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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 30 points (-0.2%) at 14,005 as of Wednesday, Feb. 20, 2013, 12:04 PM ET. The NYSE advances/declines ratio sits at 991 issues advancing vs. 1,875 declining with 138 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMX), down 1.9%, Baidu ( BIDU), down 1.8%, America Movil S.A.B. de C.V ( AMOV), down 1.5%, Telefonica ( TEF), down 1.6% and Google ( GOOG), down 1.1%.

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

5. Siemens ( SI) is one of the companies pushing the Technology sector lower today. As of noon trading, Siemens is down $0.93 (-0.9%) to $104.87 on light volume Thus far, 78,118 shares of Siemens exchanged hands as compared to its average daily volume of 312,700 shares. The stock has ranged in price between $104.74-$105.73 after having opened the day at $105.63 as compared to the previous trading day's close of $105.80.

Siemens Aktiengesellschaft, an electronics and electrical engineering company, operates in the energy, healthcare, industry, and infrastructure and cities sectors worldwide. Siemens has a market cap of $87.9 billion and is part of the industrial industry. The company has a P/E ratio of 32.1, above the S&P 500 P/E ratio of 17.7. Shares are down 4.7% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Siemens a buy, no analysts rate it a sell, and 8 rate it a hold.

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

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4. As of noon trading, Garmin ( GRMN) is down $3.99 (-10.2%) to $35.25 on heavy volume Thus far, 4.1 million shares of Garmin exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $34.65-$36.05 after having opened the day at $35.51 as compared to the previous trading day's close of $39.24.

Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, and markets global positioning system (GPS) enabled products and other navigation, communication, and information products for the automotive/mobile, outdoor, fitness, marine, and general aviation markets worldwide. Garmin has a market cap of $8.1 billion and is part of the electronics industry. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7. Shares are down 4.0% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Garmin a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Garmin as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity 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 Garmin Ratings Report now.

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3. As of noon trading, Sap AG ADR ( SAP) is down $0.55 (-0.7%) to $79.99 on light volume Thus far, 286,148 shares of Sap AG ADR exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $79.93-$80.88 after having opened the day at $80.65 as compared to the previous trading day's close of $80.54.

SAP AG provides enterprise application software and software-related services worldwide. Sap AG ADR has a market cap of $95.4 billion and is part of the computer software & services industry. The company has a P/E ratio of 21.3, above the S&P 500 P/E ratio of 17.7. Shares are down 0.4% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Sap AG ADR a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Sap AG ADR as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, increase in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Sap AG ADR Ratings Report now.

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2. As of noon trading, Nokia Oyj ( NOK) is down $0.10 (-2.5%) to $3.83 on light volume Thus far, 22.0 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 65.4 million shares. The stock has ranged in price between $3.81-$3.92 after having opened the day at $3.90 as compared to the previous trading day's close of $3.93.

Nokia Corporation provides telecommunications infrastructure hardware, software, and services worldwide. The company offers smart phones and smart devices; and feature phones, and related services and applications. Nokia Oyj has a market cap of $14.9 billion and is part of the telecommunications industry. Shares are up 1.0% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Nokia Oyj a buy, 10 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Nokia Oyj Ratings Report now.

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1. As of noon trading, EMC Corporation ( EMC) is down $0.32 (-1.4%) to $23.60 on average volume Thus far, 9.2 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 22.1 million shares. The stock has ranged in price between $23.55-$24.02 after having opened the day at $23.92 as compared to the previous trading day's close of $23.92.

EMC Corporation develops, delivers, and supports the information and virtual infrastructure technologies and solutions. EMC Corporation has a market cap of $50.6 billion and is part of the computer hardware industry. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are down 5.1% year to date as of the close of trading on Tuesday. Currently there are 26 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 5 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 increase in net income, revenue growth, 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 lackluster performance in the stock itself. Get the full EMC 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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