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

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.3%) at 13,114 as of Friday, Dec. 7, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,438 issues advancing vs. 1,420 declining with 156 unchanged.

The Technology sector currently sits down 0.1% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include Apple ( AAPL), down 1.6%, Telefonica ( TEF), down 1.3%, Google ( GOOG), down 0.5%, Siemens ( SI), down 0.5% and AT&T ( T), down 0.5%. Top gainers within the sector include P.T. Telekomunikasi Indonesia Tbk ( TLK), up 2.7%, Broadcom Corporation ( BRCM), up 1.7% and International Business Machines ( IBM), up 0.8%.

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

5. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Technology sector lower today. As of noon trading, Nippon Telegraph & Telephone is down $0.17 (-0.8%) to $22.06 on light volume Thus far, 88,841 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 286,900 shares. The stock has ranged in price between $21.91-$22.07 after having opened the day at $21.91 as compared to the previous trading day's close of $22.23.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $54.1 billion and is part of the telecommunications industry. The company has a P/E ratio of 10.8, below the S&P 500 P/E ratio of 17.7. Shares are down 12.7% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Nippon Telegraph & Telephone Ratings Report now.

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4. As of noon trading, EMC Corporation ( EMC) is down $0.23 (-0.9%) to $24.95 on light volume Thus far, 6.7 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 18.3 million shares. The stock has ranged in price between $24.83-$25.28 after having opened the day at $25.22 as compared to the previous trading day's close of $25.18.

EMC Corporation develops, delivers, and supports the information and virtual infrastructure technologies and solutions. EMC Corporation has a market cap of $53.0 billion and is part of the computer hardware industry. The company has a P/E ratio of 20.6, above the S&P 500 P/E ratio of 17.7. Shares are up 16.9% year to date as of the close of trading on Thursday. Currently there are 29 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates EMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full EMC Corporation Ratings Report now.

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3. As of noon trading, Verizon Communications ( VZ) is down $0.32 (-0.7%) to $44.13 on light volume Thus far, 4.6 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.8 million shares. The stock has ranged in price between $43.91-$44.50 after having opened the day at $44.40 as compared to the previous trading day's close of $44.45.

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 $125.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 40.8, above the S&P 500 P/E ratio of 17.7. Shares are up 9.9% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Verizon Communications a buy, 1 analyst rates it a sell, and 16 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, Cisco Systems ( CSCO) is down $0.25 (-1.3%) to $19.23 on average volume Thus far, 21.9 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 $19.16-$19.74 after having opened the day at $19.60 as compared to the previous trading day's close of $19.48.

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 $102.0 billion and is part of the computer hardware industry. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are up 6.2% year to date as of the close of trading on Thursday. 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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1. As of noon trading, Microsoft Corporation ( MSFT) is down $0.24 (-0.9%) to $26.48 on light volume Thus far, 17.5 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 54.9 million shares. The stock has ranged in price between $26.38-$26.82 after having opened the day at $26.82 as compared to the previous trading day's close of $26.72.

Microsoft Corporation develops, licenses, and supports software products and services; and designs and sells hardware worldwide. Microsoft Corporation has a market cap of $224.5 billion and is part of the computer software & services 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 2.9% year to date as of the close of trading on Thursday. Currently there are 20 analysts that rate Microsoft Corporation a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Microsoft Corporation as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in stock price during the past year, 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 Microsoft Corporation Ratings Report now.

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If you are interested in one of these 3 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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