NTAP, BIDU, VZ, T And GOOG, 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 47 points (0.3%) at 15,382 as of Tuesday, May 21, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,570 issues advancing vs. 1,367 declining with 136 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMOV), down 2.03, Intuit ( INTU), down 1.89, China Telecom ( CHA), down 1.62, America Movil S.A.B. de C.V ( AMX), down 1.40 and Nippon Telegraph & Telephone ( NTT), down 1.30. Top gainers within the sector include Konami Corporation ( KNM), up 9.6%, Rogers Communications ( RCI), up 3.0%, Activision Blizzard ( ATVI), up 2.9%, Kyocera Corporation ( KYO), up 2.8% and STMicroelectronics ( STM), up 2.6%.

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

5. NetApp ( NTAP) is one of the companies pushing the Technology sector lower today. As of noon trading, NetApp is down $0.90 (-2.4%) to $36.28 on heavy volume Thus far, 9.0 million shares of NetApp exchanged hands as compared to its average daily volume of 7.3 million shares. The stock has ranged in price between $36.22-$37.17 after having opened the day at $37.15 as compared to the previous trading day's close of $37.19.

NetApp, Inc. engages in design, manufacture, marketing, and technical support of networked storage solutions. The company supply enterprise storage and data management software, and hardware products and services. NetApp has a market cap of $13.6 billion and is part of the computer hardware industry. The company has a P/E ratio of 27.4, above the S&P 500 P/E ratio of 17.7. Shares are up 12.8% year to date as of the close of trading on Monday.

TheStreet Ratings rates NetApp as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full NetApp Ratings Report now.

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4. As of noon trading, Baidu ( BIDU) is down $1.46 (-1.4%) to $99.03 on heavy volume Thus far, 3.2 million shares of Baidu exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $97.83-$100.40 after having opened the day at $100.30 as compared to the previous trading day's close of $100.49.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $33.1 billion and is part of the internet industry. The company has a P/E ratio of 17.9, above the S&P 500 P/E ratio of 17.7. Shares are down 5.6% year to date as of the close of trading on Monday.

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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3. As of noon trading, Verizon Communications ( VZ) is down $0.60 (-1.1%) to $52.14 on light volume Thus far, 5.0 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.4 million shares. The stock has ranged in price between $52.02-$52.78 after having opened the day at $52.71 as compared to the previous trading day's close of $52.74.

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 $158.3 billion and is part of the telecommunications industry. The company has a P/E ratio of 133.4, above the S&P 500 P/E ratio of 17.7. Shares are up 21.9% year to date as of the close of trading on Monday.

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.

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2. As of noon trading, AT&T ( T) is down $0.31 (-0.8%) to $36.91 on average volume Thus far, 13.2 million shares of AT&T exchanged hands as compared to its average daily volume of 25.2 million shares. The stock has ranged in price between $36.80-$37.24 after having opened the day at $37.20 as compared to the previous trading day's close of $37.22.

AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally. The company operates in three segments: Wireless, Wireline, and Other. AT&T has a market cap of $201.4 billion and is part of the telecommunications industry. The company has a P/E ratio of 28.4, above the S&P 500 P/E ratio of 17.7. Shares are up 10.4% year to date as of the close of trading on Monday.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, increase in stock price during the past year and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full AT&T Ratings Report now.

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1. As of noon trading, Google ( GOOG) is down $6.13 (-0.7%) to $902.40 on average volume Thus far, 1.3 million shares of Google exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $897.61-$911.66 after having opened the day at $908.02 as compared to the previous trading day's close of $908.53.

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 $246.5 billion and is part of the internet industry. The company has a P/E ratio of 29.0, above the S&P 500 P/E ratio of 17.7. Shares are up 28.5% year to date as of the close of trading on Monday.

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. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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 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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