Brasil S.A (VIV), down 1.5%, China Unicom (Hong Kong (CHU), down 1.4%, America Movil S.A.B. de C.V (AMOV), down 0.7% and Intel (INTC), down 0.6%. Top gainers within the sector include Telefonica (TEF), up 1.7%, AT&T (T), up 1.4%, BT Group (BT), up 1.3% and Siemens (SI), up 0.5%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector lower today:

3. Hewlett-Packard (HPQ) is one of the companies pushing the Technology sector lower today. As of noon trading, Hewlett-Packard is down $0.18 (-1.3%) to $13.23 on average volume Thus far, 10.2 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 26.6 million shares. The stock has ranged in price between $13.20-$13.40 after having opened the day at $13.34 as compared to the previous trading day's close of $13.41.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $26.8 billion and is part of the computer hardware industry. The company has a P/E ratio of -4.9, below the S&P 500 P/E ratio of 17.7. Shares are down 47.9% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Hewlett-Packard a buy, 8 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk. Get the full Hewlett-Packard Ratings Report now.

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