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3 Stocks Pulling The Technology Sector Downward

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 79 points (0.5%) at 15,295 as of Wednesday, May 15, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,703 issues advancing vs. 1,237 declining with 128 unchanged.

The Technology sector currently sits up 0.5% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include Computer Sciences Corporation (CSC), down 10.28, Hewlett-Packard (HPQ), down 2.23 and Siemens (SI), down 0.97. Top gainers within the sector include Agilent Technologies (A), up 4.0%, Yahoo (YHOO), up 3.6%, Nippon Telegraph & Telephone (NTT), up 3.1%, Baidu (BIDU), up 1.8% and Intel (INTC), up 1.4%.

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

3. Rogers Communications (RCI) is one of the companies pushing the Technology sector lower today. As of noon trading, Rogers Communications is down $1.29 (-2.6%) to $47.77 on heavy volume Thus far, 369,216 shares of Rogers Communications exchanged hands as compared to its average daily volume of 350,100 shares. The stock has ranged in price between $47.58-$48.97 after having opened the day at $48.97 as compared to the previous trading day's close of $49.06.

Rogers Communications Inc. operates as a communications and media company in Canada. The company's Wireless segment offers voice and high-speed data services, as well mobile devices and accessories. It markets its products and services under the Rogers, Fido, and chatr brands. Rogers Communications has a market cap of $19.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 16.8, below the S&P 500 P/E ratio of 17.7. Shares are up 7.8% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Rogers Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Rogers Communications Ratings Report now.

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