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.

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