CRM, NOK, SNDK, YHOO And HPQ, 5 Technology Stocks Pushing The 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 52 points (-0.4%) at 14,567 as of Thursday, April 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,288 issues advancing vs. 1,600 declining with 135 unchanged.

The Technology sector currently sits down 0.31 versus the S&P 500, which is down 0.48. On the negative front, top decliners within the sector include Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 3.06, Baidu ( BIDU), down 2.35, Google ( GOOG), down 1.96, Nippon Telegraph & Telephone ( NTT), down 1.55 and LM Ericsson Telephone Company ( ERIC), down 1.27. Top gainers within the sector include ASML ( ASML), up 2.8%, China Telecom ( CHA), up 1.9% and Sap AG ADR ( SAP), up 1.4%.

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

5. Salesforce.com ( CRM) is one of the companies pushing the Technology sector lower today. As of noon trading, Salesforce.com is down $0.83 (-2.0%) to $41.01 on heavy volume Thus far, 2.2 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $40.76-$41.91 after having opened the day at $41.17 as compared to the previous trading day's close of $41.84.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $25.0 billion and is part of the computer software & services industry. Shares are down 0.4% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Salesforce.com Ratings Report now.

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4. As of noon trading, Nokia Oyj ( NOK) is down $0.42 (-11.7%) to $3.16 on heavy volume Thus far, 107.7 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 45.9 million shares. The stock has ranged in price between $3.14-$3.26 after having opened the day at $3.21 as compared to the previous trading day's close of $3.58.

Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. Nokia Oyj has a market cap of $12.9 billion and is part of the telecommunications industry. Shares are down 9.4% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Nokia Oyj as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Nokia Oyj Ratings Report now.

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3. As of noon trading, SanDisk ( SNDK) is down $3.05 (-5.5%) to $52.67 on heavy volume Thus far, 9.6 million shares of SanDisk exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $52.44-$57.33 after having opened the day at $56.61 as compared to the previous trading day's close of $55.72.

Sandisk Corporation designs, develops, manufactures, and markets flash storage card products that are used in various consumer electronics products. SanDisk has a market cap of $13.9 billion and is part of the computer hardware industry. The company has a P/E ratio of 33.8, above the S&P 500 P/E ratio of 17.7. Shares are up 32.2% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates SanDisk 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, 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 SanDisk Ratings Report now.

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2. As of noon trading, Yahoo ( YHOO) is down $0.45 (-1.9%) to $23.25 on heavy volume Thus far, 16.1 million shares of Yahoo exchanged hands as compared to its average daily volume of 19.3 million shares. The stock has ranged in price between $22.70-$23.70 after having opened the day at $23.66 as compared to the previous trading day's close of $23.70.

Yahoo! Inc., a technology company, provides search, content, and communication tools on the Web and on mobile devices worldwide. Yahoo has a market cap of $26.2 billion and is part of the internet industry. The company has a P/E ratio of 7.0, below 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 Wednesday.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, 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 Yahoo 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.

1. As of noon trading, Hewlett-Packard ( HPQ) is down $0.27 (-1.3%) to $20.22 on light volume Thus far, 8.4 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 25.2 million shares. The stock has ranged in price between $20.13-$20.58 after having opened the day at $20.53 as compared to the previous trading day's close of $20.49.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $40.9 billion and is part of the computer hardware industry. Shares are up 43.8% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Hewlett-Packard as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. Get the full Hewlett-Packard 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 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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