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NOK, TXN, SNDK, IBM And CSCO, 5 Technology Stocks Pushing The 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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 81 points (-0.5%) at 15,762 as of Thursday, Dec. 12, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,157 issues advancing vs. 1,771 declining with 147 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Tim Holding Company ( TSU), down 2.4%, Broadcom Corporation ( BRCM), down 2.4%, Oracle Corporation ( ORCL), down 2.2%, Taiwan Semiconductor Manufacturing ( TSM), down 2.1% and LM Ericsson Telephone Company ( ERIC), down 1.9%. Top gainers within the sector include Facebook Inc Class A ( FB), up 4.0%, 3D Systems Corporation ( DDD), up 3.8%, Yahoo ( YHOO), up 1.5%, NTT DoCoMo ( DCM), up 0.9% and eBay ( EBAY), up 0.6%.

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

5. Nokia Oyj ( NOK) is one of the companies pushing the Technology sector lower today. As of noon trading, Nokia Oyj is down $0.08 (-1.1%) to $7.65 on average volume. Thus far, 11.8 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 31.2 million shares. The stock has ranged in price between $7.63-$7.85 after having opened the day at $7.78 as compared to the previous trading day's close of $7.73.

Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. Nokia Oyj has a market cap of $29.7 billion and is part of the telecommunications industry. Shares are up 100.5% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Nokia Oyj a buy, no analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Nokia Oyj 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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