5 Stocks Dragging In The Technology Sector

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 46 points (-0.3%) at 15,208 as of Tuesday, June 4, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,093 issues advancing vs. 1,832 declining with 114 unchanged.

The Technology sector currently sits down 0.10 versus the S&P 500, which is down 0.24. On the negative front, top decliners within the sector include Salesforce.com ( CRM), down 2.90, Telecom Italia SpA ( TI.A), down 1.94, Symantec ( SYMC), down 1.88, Siemens ( SI), down 1.03 and International Business Machines ( IBM), down 0.94. Top gainers within the sector include ExactTarget ( ET), up 52.5%, Oi ( OIBR), up 17.6%, Portugal Telecom ( PT), up 7.1%, Turkcell Iletisim Hizmetleri AS ( TKC), up 3.9% and STMicroelectronics ( STM), up 4.1%.

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

5. ASML ( ASML) is one of the companies pushing the Technology sector lower today. As of noon trading, ASML is down $0.93 (-1.1%) to $80.77 on heavy volume Thus far, 2.5 million shares of ASML exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $80.31-$81.35 after having opened the day at $81.18 as compared to the previous trading day's close of $81.70.

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 $33.1 billion and is part of the electronics industry. Shares are up 26.2% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate ASML a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Equinix ( EQIX) is down $5.32 (-2.6%) to $196.09 on heavy volume Thus far, 1.0 million shares of Equinix exchanged hands as compared to its average daily volume of 757,000 shares. The stock has ranged in price between $195.00-$200.15 after having opened the day at $199.08 as compared to the previous trading day's close of $201.41.

Equinix, Inc. provides data center services to protect and connect the information assets for the enterprises, financial services companies, and content and network providers primarily in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Equinix has a market cap of $10.0 billion and is part of the internet industry. The company has a P/E ratio of 75.9, above the S&P 500 P/E ratio of 17.7. Shares are down 1.7% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate Equinix a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Equinix as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, increase in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Equinix Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, Emerson Electric ( EMR) is down $0.58 (-1.0%) to $57.17 on light volume Thus far, 1.4 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $57.08-$58.13 after having opened the day at $57.66 as compared to the previous trading day's close of $57.75.

Emerson Electric Co., a diversified technology company, engages in designing and supplying products and technology, and providing engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $41.3 billion and is part of the electronics industry. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are up 8.5% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Emerson Electric Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, EMC Corporation ( EMC) is down $0.36 (-1.5%) to $24.38 on average volume Thus far, 11.2 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 23.3 million shares. The stock has ranged in price between $24.37-$24.74 after having opened the day at $24.71 as compared to the previous trading day's close of $24.74.

EMC Corporation, together with its subsidiaries, develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. EMC Corporation has a market cap of $52.0 billion and is part of the computer hardware industry. The company has a P/E ratio of 20.3, above the S&P 500 P/E ratio of 17.7. Shares are down 2.1% year to date as of the close of trading on Monday. Currently there are 25 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates EMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, 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 somewhat disappointing return on equity. Get the full EMC Corporation Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Google ( GOOG) is down $5.01 (-0.6%) to $862.62 on light volume Thus far, 763,570 shares of Google exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $861.06-$870.59 after having opened the day at $867.85 as compared to the previous trading day's close of $867.63.

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 $236.2 billion and is part of the internet industry. The company has a P/E ratio of 27.8, above the S&P 500 P/E ratio of 17.7. Shares are up 23.2% year to date as of the close of trading on Monday. Currently there are 23 analysts that rate Google a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Google as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Google Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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.
null