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 57 points (-0.4%) at 13,942 as of Monday, Feb. 25, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,301 issues advancing vs. 1,576 declining with 144 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include 3D Systems Corporation ( DDD), down 7.6%, F5 Networks ( FFIV), down 4.4%, BT Group ( BT), down 3.2%, Salesforce.com ( CRM), down 1.9% and America Movil S.A.B. de C.V ( AMOV), down 1.8%. Top gainers within the sector include Infosys ( INFY), up 3.8%, Tim Holding Company ( TSU), up 2.4%, Nippon Telegraph & Telephone ( NTT), up 1.9%, Nielsen Holdings ( NLSN), up 1.6% and Telefonica ( TEF), up 1.5%.

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

3. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Technology sector lower today. As of noon trading, China Unicom (Hong Kong is down $0.10 (-0.7%) to $14.37 on light volume Thus far, 186,178 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 622,900 shares. The stock has ranged in price between $14.36-$14.48 after having opened the day at $14.47 as compared to the previous trading day's close of $14.47.

China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of GSM and WCDMA cellular, and related telecommunications services primarily in the People's Republic of China. China Unicom (Hong Kong has a market cap of $33.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 51.4, above the S&P 500 P/E ratio of 17.7. Shares are down 11.7% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. Get the full China Unicom (Hong Kong Ratings Report now.

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2. As of noon trading, Mobile Telesystems OJSC ( MBT) is down $0.46 (-2.2%) to $20.10 on average volume Thus far, 787,995 shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $20.09-$20.50 after having opened the day at $20.45 as compared to the previous trading day's close of $20.56.

Mobile TeleSystems OJSC, together with its subsidiaries, provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Armenia, and Belarus. Mobile Telesystems OJSC has a market cap of $20.0 billion and is part of the telecommunications 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 8.0% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Mobile Telesystems OJSC a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins, solid stock price performance and notable return on equity. 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 Mobile Telesystems OJSC Ratings Report now.

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1. As of noon trading, America Movil S.A.B. de C.V ( AMX) is down $0.46 (-2.1%) to $21.50 on average volume Thus far, 4.1 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 7.6 million shares. The stock has ranged in price between $21.49-$21.97 after having opened the day at $21.91 as compared to the previous trading day's close of $21.95.

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 $84.0 billion and is part of the telecommunications industry. The company has a P/E ratio of 12.3, below the S&P 500 P/E ratio of 17.7. Shares are down 4.5% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate America Movil S.A.B. de C.V a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates America Movil S.A.B. de C.V as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, increase in net income and growth in earnings per share. 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 America Movil S.A.B. de C.V 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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