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 19 points (0.1%) at 14,273 as of Wednesday, March 6, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,527 issues advancing vs. 1,351 declining with 133 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include Ericsson Telephone Company ( ERIC), down 1.7%, BT Group ( BT), down 1.2%, Verizon Communications ( VZ), down 0.6%, Taiwan Semiconductor Manufacturing ( TSM), down 0.7% and Telefonica ( TEF), down 0.6%. Top gainers within the sector include TIBCO Software ( TIBX), up 9.6%, TripAdvisor ( TRIP), up 5.6%, VimpelCom ( VIP), up 4.0%, Hewlett-Packard ( HPQ), up 3.1% and Tim Holding Company ( TSU), up 3.2%.

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

5. Philippine Long Distance Telephone ( PHI) is one of the companies pushing the Technology sector lower today. As of noon trading, Philippine Long Distance Telephone is down $1.33 (-1.8%) to $71.95 on average volume Thus far, 76,589 shares of Philippine Long Distance Telephone exchanged hands as compared to its average daily volume of 119,100 shares. The stock has ranged in price between $71.83-$72.59 after having opened the day at $72.47 as compared to the previous trading day's close of $73.28.

Philippine Long Distance Telephone Company provides telecommunication services in the Philippines. Philippine Long Distance Telephone has a market cap of $15.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 19.3, above the S&P 500 P/E ratio of 17.7. Shares are up 19.5% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Philippine Long Distance Telephone a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Philippine Long Distance Telephone as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Philippine Long Distance Telephone Ratings Report now.

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4. As of noon trading, Qihoo 360 Technology ( QIHU) is down $2.40 (-6.9%) to $32.42 on heavy volume Thus far, 4.1 million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $31.68-$33.43 after having opened the day at $33.27 as compared to the previous trading day's close of $34.82.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $3.9 billion and is part of the internet industry. The company has a P/E ratio of 96.3, above the S&P 500 P/E ratio of 17.7. Shares are up 17.3% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Qihoo 360 Technology as a hold. 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 and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Qihoo 360 Technology Ratings Report now.

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3. As of noon trading, Qualcomm ( QCOM) is down $0.96 (-1.4%) to $66.76 on heavy volume Thus far, 9.4 million shares of Qualcomm exchanged hands as compared to its average daily volume of 12.2 million shares. The stock has ranged in price between $66.22-$67.52 after having opened the day at $67.48 as compared to the previous trading day's close of $67.72.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. Qualcomm has a market cap of $114.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 19.9, 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 Tuesday. Currently there are 28 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Qualcomm 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. 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 Qualcomm Ratings Report now.

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2. As of noon trading, Microsoft Corporation ( MSFT) is down $0.35 (-1.2%) to $28.00 on average volume Thus far, 24.6 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 47.2 million shares. The stock has ranged in price between $27.78-$28.23 after having opened the day at $28.21 as compared to the previous trading day's close of $28.35.

Microsoft Corporation develops, licenses, and supports software products and services; and designs and sells hardware worldwide. Microsoft Corporation has a market cap of $235.8 billion and is part of the computer software & services industry. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 17.7. Shares are up 6.1% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Microsoft Corporation a buy, no analysts rate it a sell, and 12 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Microsoft Corporation Ratings Report now.

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1. As of noon trading, Google ( GOOG) is down $6.05 (-0.7%) to $832.55 on average volume Thus far, 1.7 million shares of Google exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $828.81-$844.00 after having opened the day at $841.02 as compared to the previous trading day's close of $838.60.

Google Inc., a technology company, builds products and provides services to organize the information and make it universally accessible and useful. Google has a market cap of $219.8 billion and is part of the internet industry. The company has a P/E ratio of 25.3, above the S&P 500 P/E ratio of 17.7. Shares are up 16.1% year to date as of the close of trading on Tuesday. Currently there are 23 analysts that rate Google a buy, no analysts rate it a sell, and 7 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, solid stock price performance, growth in earnings per share and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Google 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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