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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 47 points (-0.4%) at 12,708 as of Wednesday, Nov. 14, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 733 issues advancing vs. 2,191 declining with 116 unchanged.

The Technology sector currently sits down 0.4% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Baidu ( BIDU), down 5.0%, Mobile Telesystems OJSC ( MBT), down 2.8%, China Telecom ( CHA), down 2.3%, Philippine Long Distance Telephone ( PHI), down 1.9% and China Unicom (Hong Kong ( CHU), down 1.5%. Top gainers within the sector include F5 Networks ( FFIV), up 4.2%, Xilinx ( XLNX), up 2.8%, Broadcom Corporation ( BRCM), up 2.5%, ASML ( ASML), up 1.6% and Hewlett-Packard ( HPQ), up 1.0%.

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

5. Rogers Communications ( RCI) is one of the companies pushing the Technology sector lower today. As of noon trading, Rogers Communications is down $0.71 (-1.6%) to $42.73 on light volume Thus far, 72,066 shares of Rogers Communications exchanged hands as compared to its average daily volume of 234,100 shares. The stock has ranged in price between $42.67-$43.41 after having opened the day at $43.36 as compared to the previous trading day's close of $43.44.

Rogers Communications Inc. operates as a communications and media company in Canada. The company's Wireless segment provides retail and business voice and data wireless communications services. It operates a global system for mobile communications and general packet radio service network. Rogers Communications has a market cap of $17.6 billion and is part of the telecommunications industry. The company has a P/E ratio of 14.9, below the S&P 500 P/E ratio of 17.7. Shares are up 13.5% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Rogers Communications a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Rogers Communications as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, notable return on equity, growth in earnings per share and good cash flow from operations. 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 Rogers Communications Ratings Report now.

If you liked this article you might like

Would a T-Mobile-Sprint Merger Make Life Easier for Verizon? Yes and No

3 Stocks Going Ex-Dividend Tomorrow: DEX, RCI, CNO

Jim Cramer: Still Looking for Reasons to Own BlackBerry

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: VGI, PCN, RCI

5 Big Stocks to Trade for Gains in This Market