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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