5 Stocks Pulling 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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 30 points (-0.2%) at 15,089 as of Monday, May 13, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,245 issues advancing vs. 1,704 declining with 112 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Nielsen Holdings ( NLSN), down 3.09, Agilent Technologies ( A), down 1.97, China Telecom ( CHA), down 1.84, Sprint Nextel ( S), down 1.63 and ABB ( ABB), down 1.64. Top gainers within the sector include Nokia Oyj ( NOK), up 6.3%, SK Telecom ( SKM), up 3.4%, Tim Holding Company ( TSU), up 2.4%, Telefonica Brasil S.A ( VIV), up 1.0% and Qualcomm ( QCOM), up 0.6%.

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

5. Activision Blizzard ( ATVI) is one of the companies pushing the Technology sector lower today. As of noon trading, Activision Blizzard is down $0.31 (-2.1%) to $14.64 on average volume Thus far, 3.1 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of 7.9 million shares. The stock has ranged in price between $14.64-$14.94 after having opened the day at $14.87 as compared to the previous trading day's close of $14.95.

Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment products worldwide. It operates in three segments: Activision, Blizzard, and Distribution. Activision Blizzard has a market cap of $16.1 billion and is part of the computer software & services industry. The company has a P/E ratio of 12.8, below the S&P 500 P/E ratio of 17.7. Shares are up 35.5% year to date as of the close of trading on Friday.

TheStreet Ratings rates Activision Blizzard 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, attractive valuation levels, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Activision Blizzard Ratings Report now.

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4. As of noon trading, Cognizant Technology Solutions Corporation ( CTSH) is down $1.76 (-2.7%) to $63.27 on heavy volume Thus far, 4.1 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $62.87-$65.18 after having opened the day at $65.05 as compared to the previous trading day's close of $65.03.

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 $20.7 billion and is part of the computer software & services industry. The company has a P/E ratio of 19.1, above the S&P 500 P/E ratio of 17.7. Shares are down 7.4% year to date as of the close of trading on Friday.

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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3. As of noon trading, Baidu ( BIDU) is down $1.49 (-1.6%) to $93.96 on average volume Thus far, 2.3 million shares of Baidu exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $93.33-$95.50 after having opened the day at $95.50 as compared to the previous trading day's close of $95.45.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $33.0 billion and is part of the internet industry. The company has a P/E ratio of 17.8, equal to the S&P 500 P/E ratio of 17.7. Shares are down 6.0% year to date as of the close of trading on Friday.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Baidu Ratings Report now.

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2. As of noon trading, Yahoo ( YHOO) is down $0.39 (-1.4%) to $26.44 on average volume Thus far, 9.1 million shares of Yahoo exchanged hands as compared to its average daily volume of 17.7 million shares. The stock has ranged in price between $26.40-$26.83 after having opened the day at $26.76 as compared to the previous trading day's close of $26.83.

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 $28.4 billion and is part of the internet industry. The company has a P/E ratio of 7.7, below the S&P 500 P/E ratio of 17.7. Shares are up 31.9% year to date as of the close of trading on Friday.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Yahoo Ratings Report now.

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1. As of noon trading, Hewlett-Packard ( HPQ) is down $0.21 (-1.0%) to $21.33 on light volume Thus far, 4.0 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 24.3 million shares. The stock has ranged in price between $21.25-$21.53 after having opened the day at $21.45 as compared to the previous trading day's close of $21.54.

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 $41.2 billion and is part of the computer hardware industry. Shares are up 51.2% year to date as of the close of trading on Friday.

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.

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If you are interested in one of these 4 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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