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 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Baidu ( BIDU), down 6.2%, ASML ( ASML), down 1.7% and Oracle Corporation ( ORCL), down 0.7%.

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

4. Taiwan Semiconductor Manufacturing ( TSM) is one of the companies pushing the Technology sector lower today. As of noon trading, Taiwan Semiconductor Manufacturing is down $0.24 (-1.4%) to $16.84 on light volume Thus far, 3.9 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10.7 million shares. The stock has ranged in price between $16.82-$17.06 after having opened the day at $17.00 as compared to the previous trading day's close of $17.08.

Taiwan Semiconductor Manufacturing Company Limited engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $89.5 billion and is part of the electronics industry. The company has a P/E ratio of 20.1, above the S&P 500 P/E ratio of 17.7. Shares are up 32.3% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Taiwan Semiconductor Manufacturing a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance and growth in earnings per share. 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 Taiwan Semiconductor Manufacturing Ratings Report now.

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3. As of noon trading, AT&T ( T) is down $0.24 (-0.7%) to $33.90 on light volume Thus far, 8.1 million shares of AT&T exchanged hands as compared to its average daily volume of 26.9 million shares. The stock has ranged in price between $33.82-$34.12 after having opened the day at $34.00 as compared to the previous trading day's close of $34.14.

AT&T Inc., together with its subsidiaries, provides telecommunications services to consumers, businesses, and other providers worldwide. AT&T has a market cap of $193.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 44.3, above the S&P 500 P/E ratio of 17.7. Shares are up 12.9% year to date as of the close of trading on Monday. Currently there are 7 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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2. As of noon trading, Google ( GOOG) is down $6.90 (-1.0%) to $688.35 on light volume Thus far, 827,155 shares of Google exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $685.70-$695.51 after having opened the day at $695.00 as compared to the previous trading day's close of $695.25.

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 $185.0 billion and is part of the internet industry. The company has a P/E ratio of 21.9, above the S&P 500 P/E ratio of 17.7. Shares are up 7.6% year to date as of the close of trading on Monday. Currently there are 25 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, good cash flow from operations and solid stock price performance. 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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1. As of noon trading, Apple ( AAPL) is down $10.30 (-1.8%) to $575.89 on average volume Thus far, 10.7 million shares of Apple exchanged hands as compared to its average daily volume of 20.1 million shares. The stock has ranged in price between $572.78-$581.80 after having opened the day at $581.80 as compared to the previous trading day's close of $586.19.

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 $550.6 billion and is part of the computer hardware industry. The company has a P/E ratio of 13.3, below the S&P 500 P/E ratio of 17.7. Shares are up 44.7% year to date as of the close of trading on Monday. Currently there are 36 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 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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