4 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 34 points (-0.2%) at 14,831 as of Friday, April 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 825 issues advancing vs. 2,080 declining with 130 unchanged.

The Technology sector currently sits down 0.59 versus the S&P 500, which is down 0.51. On the negative front, top decliners within the sector include Infosys ( INFY), down 20.83, Wipro ( WIT), down 5.74, America Movil S.A.B. de C.V ( AMOV), down 2.92, America Movil S.A.B. de C.V ( AMX), down 2.68 and Siemens ( SI), down 1.70. A company within the sector that increased today was NTT DoCoMo ( DCM), up 1.53.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:

4. Sap AG ADR ( SAP) is one of the companies pushing the Technology sector lower today. As of noon trading, Sap AG ADR is down $0.84 (-1.1%) to $78.07 on heavy volume Thus far, 1.4 million 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 $77.41-$78.08 after having opened the day at $77.49 as compared to the previous trading day's close of $78.91.

SAP AG provides enterprise application software and software-related services worldwide. It offers products in applications, analytics, cloud, mobile, and database and technology categories. Sap AG ADR has a market cap of $95.9 billion and is part of the computer software & services industry. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7. Shares are down 1.8% year to date as of the close of trading on Thursday.

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, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Sap AG ADR Ratings Report now.

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3. As of noon trading, Cognizant Technology Solutions Corporation ( CTSH) is down $3.20 (-4.1%) to $74.46 on heavy volume Thus far, 2.6 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $74.11-$75.63 after having opened the day at $75.58 as compared to the previous trading day's close of $77.66.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Manufacturing, Retail, and Logistics; and Other. Cognizant Technology Solutions Corporation has a market cap of $23.0 billion and is part of the computer software & services industry. The company has a P/E ratio of 22.2, above the S&P 500 P/E ratio of 17.7. Shares are up 3.3% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Cognizant Technology Solutions Corporation 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, reasonable valuation levels, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Cognizant Technology Solutions Corporation Ratings Report now.

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2. As of noon trading, Accenture ( ACN) is down $1.16 (-1.5%) to $76.62 on average volume Thus far, 1.4 million shares of Accenture exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $76.17-$77.37 after having opened the day at $77.00 as compared to the previous trading day's close of $77.78.

Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. Accenture has a market cap of $50.1 billion and is part of the computer software & services industry. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7. Shares are up 17.0% year to date as of the close of trading on Thursday.

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, impressive record of earnings per share growth and compelling growth 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.

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1. As of noon trading, Google ( GOOG) is down $2.75 (-0.3%) to $787.64 on light volume Thus far, 846,249 shares of Google exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $782.93-$792.10 after having opened the day at $791.99 as compared to the previous trading day's close of $790.39.

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 $211.4 billion and is part of the internet industry. The company has a P/E ratio of 24.3, above the S&P 500 P/E ratio of 17.7. Shares are up 11.7% year to date as of the close of trading on Thursday.

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.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

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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