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3 Technology Stocks Dragging The Sector Down

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 77 points (-0.5%) at 16,493 as of Tuesday, Aug. 5, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,020 issues advancing vs. 1,966 declining with 149 unchanged. The Technology sector currently sits down 0.3% versus the S&P 500, which is down 0.6%. On the negative front, top decliners within the sector include Tim Participacoes ( TSU), down 8.1%, Telefonica Brasil ( VIV), down 6.4%, Telecom Italia SpA ( TI), down 5.7%, Alcatel-Lucent ( ALU), down 5.1% and Telecom Italia SpA ( TI.A), down 4.9%. A company within the sector that increased today was SAP SE ( SAP), up 0.6%. TheStreet would like to highlight 3 stocks pushing the sector lower today: 3. International Business Machines ( IBM) is one of the companies pushing the Technology sector lower today. As of noon trading, International Business Machines is down $1.99 (-1.1%) to $187.65 on light volume. Thus far, 1.2 million shares of International Business Machines exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $187.43-$189.20 after having opened the day at $188.77 as compared to the previous trading day's close of $189.64. International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $188.7 billion and is part of the computer software & services industry. Shares are up 1.1% year-to-date as of the close of trading on Monday. Currently there are 4 analysts that rate International Business Machines a buy, 1 analyst rates it a sell, and 11 rate it a hold. TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, good cash flow from operations and expanding profit margins. 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 International Business Machines 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. <STORY_PAGE_BREAK /> 2. As of noon trading, AT&T ( T) is down $0.30 (-0.8%) to $35.16 on light volume. Thus far, 7.3 million shares of AT&T exchanged hands as compared to its average daily volume of 22.9 million shares. The stock has ranged in price between $35.11-$35.46 after having opened the day at $35.36 as compared to the previous trading day's close of $35.46. AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. AT&T has a market cap of $183.4 billion and is part of the telecommunications industry. Shares are up 0.8% year-to-date as of the close of trading on Monday. Currently there are 10 analysts that rate AT&T a buy, 1 analyst rates it a sell, and 11 rate it a hold. TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full AT&T 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. <STORY_PAGE_BREAK /> 1. As of noon trading, Intel ( INTC) is down $0.92 (-2.7%) to $32.90 on average volume. Thus far, 24.5 million shares of Intel exchanged hands as compared to its average daily volume of 33.0 million shares. The stock has ranged in price between $32.80-$33.78 after having opened the day at $33.76 as compared to the previous trading day's dividend-adjusted close of $33.82. Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $167.1 billion and is part of the electronics industry. Shares are up 31.2% year-to-date as of the close of trading on Monday. Currently there are 16 analysts that rate Intel a buy, 2 analysts rate it a sell, and 13 rate it a hold. TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Intel 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. If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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