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AMX, HPQ And ORCL, 3 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.

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 55 points (0.3%) at 16,661 as of Tuesday, May 27, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,943 issues advancing vs. 1,024 declining with 173 unchanged.

The Technology sector currently sits up 2.1% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the sector include America Movil SAB de CV (AMOV), down 2.9%, Amazon.com (AMZN), down 1.4%, Nippon Telegraph & Telephone (NTT), down 1.2% and China Telecom (CHA), down 1.2%. Top gainers within the sector include Identive Group (INVE), up 946.1%, Telecom Italia SpA (TI.A), up 4.3%, Telecom Italia SpA (TI), up 4.1%, LinkedIn Corp Class A (LNKD), up 3.2% and Western Digital (WDC), up 2.2%.

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

3. America Movil SAB de CV (AMX) is one of the companies pushing the Technology sector lower today. As of noon trading, America Movil SAB de CV is down $0.19 (-0.9%) to $19.71 on light volume. Thus far, 1.5 million shares of America Movil SAB de CV exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $19.52-$20.04 after having opened the day at $20.04 as compared to the previous trading day's close of $19.90.

America Movil, S.A.B. de C.V. provides telecommunications services in the United States, Latin America, and the Caribbean. America Movil SAB de CV has a market cap of $70.1 billion and is part of the telecommunications industry. Shares are down 14.8% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates America Movil SAB de CV a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates America Movil SAB de CV as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk. Get the full America Movil SAB de CV 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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