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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 83 points (0.6%) at 13,218 as of Monday, Dec. 17, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,927 issues advancing vs. 999 declining with 148 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is up 0.8%. On the negative front, top decliners within the sector include Clearwire ( CLWR), down 13.1%, Activision Blizzard ( ATVI), down 2.2%, China Telecom ( CHA), down 1.6%, Nippon Telegraph & Telephone ( NTT), down 1.3% and Infosys ( INFY), down 1.1%. Top gainers within the sector include Geospace Technologies ( GEOS), up 29.6%, Google ( GOOG), up 2.0%, P.T. Telekomunikasi Indonesia Tbk ( TLK), up 1.7%, EMC Corporation ( EMC), up 1.3% and Salesforce.com ( CRM), up 1.4%.

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

4. America Movil S.A.B. de C.V ( AMX) is one of the companies pushing the Technology sector lower today. As of noon trading, America Movil S.A.B. de C.V is down $0.14 (-0.6%) to $23.60 on average volume Thus far, 2.8 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 7.0 million shares. The stock has ranged in price between $23.57-$23.74 after having opened the day at $23.74 as compared to the previous trading day's close of $23.74.

America Movil, S.A.B. de C.V. provides telecommunications services primarily in the United States, Latin America, and the Caribbean. The company offers mobile and fixed voice services, including airtime, local, long-distance, public telephony, and network interconnection services. America Movil S.A.B. de C.V has a market cap of $90.9 billion and is part of the telecommunications 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 5.0% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate America Movil S.A.B. de C.V a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates America Movil S.A.B. de C.V as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. Get the full America Movil S.A.B. de C.V Ratings Report now.

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3. As of noon trading, Hewlett-Packard ( HPQ) is down $0.27 (-1.8%) to $14.48 on light volume Thus far, 8.3 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 32.4 million shares. The stock has ranged in price between $14.40-$14.83 after having opened the day at $14.72 as compared to the previous trading day's close of $14.75.

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 $28.5 billion and is part of the computer hardware industry. The company has a P/E ratio of 3.6, below the S&P 500 P/E ratio of 17.7. Shares are down 42.7% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Hewlett-Packard a buy, 7 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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2. As of noon trading, Baidu ( BIDU) is down $1.89 (-1.9%) to $95.51 on average volume Thus far, 2.2 million shares of Baidu exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $94.75-$98.86 after having opened the day at $98.00 as compared to the previous trading day's close of $97.40.

Baidu, Inc. provides Internet search services. The company offers a Chinese language search platform on its Website, Baidu.com; and a Japanese language search platform on its Website, Baidu.jp. Baidu has a market cap of $33.3 billion and is part of the internet industry. The company has a P/E ratio of 17.8, above the S&P 500 P/E ratio of 17.7. Shares are down 18.2% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Baidu a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Baidu 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Baidu Ratings Report now.

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1. As of noon trading, Verizon Communications ( VZ) is down $0.24 (-0.6%) to $43.96 on light volume Thus far, 4.2 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.3 million shares. The stock has ranged in price between $43.86-$44.30 after having opened the day at $44.25 as compared to the previous trading day's close of $44.21.

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 $127.1 billion and is part of the telecommunications industry. The company has a P/E ratio of 41.2, above the S&P 500 P/E ratio of 17.7. Shares are up 11.0% year to date as of the close of trading on Friday. 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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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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