3 Stocks Underperforming Today In The Technology Sector

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 89 points (0.6%) at 15,077 as of Friday, July 5, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,417 issues advancing vs. 1,574 declining with 76 unchanged.

The Technology sector currently sits up 0.8% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI.A), down 3.9%, Rogers Communications ( RCI), down 2.6%, Telefonica Brasil S.A ( VIV), down 2.2%, Telecom Italia SpA ( TI), down 2.1% and Siemens ( SI), down 1.7%. Top gainers within the sector include SunPower Corporation ( SPWR), up 9.1%, SK Telecom ( SKM), up 6.6%, KT Corporation ( KT), up 3.2%, Check Point Software Technologies ( CHKP), up 2.7% and Cerner Corporation ( CERN), up 2.3%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. LM Ericsson Telephone Company ADR Class B ( ERIC) is one of the companies pushing the Technology sector lower today. As of noon trading, LM Ericsson Telephone Company ADR Class B is down $0.15 (-1.3%) to $11.28 on light volume. Thus far, 898,260 shares of LM Ericsson Telephone Company ADR Class B exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $11.26-$11.46 after having opened the day at $11.40 as compared to the previous trading day's close of $11.43.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates in four segments: Networks, Global Services, Support Solutions, and ST-Ericsson. LM Ericsson Telephone Company ADR Class B has a market cap of $37.4 billion and is part of the telecommunications industry. Shares are up 12.0% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate LM Ericsson Telephone Company ADR Class B a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates LM Ericsson Telephone Company ADR Class B 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, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full LM Ericsson Telephone Company ADR Class B Ratings Report now.

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2. As of noon trading, Dell ( DELL) is down $0.35 (-2.6%) to $12.96 on heavy volume. Thus far, 30.8 million shares of Dell exchanged hands as compared to its average daily volume of 19.9 million shares. The stock has ranged in price between $12.70-$13.25 after having opened the day at $13.25 as compared to the previous trading day's close of $13.31.

Dell Inc., an information technology company, provides a range of technology solutions worldwide. Dell has a market cap of $23.5 billion and is part of the computer hardware industry. Shares are up 32.0% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Dell a buy, 2 analysts rate it a sell, and 21 rate it a hold.

TheStreet Ratings rates Dell as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and poor profit margins. Get the full Dell Ratings Report now.

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1. As of noon trading, Sprint Nextel ( S) is down $0.06 (-0.8%) to $7.14 on light volume. Thus far, 12.8 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 69.5 million shares. The stock has ranged in price between $7.10-$7.21 after having opened the day at $7.19 as compared to the previous trading day's close of $7.19.

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 $21.6 billion and is part of the telecommunications industry. Shares are up 26.8% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Sprint Nextel a buy, 3 analysts rate it a sell, and 12 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.

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).
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