5 Stocks Pushing The Technology 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 20 points (-0.1%) at 15,298 as of Wednesday, June 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Technology sector currently sits down 0.08 versus the S&P 500, which is down 0.17. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 2.71, Telecom Italia SpA ( TI.A), down 3.08, China Telecom ( CHA), down 1.82, Corning ( GLW), down 1.61 and Telefonica ( TEF), down 1.46. Top gainers within the sector include Adobe Systems ( ADBE), up 6.8%, NVIDIA Corporation ( NVDA), up 5.0%, Autodesk ( ADSK), up 3.3%, LinkedIn ( LNKD), up 1.8% and Kyocera Corporation ( KYO), up 1.2%.

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

5. American Tower ( AMT) is one of the companies pushing the Technology sector lower today. As of noon trading, American Tower is down $1.00 (-1.3%) to $76.28 on light volume Thus far, 709,774 shares of American Tower exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $76.22-$77.47 after having opened the day at $77.32 as compared to the previous trading day's close of $77.29.

American Tower Corporation, a real estate investment trust, operates as a wireless and broadcast communications infrastructure company. It develops, owns, and operates communications sites. American Tower has a market cap of $30.4 billion and is part of the real estate industry. The company has a P/E ratio of 52.0, above the S&P 500 P/E ratio of 17.7. Shares are up 0.0% year to date as of the close of trading on Tuesday. Currently there are 16 analysts that rate American Tower a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates American Tower as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full American Tower 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, Research in Motion ( BBRY) is down $0.68 (-4.6%) to $14.16 on average volume Thus far, 20.4 million shares of Research in Motion exchanged hands as compared to its average daily volume of 28.6 million shares. The stock has ranged in price between $14.12-$14.61 after having opened the day at $14.44 as compared to the previous trading day's close of $14.84.

Research In Motion Limited, doing business as BlackBerry, engages in the design, manufacture, and marketing of wireless solutions worldwide. Research in Motion has a market cap of $7.5 billion and is part of the telecommunications industry. Shares are up 20.5% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Research in Motion a buy, 13 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow. Get the full Research in Motion 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, Sprint Nextel ( S) is down $0.20 (-2.7%) to $7.12 on heavy volume Thus far, 125.4 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 58.5 million shares. The stock has ranged in price between $7.03-$7.16 after having opened the day at $7.08 as compared to the previous trading day's close of $7.32.

Sprint Nextel Corporation, through its subsidiaries, offers a range of wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. Sprint Nextel has a market cap of $21.8 billion and is part of the telecommunications industry. Shares are up 29.1% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Sprint Nextel a buy, 3 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Sprint Nextel as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk. Get the full Sprint Nextel 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, Verizon Communications ( VZ) is down $0.56 (-1.1%) to $50.99 on light volume Thus far, 3.1 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 12.8 million shares. The stock has ranged in price between $50.92-$51.45 after having opened the day at $51.31 as compared to the previous trading day's close of $51.55.

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 $150.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 126.8, above the S&P 500 P/E ratio of 17.7. Shares are up 19.1% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 14 rate it a hold.

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 growth in earnings per share. 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.

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, AT&T ( T) is down $0.31 (-0.9%) to $35.86 on light volume Thus far, 7.5 million shares of AT&T exchanged hands as compared to its average daily volume of 25.4 million shares. The stock has ranged in price between $35.71-$36.14 after having opened the day at $36.07 as compared to the previous trading day's close of $36.17.

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 $192.4 billion and is part of the telecommunications industry. The company has a P/E ratio of 27.1, above the S&P 500 P/E ratio of 17.7. Shares are up 7.3% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate AT&T a buy, 2 analysts rate it a sell, and 21 rate it a hold.

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 net income 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 AT&T 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.
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