5 Stocks Dragging In The Technology Sector

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 44 points (-0.3%) at 15,417 as of Friday, July 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,253 issues advancing vs. 1,644 declining with 132 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI.A), down 6.4%, Telecom Italia SpA ( TI), down 6.3%, China Telecom ( CHA), down 2.7%, Activision Blizzard ( ATVI), down 2.1% and Nokia Oyj ( NOK), down 2.1%. Top gainers within the sector include Infosys ( INFY), up 5.2%, Salesforce.com ( CRM), up 1.8%, Automatic Data Processing ( ADP), up 1.5%, EMC Corporation ( EMC), up 1.4% and Kyocera Corporation ( KYO), up 1.1%.

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

5. NTT DoCoMo ( DCM) is one of the companies pushing the Technology sector lower today. As of noon trading, NTT DoCoMo is down $0.07 (-0.4%) to $15.92 on light volume. Thus far, 100,471 shares of NTT DoCoMo exchanged hands as compared to its average daily volume of 300,700 shares. The stock has ranged in price between $15.88-$15.94 after having opened the day at $15.91 as compared to the previous trading day's close of $15.99.

NTT DOCOMO, INC. provides mobile telecommunication services over its long term evolution and W-CDMA networks in Japan. NTT DoCoMo has a market cap of $65.4 billion and is part of the telecommunications industry. Shares are up 9.4% year to date as of the close of trading on Thursday. Currently there are no analysts that rate NTT DoCoMo a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NTT DoCoMo as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. 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 disappointing return on equity. Get the full NTT DoCoMo 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, Telefonica ( TEF) is down $0.43 (-3.3%) to $12.81 on average volume. Thus far, 636,934 shares of Telefonica exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $12.72-$12.85 after having opened the day at $12.83 as compared to the previous trading day's close of $13.24.

Telefonica, S.A. provides fixed and mobile communication services primarily in Europe and Latin America. The company offers mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services, as well as mobile payment solutions. Telefonica has a market cap of $59.0 billion and is part of the telecommunications industry. Shares are down 3.9% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Telefonica a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Telefonica as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, growth in earnings per share and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, a generally disappointing performance in the stock itself and poor profit margins. Get the full Telefonica 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, ABB ( ABB) is down $0.12 (-0.5%) to $22.37 on light volume. Thus far, 402,116 shares of ABB exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $22.35-$22.52 after having opened the day at $22.45 as compared to the previous trading day's close of $22.49.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $50.2 billion and is part of the electronics industry. Shares are up 5.1% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate ABB a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates ABB 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, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full ABB 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, Sprint Nextel ( S) is down $0.34 (-4.7%) to $6.84 on heavy volume. Thus far, 141.2 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 80.4 million shares. The stock has ranged in price between $6.38-$6.87 after having opened the day at $6.79 as compared to the previous trading day's close of $7.18.

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 $21.7 billion and is part of the telecommunications industry. Shares are up 26.6% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Sprint Nextel a buy, 3 analysts rate it a sell, and 11 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.

1. As of noon trading, Verizon Communications ( VZ) is down $0.68 (-1.3%) to $50.54 on average volume. Thus far, 5.2 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 12.5 million shares. The stock has ranged in price between $50.22-$51.30 after having opened the day at $51.25 as compared to the previous trading day's close of $51.21.

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 $150.0 billion and is part of the telecommunications industry. Shares are up 16.8% year to date as of the close of trading on Thursday. Currently there are 13 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 increase in stock price during the past year. 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.

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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