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 48 points (-0.3%) at 16,864 as of Wednesday, July 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,073 issues advancing vs. 1,897 declining with 171 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include

America Movil SAB de CV

(

AMOV

), down 1.4%,

Emerson Electric

(

EMR

), down 1.3%,

Nippon Telegraph & Telephone

(

NTT

), down 1.2%,

Adobe Systems

(

ADBE

), down 1.0% and

Microsoft

(

MSFT

), down 0.9%. Top gainers within the sector include

ASML

(

ASML

), up 14.9%,

Telecom Argentina

(

TEO

), up 8.9%,

SK Telecom

(

SKM

), up 6.2%,

Workday

(

WDAY

), up 5.3% and

ServiceNow

(

NOW

), up 5.1%.

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

3.

China Telecom

(

CHA

) is one of the companies pushing the Technology sector lower today. As of noon trading, China Telecom is down $0.53 (-0.9%) to $55.51 on light volume. Thus far, 10,844 shares of China Telecom exchanged hands as compared to its average daily volume of 40,700 shares. The stock has ranged in price between $55.47-$56.15 after having opened the day at $55.95 as compared to the previous trading day's close of $56.04.

China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services primarily in the People's Republic of China. China Telecom has a market cap of $44.6 billion and is part of the telecommunications industry. Shares are up 10.8% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate China Telecom a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

China Telecom

as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full

China Telecom 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.

2. As of noon trading,

Garmin

(

GRMN

) is down $2.50 (-4.3%) to $55.08 on heavy volume. Thus far, 7.0 million shares of Garmin exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $53.78-$61.75 after having opened the day at $61.60 as compared to the previous trading day's close of $57.58.

Garmin Ltd. is a worldwide provider of navigation, communications and information devices, most of which are enabled by global positioning system (GPS) technology. Garmin has a market cap of $11.2 billion and is part of the electronics industry. Shares are up 24.7% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Garmin a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates

Garmin

as a

buy

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full

Garmin 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.

1. As of noon trading,

America Movil SAB de CV

(

AMX

) is down $0.30 (-1.3%) to $23.60 on average volume. Thus far, 2.6 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 $23.52-$24.12 after having opened the day at $24.08 as compared to the previous trading day's close of $23.90.

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 $84.6 billion and is part of the telecommunications industry. Shares are up 2.3% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates America Movil SAB de CV a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates

America Movil SAB de CV

as a

buy

. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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.

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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