3 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 down 19 points (-0.1%) at 13,006 as of Monday, Dec. 3, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,239 issues advancing vs. 1,655 declining with 129 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Kyocera Corporation ( KYO), down 1.9%, China Telecom ( CHA), down 2.0%, Nippon Telegraph & Telephone ( NTT), down 1.2% and China Unicom (Hong Kong ( CHU), down 1.0%. Top gainers within the sector include Qihoo 360 Technology ( QIHU), up 11.0%, VeriSign ( VRSN), up 6.6%, Dell ( DELL), up 5.8%, Ericsson Telephone Company ( ERIC), up 1.2% and Baidu ( BIDU), up 1.4%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector lower today:

3. P.T. Telekomunikasi Indonesia Tbk ( TLK) is one of the companies pushing the Technology sector lower today. As of noon trading, P.T. Telekomunikasi Indonesia Tbk is down $1.28 (-3.4%) to $36.76 on average volume Thus far, 138,992 shares of P.T. Telekomunikasi Indonesia Tbk exchanged hands as compared to its average daily volume of 296,700 shares. The stock has ranged in price between $36.70-$37.01 after having opened the day at $36.90 as compared to the previous trading day's close of $38.04.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk and its subsidiaries provide telecommunication and network services worldwide. P.T. Telekomunikasi Indonesia Tbk has a market cap of $19.4 billion and is part of the telecommunications industry. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7. Shares are up 25.1% year to date as of the close of trading on Friday. Currently there are no analysts that rate P.T. Telekomunikasi Indonesia Tbk a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates P.T. Telekomunikasi Indonesia Tbk as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full P.T. Telekomunikasi Indonesia Tbk Ratings Report now.

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2. As of noon trading, Telefonica Brasil S.A ( VIV) is down $0.31 (-1.4%) to $21.63 on light volume Thus far, 458,974 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 $21.38-$21.78 after having opened the day at $21.67 as compared to the previous trading day's close of $21.94.

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 $25.2 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 19.8% year to date as of the close of trading on Friday. 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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1. As of noon trading, International Business Machines ( IBM) is down $0.87 (-0.5%) to $189.20 on light volume Thus far, 1.5 million shares of International Business Machines exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $188.36-$191.30 after having opened the day at $190.76 as compared to the previous trading day's close of $190.07.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. International Business Machines has a market cap of $216.4 billion and is part of the computer hardware industry. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7. Shares are up 3.4% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate International Business Machines a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share, expanding profit margins 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 International Business Machines 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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