ADP, CCI, CRM, QCOM And T, 5 Technology Stocks Pushing The Sector Lower

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 18 points (0.1%) at 15,482 as of Monday, July 15, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,893 issues advancing vs. 1,042 declining with 108 unchanged.

The Technology sector currently sits up 1.0% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include American Tower ( AMT), down 2.9%, and Verizon Communications ( VZ), down 0.8%. Top gainers within the sector include Leap Wireless International ( LEAP), up 114.4%, First Solar ( FSLR), up 5.8%, Baidu ( BIDU), up 4.3%, Qihoo 360 Technology ( QIHU), up 4.5% and NetApp ( NTAP), up 2.8%.

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

5. Automatic Data Processing ( ADP) is one of the companies pushing the Technology sector lower today. As of noon trading, Automatic Data Processing is down $0.87 (-1.2%) to $72.54 on average volume. Thus far, 736,507 shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $72.49-$73.32 after having opened the day at $73.25 as compared to the previous trading day's close of $73.41.

Automatic Data Processing, Inc. and its subsidiaries provide business outsourcing solutions. The company operates in three segments: Employer Services, Professional Employer Organization (PEO) Services, and Dealer Services. Automatic Data Processing has a market cap of $34.9 billion and is part of the computer software & services industry. Shares are up 26.2% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Automatic Data Processing a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Automatic Data Processing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Automatic Data Processing 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, Crown Castle International ( CCI) is down $0.90 (-1.2%) to $76.40 on light volume. Thus far, 702,560 shares of Crown Castle International exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $76.15-$78.00 after having opened the day at $77.62 as compared to the previous trading day's close of $77.30.

Crown Castle International Corp., together with is subsidiaries, owns, operates, and leases shared wireless infrastructure primarily in the United States, Puerto Rico, and Australia. Crown Castle International has a market cap of $22.5 billion and is part of the telecommunications industry. Shares are up 6.3% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Crown Castle International a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Crown Castle International as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full Crown Castle International 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, Salesforce.com ( CRM) is down $0.69 (-1.6%) to $41.74 on light volume. Thus far, 2.2 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $41.29-$42.43 after having opened the day at $42.27 as compared to the previous trading day's close of $42.43.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $24.6 billion and is part of the computer software & services industry. Shares are down 1.2% year to date as of the close of trading on Friday. Currently there are 27 analysts that rate Salesforce.com a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Salesforce.com 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, Qualcomm ( QCOM) is down $0.95 (-1.5%) to $61.07 on average volume. Thus far, 6.7 million shares of Qualcomm exchanged hands as compared to its average daily volume of 14.4 million shares. The stock has ranged in price between $60.85-$61.66 after having opened the day at $61.39 as compared to the previous trading day's close of $62.02.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. Qualcomm has a market cap of $105.9 billion and is part of the telecommunications industry. Shares are down 0.9% year to date as of the close of trading on Friday. Currently there are 27 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Qualcomm as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Qualcomm 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 $0.29 (-0.8%) to $35.52 on average volume. Thus far, 10.3 million shares of AT&T exchanged hands as compared to its average daily volume of 25.5 million shares. The stock has ranged in price between $35.26-$35.76 after having opened the day at $35.68 as compared to the previous trading day's close of $35.81.

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 $193.0 billion and is part of the telecommunications industry. Shares are up 6.4% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate AT&T a buy, 2 analysts rate it a sell, and 19 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, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. 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).

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