4 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.2%) at 12,810 as of Wednesday, Nov. 21, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,635 issues advancing vs. 1,204 declining with 167 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 0.0%. On the negative front, top decliners within the sector include Baidu ( BIDU), down 2.5%, Nippon Telegraph & Telephone ( NTT), down 1.3%, Intel ( INTC), down 1.1% and America Movil S.A.B. de C.V ( AMOV), down 0.7%. Top gainers within the sector include Nokia Oyj ( NOK), up 7.6%, VMWare ( VMW), up 2.7%, Hewlett-Packard ( HPQ), up 2.1%, Ericsson Telephone Company ( ERIC), up 2.1% and China Telecom ( CHA), up 1.6%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:

4. Telefonica Brasil S.A ( VIV) is one of the companies pushing the Technology sector lower today. As of noon trading, Telefonica Brasil S.A is down $0.44 (-1.9%) to $22.76 on light volume Thus far, 604,809 shares of Telefonica Brasil S.A exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $22.66-$22.82 after having opened the day at $22.78 as compared to the previous trading day's close of $23.20.

Telefonica Brasil, S.A. provides fixed-line telecommunications services to residential and commercial customers in the state of Sao Paulo, Brazil. Telefonica Brasil S.A has a market cap of $25.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 6.5, below the S&P 500 P/E ratio of 17.7. Shares are down 15.1% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Telefonica Brasil S.A a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Telefonica Brasil S.A as a hold. 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 and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and a generally disappointing performance in the stock itself. Get the full Telefonica Brasil S.A Ratings Report now.

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3. As of noon trading, Siemens ( SI) is down $0.62 (-0.6%) to $99.38 on heavy volume Thus far, 468,400 shares of Siemens exchanged hands as compared to its average daily volume of 491,200 shares. The stock has ranged in price between $99.23-$99.76 after having opened the day at $99.70 as compared to the previous trading day's close of $100.00.

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 $85.8 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 4.6% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Siemens a buy, no analysts rate it a sell, and 7 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.

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2. As of noon trading, ASML ( ASML) is down $0.65 (-1.2%) to $54.96 on light volume Thus far, 702,593 shares of ASML exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $54.95-$55.43 after having opened the day at $55.43 as compared to the previous trading day's close of $55.61.

ASML Holding N.V., through its subsidiaries, engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. ASML has a market cap of $22.6 billion and is part of the electronics industry. The company has a P/E ratio of 74.9, above the S&P 500 P/E ratio of 17.7. Shares are up 33.1% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate ASML a buy, no analysts rate it a sell, and 3 rate it a hold.

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

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1. As of noon trading, Google ( GOOG) is down $6.81 (-1.0%) to $663.16 on average volume Thus far, 1.2 million shares of Google exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $660.40-$669.80 after having opened the day at $668.99 as compared to the previous trading day's close of $669.97.

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 $177.0 billion and is part of the internet industry. The company has a P/E ratio of 20.9, above the S&P 500 P/E ratio of 17.7. Shares are up 3.7% year to date as of the close of trading on Tuesday. Currently there are 26 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, increase in stock price during the past year 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.

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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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