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.

4. As of noon trading, BCE ( BCE) is down $0.31 (-0.7%) to $42.12 on average volume Thus far, 258,834 shares of BCE exchanged hands as compared to its average daily volume of 507,800 shares. The stock has ranged in price between $41.95-$42.54 after having opened the day at $42.43 as compared to the previous trading day's close of $42.43.

BCE Inc. provides wire line, wireless, Internet, and television (TV) services to residential, business, and wholesale customers primarily in Canada. BCE has a market cap of $33.1 billion and is part of the telecommunications industry. The company has a P/E ratio of 14.6, below the S&P 500 P/E ratio of 17.7. Shares are up 1.8% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate BCE a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates BCE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, 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 BCE Ratings Report now.

3. As of noon trading, Siemens ( SI) is down $1.16 (-1.1%) to $99.34 on light volume Thus far, 139,193 shares of Siemens exchanged hands as compared to its average daily volume of 519,700 shares. The stock has ranged in price between $99.06-$100.12 after having opened the day at $99.96 as compared to the previous trading day's close of $100.50.

Siemens Aktiengesellschaft, an electronics and electrical engineering company, operates in the industry, energy, healthcare, and infrastructure and cities sectors worldwide. Siemens has a market cap of $86.3 billion and is part of the telecommunications industry. The company has a P/E ratio of 32.1, above the S&P 500 P/E ratio of 17.7. Shares are up 5.1% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Siemens a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Siemens as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Siemens Ratings Report now.

2. As of noon trading, Seagate Technology ( STX) is down $0.72 (-2.6%) to $27.21 on average volume Thus far, 6.3 million shares of Seagate Technology exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $27.07-$28.10 after having opened the day at $28.07 as compared to the previous trading day's close of $27.93.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise storage, client compute, and client non-compute market applications worldwide. Seagate Technology has a market cap of $10.6 billion and is part of the computer hardware industry. The company has a P/E ratio of 3.7, below the S&P 500 P/E ratio of 17.7. Shares are up 71.0% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Seagate Technology a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Seagate Technology Ratings Report now.

1. As of noon trading, EMC Corporation ( EMC) is down $0.13 (-0.5%) to $23.78 on average volume Thus far, 8.1 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 18.1 million shares. The stock has ranged in price between $23.75-$24.25 after having opened the day at $24.19 as compared to the previous trading day's close of $23.91.

EMC Corporation develops, delivers, and supports the information and virtual infrastructure technologies and solutions. EMC Corporation has a market cap of $50.8 billion and is part of the computer hardware industry. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7. Shares are up 11.0% year to date as of the close of trading on Tuesday. Currently there are 28 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates EMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full EMC Corporation 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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