5 Stocks Pushing The 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 3 points (0.0%) at 14,977 as of Monday, May 6, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,675 issues advancing vs. 1,221 declining with 157 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 2.71, America Movil S.A.B. de C.V ( AMX), down 1.05 and America Movil S.A.B. de C.V ( AMOV), down 0.83. Top gainers within the sector include Apple ( AAPL), up 2.4%, Google ( GOOG), up 1.1% and Microsoft Corporation ( MSFT), up 0.6%.

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

5. Telefonica ( TEF) is one of the companies pushing the Technology sector lower today. As of noon trading, Telefonica is down $0.18 (-1.2%) to $14.68 on light volume Thus far, 615,215 shares of Telefonica exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $14.65-$14.79 after having opened the day at $14.78 as compared to the previous trading day's close of $14.86.

Telefonica, S.A. provides fixed and mobile communication services primarily in Europe and Latin America. Telefonica has a market cap of $66.3 billion and is part of the telecommunications industry. Shares are up 10.2% year to date as of the close of trading on Friday.

TheStreet Ratings rates Telefonica as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and poor profit margins. Get the full Telefonica Ratings Report now.

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4. As of noon trading, Siemens ( SI) is down $1.06 (-1.0%) to $105.02 on average volume Thus far, 184,174 shares of Siemens exchanged hands as compared to its average daily volume of 344,900 shares. The stock has ranged in price between $104.20-$105.02 after having opened the day at $104.76 as compared to the previous trading day's close of $106.08.

Siemens Aktiengesellschaft, an electronics and electrical engineering company, operates in the energy, healthcare, industry, and infrastructure and cities sectors worldwide. Siemens has a market cap of $87.8 billion and is part of the industrial industry. The company has a P/E ratio of 32.1, above the S&P 500 P/E ratio of 17.7. Shares are down 3.1% year to date as of the close of trading on Friday.

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

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3. As of noon trading, Mobile Telesystems OJSC ( MBT) is down $0.40 (-1.9%) to $20.24 on light volume Thus far, 490,552 shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $20.19-$20.67 after having opened the day at $20.60 as compared to the previous trading day's close of $20.64.

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 $20.1 billion and is part of the telecommunications industry. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are up 10.7% year to date as of the close of trading on Friday.

TheStreet Ratings rates Mobile Telesystems OJSC as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, growth in earnings per share, expanding profit margins and increase in stock price during the past year. 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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2. As of noon trading, ASML ( ASML) is down $1.00 (-1.3%) to $76.50 on light volume Thus far, 533,871 shares of ASML exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $76.43-$77.18 after having opened the day at $76.76 as compared to the previous trading day's close of $77.50.

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 $30.9 billion and is part of the electronics industry. Shares are up 17.9% year to date as of the close of trading on Friday.

TheStreet Ratings rates ASML 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, solid stock price performance, expanding profit margins and notable return on equity. 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, Verizon Communications ( VZ) is down $0.45 (-0.8%) to $52.23 on light volume Thus far, 2.8 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.9 million shares. The stock has ranged in price between $52.17-$52.65 after having opened the day at $52.56 as compared to the previous trading day's close of $52.68.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $155.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 131.3, above the S&P 500 P/E ratio of 17.7. Shares are up 21.7% year to date as of the close of trading on Friday.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, 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 generally high debt management risk by most measures that we evaluated. Get the full Verizon Communications 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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