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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 12,892 as of Wednesday, Nov. 28, 2012, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,435 issues advancing vs. 1,435 declining with 148 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is down 0.0%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMOV), down 2.1%, Apple ( AAPL), down 1.1% and AT&T ( T), down 0.7%. Top gainers within the sector include Hewlett-Packard ( HPQ), up 1.6%, Nippon Telegraph & Telephone ( NTT), up 1.1% and Oracle Corporation ( ORCL), up 0.7%.

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

4. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Technology sector lower today. As of noon trading, China Unicom (Hong Kong is down $0.15 (-1.0%) to $15.27 on light volume Thus far, 138,810 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 680,100 shares. The stock has ranged in price between $15.11-$15.33 after having opened the day at $15.26 as compared to the previous trading day's close of $15.42.

China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of GSM and WCDMA cellular, and related telecommunications services primarily in the People's Republic of China. China Unicom (Hong Kong has a market cap of $37.2 billion and is part of the telecommunications industry. The company has a P/E ratio of 56.4, above the S&P 500 P/E ratio of 17.7. Shares are down 27.0% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. Get the full China Unicom (Hong Kong Ratings Report now.

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3. As of noon trading, Mobile Telesystems OJSC ( MBT) is down $0.36 (-2.2%) to $16.36 on heavy volume Thus far, 2.3 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $16.21-$16.72 after having opened the day at $16.66 as compared to the previous trading day's close of $16.72.

Mobile TeleSystems OJSC, together with its subsidiaries, provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Armenia, and Belarus. Mobile Telesystems OJSC has a market cap of $17.3 billion and is part of the telecommunications industry. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7. Shares are up 18.6% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, 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 generally high debt management risk by most measures that we evaluated. Get the full Mobile Telesystems OJSC Ratings Report now.

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2. As of noon trading, Dell ( DELL) is down $0.15 (-1.5%) to $9.62 on average volume Thus far, 10.2 million shares of Dell exchanged hands as compared to its average daily volume of 21.1 million shares. The stock has ranged in price between $9.49-$9.73 after having opened the day at $9.73 as compared to the previous trading day's close of $9.77.

Dell Inc. provides integrated technology solutions in the information technology (IT) industry worldwide. Dell has a market cap of $17.3 billion and is part of the computer hardware industry. The company has a P/E ratio of 6.3, below the S&P 500 P/E ratio of 17.7. Shares are down 32.0% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Dell a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates Dell as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and disappointing return on equity. Get the full Dell Ratings Report now.

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1. As of noon trading, Cisco Systems ( CSCO) is down $0.17 (-0.9%) to $18.79 on average volume Thus far, 15.4 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 38.6 million shares. The stock has ranged in price between $18.55-$18.96 after having opened the day at $18.89 as compared to the previous trading day's close of $18.96.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. Cisco Systems has a market cap of $101.2 billion and is part of the computer hardware industry. The company has a P/E ratio of 12.3, below the S&P 500 P/E ratio of 17.7. Shares are up 5.4% year to date as of the close of trading on Tuesday. Currently there are 19 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Cisco Systems 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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