5 Technology Stocks Dragging The Sector Down

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 62 points (-0.4%) at 14,778 as of Wednesday, May 1, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 958 issues advancing vs. 1,966 declining with 114 unchanged.

The Technology sector currently sits down 0.81 versus the S&P 500, which is down 0.42. On the negative front, top decliners within the sector include SolarWinds ( SWI), down 10.78, America Movil S.A.B. de C.V ( AMOV), down 3.22, Wipro ( WIT), down 2.25, Cognizant Technology Solutions Corporation ( CTSH), down 1.44 and China Unicom (Hong Kong ( CHU), down 1.46.

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

5. ABB ( ABB) is one of the companies pushing the Technology sector lower today. As of noon trading, ABB is down $0.32 (-1.4%) to $22.25 on heavy volume Thus far, 1.4 million shares of ABB exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $22.17-$22.57 after having opened the day at $22.57 as compared to the previous trading day's close of $22.57.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $53.3 billion and is part of the electronics industry. The company has a P/E ratio of 19.7, above the S&P 500 P/E ratio of 17.7. Shares are up 8.6% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full ABB Ratings Report now.

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4. As of noon trading, Trimble Navigation ( TRMB) is down $2.21 (-7.7%) to $26.53 on heavy volume Thus far, 3.0 million shares of Trimble Navigation exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $26.04-$27.60 after having opened the day at $26.54 as compared to the previous trading day's close of $28.74.

Trimble Navigation Limited designs and distributes positioning products and applications enabled by global positioning system (GPS), optical, laser, and wireless communications technology. Trimble Navigation has a market cap of $7.2 billion and is part of the electronics industry. The company has a P/E ratio of 38.2, above the S&P 500 P/E ratio of 17.7. Shares are down 5.5% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Trimble Navigation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Trimble Navigation Ratings Report now.

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3. As of noon trading, Accenture ( ACN) is down $0.70 (-0.9%) to $80.74 on average volume Thus far, 1.7 million shares of Accenture exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $80.64-$82.18 after having opened the day at $81.39 as compared to the previous trading day's close of $81.44.

Accenture plc operates as a management consulting, technology services, and outsourcing company worldwide. Accenture has a market cap of $52.7 billion and is part of the computer software & services industry. The company has a P/E ratio of 17.6, below the S&P 500 P/E ratio of 17.7. Shares are up 22.5% year to date as of the close of trading on Tuesday.

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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2. As of noon trading, America Movil S.A.B. de C.V ( AMX) is down $0.61 (-2.9%) to $20.77 on light volume Thus far, 2.0 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 11.7 million shares. The stock has ranged in price between $20.76-$21.32 after having opened the day at $21.19 as compared to the previous trading day's close of $21.38.

America Movil, S.A.B. de C.V. provides telecommunications services primarily in the United States, Latin America, and the Caribbean. The company offers mobile and fixed voice services, including airtime, local, long-distance, public telephony, and network interconnection services. America Movil S.A.B. de C.V has a market cap of $78.7 billion and is part of the telecommunications industry. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are down 7.6% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates America Movil S.A.B. de C.V as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. Get the full America Movil S.A.B. de C.V Ratings Report now.

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1. As of noon trading, Hewlett-Packard ( HPQ) is down $0.36 (-1.7%) to $20.24 on light volume Thus far, 5.9 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 25.4 million shares. The stock has ranged in price between $20.15-$20.58 after having opened the day at $20.48 as compared to the previous trading day's close of $20.60.

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 $39.9 billion and is part of the computer hardware industry. Shares are up 44.6% year to date as of the close of trading on Tuesday.

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