5 Stocks Pushing The Technology Sector Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 13,082 as of Monday, Nov. 5, 2012, 1:34 PM ET. The NYSE advances/declines ratio sits at 1,351 issues advancing vs. 1,574 declining with 129 unchanged.

The Technology sector currently sits up 0.7% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMOV), down 3.1%, Thomson Reuters Corporation ( TRI), down 1.8%, Telefonica ( TEF), down 2.1%, Nippon Telegraph & Telephone ( NTT), down 1.4% and China Unicom (Hong Kong ( CHU), down 1.3%. A company within the sector that increased today was Kyocera Corporation ( KYO), up 1.9%.

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

5. America Movil S.A.B. de C.V ( AMX) is one of the companies pushing the Technology sector lower today. As of noon trading, America Movil S.A.B. de C.V is down $0.86 (-3.3%) to $25.35 on light volume Thus far, 2.6 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $25.34-$26.02 after having opened the day at $26.01 as compared to the previous trading day's close of $26.21.

America Movil, S.A.B. de C.V. provides telecommunications services primarily in the United States, Latin America, and the Caribbean. The company offers mobile and fixed voice services, including airtime, local, long-distance, public telephony, and network interconnection services. America Movil S.A.B. de C.V has a market cap of $96.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are up 16.0% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate America Movil S.A.B. de C.V a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates America Movil S.A.B. de C.V as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, increase in net income, expanding profit margins and growth in earnings per share. 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 America Movil S.A.B. de C.V Ratings Report now.

4. As of noon trading, Verizon Communications ( VZ) is down $0.34 (-0.8%) to $44.18 on light volume Thus far, 5.2 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 12.8 million shares. The stock has ranged in price between $43.86-$44.52 after having opened the day at $44.39 as compared to the previous trading day's close of $44.52.

Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $128.8 billion and is part of the telecommunications industry. The company has a P/E ratio of 41.8, above the S&P 500 P/E ratio of 17.7. Shares are up 12.5% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Verizon Communications a buy, 1 analyst rates it a sell, and 17 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. 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 Verizon Communications Ratings Report now.

3. As of noon trading, Baidu ( BIDU) is down $2.02 (-1.9%) to $103.07 on light volume Thus far, 3.8 million shares of Baidu exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $102.55-$106.41 after having opened the day at $105.00 as compared to the previous trading day's close of $105.09.

Baidu, Inc. provides Internet search services. The company offers a Chinese language search platform on its Website, Baidu.com; and a Japanese language search platform on its Website, Baidu.jp. Baidu has a market cap of $37.3 billion and is part of the internet industry. The company has a P/E ratio of 20.0, above the S&P 500 P/E ratio of 17.7. Shares are down 8.4% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Baidu a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Baidu Ratings Report now.

2. As of noon trading, AT&T ( T) is down $0.34 (-1.0%) to $34.59 on light volume Thus far, 8.9 million shares of AT&T exchanged hands as compared to its average daily volume of 24.4 million shares. The stock has ranged in price between $34.43-$34.93 after having opened the day at $34.88 as compared to the previous trading day's close of $34.93.

AT&T Inc., together with its subsidiaries, provides telecommunications services to consumers, businesses, and other providers worldwide. AT&T has a market cap of $202.4 billion and is part of the telecommunications industry. The company has a P/E ratio of 43.9, above the S&P 500 P/E ratio of 17.7. Shares are up 16.0% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate AT&T a buy, 1 analyst rates it a sell, and 20 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 solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full AT&T Ratings Report now.

1. As of noon trading, Google ( GOOG) is down $11.49 (-1.7%) to $676.43 on light volume Thus far, 989,259 shares of Google exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $675.75-$686.86 after having opened the day at $684.50 as compared to the previous trading day's close of $687.92.

Google Inc., a technology company, maintains an index of Web sites and other online content for users, advertisers, and Google network members and other content providers. Google has a market cap of $182.2 billion and is part of the internet industry. The company has a P/E ratio of 21.5, above the S&P 500 P/E ratio of 17.7. Shares are up 6.5% year to date as of the close of trading on Friday. Currently there are 27 analysts that rate Google a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Google as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Google Ratings Report now.

If you are interested in one of these 5 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).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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