5 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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 15 points (-0.1%) at 14,074 as of Monday, March 4, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,220 issues advancing vs. 1,591 declining with 184 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Baidu (BIDU), down 3.0%, China Unicom (Hong Kong (CHU), down 2.5%, Nokia Oyj (NOK), down 2.4%, Mobile Telesystems OJSC (MBT), down 1.9% and P.T. Telekomunikasi Indonesia Tbk (TLK), down 1.4%. Top gainers within the sector include Yahoo (YHOO), up 2.6%, Telefonica (TEF), up 2.5%, Google (GOOG), up 1.0%, Ericsson Telephone Company (ERIC), up 0.8% and AT&T (T), up 0.7%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Infosys (INFY) is one of the companies pushing the Technology sector lower today. As of noon trading, Infosys is down $0.42 (-0.8%) to $53.56 on average volume Thus far, 1.1 million shares of Infosys exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $53.14-$53.62 after having opened the day at $53.35 as compared to the previous trading day's close of $53.97.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $30.8 billion and is part of the computer software & services industry. The company has a P/E ratio of 18.0, above the S&P 500 P/E ratio of 17.7. Shares are up 27.5% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Infosys a buy, 3 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Infosys 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, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Infosys Ratings Report now.

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