MBT, ERIC, SAP, TSM And DELL, Pushing Technology Sector Downward

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 21 points (-0.1%) at 14,492 as of Monday, March 18, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,220 issues advancing vs. 1,709 declining with 121 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Telecom Italia SpA ADR ( TI.A), down 3.8%, VimpelCom ( VIP), down 2.6% and Telefonica ( TEF), down 2.0%.

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

5. Mobile Telesystems OJSC ( MBT) is one of the companies pushing the Technology sector lower today. As of noon trading, Mobile Telesystems OJSC is down $0.58 (-2.8%) to $19.98 on heavy volume Thus far, 2.0 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $19.69-$20.35 after having opened the day at $20.29 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 $20.7 billion and is part of the telecommunications industry. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7. Shares are up 10.2% 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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4. As of noon trading, Ericsson Telephone Company ( ERIC) is down $0.30 (-2.3%) to $12.98 on average volume Thus far, 3.7 million shares of Ericsson Telephone Company exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $12.89-$13.02 after having opened the day at $12.98 as compared to the previous trading day's close of $13.28.

Ericsson provides communications equipment, professional services, and multimedia solutions to mobile and fixed networks operators worldwide. Ericsson Telephone Company has a market cap of $42.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are up 31.5% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Ericsson Telephone Company a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Ericsson Telephone Company 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, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Ericsson Telephone Company Ratings Report now.

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3. As of noon trading, Sap AG ADR ( SAP) is down $1.09 (-1.3%) to $83.49 on light volume Thus far, 434,212 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 $82.61-$83.68 after having opened the day at $82.72 as compared to the previous trading day's close of $84.58.

SAP AG provides enterprise application software and software-related services worldwide. Sap AG ADR has a market cap of $100.8 billion and is part of the computer software & services industry. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 5.3% year to date as of the close of trading on Friday. 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, Taiwan Semiconductor Manufacturing ( TSM) is down $0.31 (-1.8%) to $17.33 on heavy volume Thus far, 8.3 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 9.0 million shares. The stock has ranged in price between $17.20-$17.45 after having opened the day at $17.45 as compared to the previous trading day's close of $17.64.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $93.6 billion and is part of the electronics industry. The company has a P/E ratio of 21.0, above the S&P 500 P/E ratio of 17.7. Shares are up 2.8% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth and compelling growth 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 Taiwan Semiconductor Manufacturing Ratings Report now.

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1. As of noon trading, Dell ( DELL) is down $0.22 (-1.6%) to $14.08 on light volume Thus far, 10.8 million shares of Dell exchanged hands as compared to its average daily volume of 36.9 million shares. The stock has ranged in price between $14.08-$14.22 after having opened the day at $14.13 as compared to the previous trading day's close of $14.31.

Dell Inc. provides integrated technology solutions in the information technology (IT) industry worldwide. Dell has a market cap of $24.9 billion and is part of the computer hardware industry. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7. Shares are up 41.1% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Dell a buy, 2 analysts rate it a sell, and 19 rate it a hold.

TheStreet Ratings rates Dell as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and poor profit margins. Get the full Dell 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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