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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 12,949 as of Tuesday, Nov. 27, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,707 issues advancing vs. 1,183 declining with 148 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is up 0.0%. On the negative front, top decliners within the sector include Seagate Technology ( STX), down 3.9%, Telecom Italia SpA ADR ( TI.A), down 3.2%, Telecom Italia SpA ( TI), down 3.1%, Red Hat ( RHT), down 2.5% and Mobile Telesystems OJSC ( MBT), down 2.5%. Top gainers within the sector include Corning ( GLW), up 7.6%, Wipro ( WIT), up 2.2%, ASML ( ASML), up 1.6%, Taiwan Semiconductor Manufacturing ( TSM), up 1.3% and Google ( GOOG), up 0.8%.

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

5. Research in Motion ( RIMM) is one of the companies pushing the Technology sector lower today. As of noon trading, Research in Motion is down $0.73 (-6.1%) to $11.25 on heavy volume Thus far, 42.6 million shares of Research in Motion exchanged hands as compared to its average daily volume of 25.6 million shares. The stock has ranged in price between $11.02-$12.00 after having opened the day at $11.98 as compared to the previous trading day's close of $11.98.

Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. Research in Motion has a market cap of $6.0 billion and is part of the telecommunications industry. Shares are down 19.6% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Research in Motion a buy, 11 analysts rate it a sell, and 19 rate it a hold.

TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full Research in Motion Ratings Report now.

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4. As of noon trading, Hewlett-Packard ( HPQ) is down $0.16 (-1.3%) to $12.58 on average volume Thus far, 12.2 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 29.7 million shares. The stock has ranged in price between $12.44-$12.82 after having opened the day at $12.74 as compared to the previous trading day's close of $12.74.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $24.5 billion and is part of the computer hardware industry. The company has a P/E ratio of 3.1, below the S&P 500 P/E ratio of 17.7. Shares are down 50.5% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Hewlett-Packard a buy, 8 analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Hewlett-Packard Ratings Report now.

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3. As of noon trading, Verizon Communications ( VZ) is down $0.15 (-0.3%) to $43.15 on light volume Thus far, 4.3 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.4 million shares. The stock has ranged in price between $42.87-$43.33 after having opened the day at $43.08 as compared to the previous trading day's close of $43.30.

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 $124.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 40.5, above the S&P 500 P/E ratio of 17.7. Shares are up 9.1% year to date as of the close of trading on Monday. 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 somewhat disappointing return on equity. Get the full Verizon Communications Ratings Report now.

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2. As of noon trading, AT&T ( T) is down $0.14 (-0.4%) to $33.84 on light volume Thus far, 9.5 million shares of AT&T exchanged hands as compared to its average daily volume of 25.8 million shares. The stock has ranged in price between $33.61-$34.02 after having opened the day at $33.93 as compared to the previous trading day's close of $33.97.

AT&T Inc., together with its subsidiaries, provides telecommunications services to consumers, businesses, and other providers worldwide. AT&T has a market cap of $195.2 billion and is part of the telecommunications industry. The company has a P/E ratio of 44.6, above the S&P 500 P/E ratio of 17.7. Shares are up 13.6% year to date as of the close of trading on Monday. 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, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and growth in earnings per share. 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.

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1. As of noon trading, Apple ( AAPL) is down $4.98 (-0.8%) to $584.55 on average volume Thus far, 8.4 million shares of Apple exchanged hands as compared to its average daily volume of 19.4 million shares. The stock has ranged in price between $580.10-$589.64 after having opened the day at $589.55 as compared to the previous trading day's close of $589.53.

Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. Apple has a market cap of $537.6 billion and is part of the computer hardware industry. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are up 45.6% year to date as of the close of trading on Monday. Currently there are 37 analysts that rate Apple a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Apple as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Apple Ratings Report now.

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If you are interested in one of these 4 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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