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3 Stocks Pushing The Technology Sector Lower

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 or Stephanie Link.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 3 points (0.0%) at 15,545 as of Thursday, July 25, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,346 issues advancing vs. 1,602 declining with 83 unchanged.

The Technology sector currently sits up 0.7% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Western Digital Corporation ( WDC), down 6.0%, Seagate Technology ( STX), down 4.5%, ABB ( ABB), down 3.1%, BT Group ( BT), down 2.0% and Microsoft Corporation ( MSFT), down 2.0%. Top gainers within the sector include Qualcomm ( QCOM), up 2.9%, Salesforce.com ( CRM), up 2.4%, Telefonica ( TEF), up 2.3% and Taiwan Semiconductor Manufacturing ( TSM), up 0.6%.

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

3. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Technology sector lower today. As of noon trading, Nippon Telegraph & Telephone is down $0.43 (-1.6%) to $26.26 on light volume. Thus far, 73,677 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 410,300 shares. The stock has ranged in price between $26.18-$26.29 after having opened the day at $26.21 as compared to the previous trading day's close of $26.69.

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 $63.7 billion and is part of the telecommunications industry. Shares are up 27.9% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that 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, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Nippon Telegraph & Telephone Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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