3 Stocks Dragging In The Technology Sector

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 46 points (-0.3%) at 14,513 as of Wednesday, March 27, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,149 issues advancing vs. 1,749 declining with 144 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Siemens ( SI), down 1.8%, Telefonica ( TEF), down 1.8%, BT Group ( BT), down 1.3%, China Telecom ( CHA), down 0.9% and NTT DoCoMo ( DCM), down 0.8%.

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

3. Sap AG ADR ( SAP) is one of the companies pushing the Technology sector lower today. As of noon trading, Sap AG ADR is down $1.41 (-1.8%) to $78.86 on average volume Thus far, 774,559 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 $78.33-$79.28 after having opened the day at $78.70 as compared to the previous trading day's close of $80.27.

SAP AG provides enterprise application software and software-related services worldwide. Sap AG ADR has a market cap of $95.2 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 0.2% year to date as of the close of trading on Tuesday. Currently there are 5 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, ASML ( ASML) is down $1.47 (-2.2%) to $65.49 on heavy volume Thus far, 2.3 million shares of ASML exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $64.93-$65.60 after having opened the day at $65.13 as compared to the previous trading day's close of $66.96.

ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide. ASML has a market cap of $28.0 billion and is part of the electronics industry. Shares are up 4.0% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate ASML a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates ASML 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, increase in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full ASML Ratings Report now.

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1. As of noon trading, Google ( GOOG) is down $10.16 (-1.2%) to $802.26 on average volume Thus far, 1.5 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 $801.50-$807.00 after having opened the day at $806.68 as compared to the previous trading day's close of $812.42.

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 $216.6 billion and is part of the internet industry. The company has a P/E ratio of 24.9, above the S&P 500 P/E ratio of 17.7. Shares are up 14.8% 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 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.

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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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