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 25 points (-0.2%) at 14,513 as of Friday, March 15, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,309 issues advancing vs. 1,578 declining with 140 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMX), down 3.9%, America Movil S.A.B. de C.V ( AMOV), down 3.0%, BT Group ( BT), down 1.5%, Taiwan Semiconductor Manufacturing ( TSM), down 1.4% and Verizon Communications ( VZ), down 1.0%.

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

5. Accenture ( ACN) is one of the companies pushing the Technology sector lower today. As of noon trading, Accenture is down $1.09 (-1.4%) to $77.17 on average volume Thus far, 1.9 million shares of Accenture exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $77.02-$78.17 after having opened the day at $77.89 as compared to the previous trading day's close of $78.26.

Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. Accenture has a market cap of $50.2 billion and is part of the computer software & services industry. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7. Shares are up 17.7% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate Accenture a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Accenture 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, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Accenture Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

4. As of noon trading, Qualcomm ( QCOM) is down $0.82 (-1.2%) to $65.75 on heavy volume Thus far, 10.8 million shares of Qualcomm exchanged hands as compared to its average daily volume of 11.8 million shares. The stock has ranged in price between $65.46-$66.58 after having opened the day at $66.42 as compared to the previous trading day's close of $66.57.

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 $114.7 billion and is part of the telecommunications industry. The company has a P/E ratio of 20.0, above the S&P 500 P/E ratio of 17.7. Shares are up 7.6% year to date as of the close of trading on Thursday. Currently there are 27 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.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

3. As of noon trading, AT&T ( T) is down $0.44 (-1.2%) to $36.42 on average volume Thus far, 16.7 million shares of AT&T exchanged hands as compared to its average daily volume of 25.3 million shares. The stock has ranged in price between $36.37-$36.70 after having opened the day at $36.62 as compared to the previous trading day's close of $36.86.

AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally. The company operates in three segments: Wireless, Wireline, and Other. AT&T has a market cap of $202.3 billion and is part of the telecommunications industry. The company has a P/E ratio of 29.3, above the S&P 500 P/E ratio of 17.7. Shares are up 9.3% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate AT&T a buy, 2 analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and good cash flow from operations. 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 AT&T Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

2. As of noon trading, Intel ( INTC) is down $0.28 (-1.3%) to $21.37 on average volume Thus far, 28.2 million shares of Intel exchanged hands as compared to its average daily volume of 44.7 million shares. The stock has ranged in price between $21.32-$21.70 after having opened the day at $21.61 as compared to the previous trading day's close of $21.65.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $107.1 billion and is part of the electronics industry. The company has a P/E ratio of 10.2, 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 Thursday. Currently there are 10 analysts that rate Intel a buy, 4 analysts rate it a sell, and 22 rate it a hold.

TheStreet Ratings rates Intel 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, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Intel Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

1. As of noon trading, Google ( GOOG) is down $4.95 (-0.6%) to $816.59 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 $814.33-$820.30 after having opened the day at $818.50 as compared to the previous trading day's close of $821.54.

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 $220.8 billion and is part of the internet industry. The company has a P/E ratio of 25.4, 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 Thursday. 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 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 Google Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

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.
null

If you liked this article you might like

The Simple Reason for Stocks' Hard Fall

The Simple Reason for Stocks' Hard Fall

5 Ways Corporate America Scores Touchdowns at the Super Bowl

5 Ways Corporate America Scores Touchdowns at the Super Bowl

Accenture May Be Extended, but Its Indicators Are Still Positive

Accenture May Be Extended, but Its Indicators Are Still Positive

Jim Cramer: The 3 Best Sectors That Lifted the Stock Market

Jim Cramer: The 3 Best Sectors That Lifted the Stock Market

Watch: Meet This New ETF Tracking Blockchain Related Companies Like IBM

Watch: Meet This New ETF Tracking Blockchain Related Companies Like IBM