5 Technology Stocks Dragging The Sector Down

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 15,558 as of Monday, July 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,691 issues advancing vs. 1,251 declining with 101 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include NTT DoCoMo ( DCM), down 1.6%, China Telecom ( CHA), down 1.6%, American Tower ( AMT), down 1.5%, Broadcom Corporation ( BRCM), down 1.4% and Kyocera Corporation ( KYO), down 1.1%. Top gainers within the sector include Himax Technologies ( HIMX), up 35.8%, Infosys ( INFY), up 3.1%, Emerson Electric ( EMR), up 2.4%, Telefonica ( TEF), up 2.2% and BT Group ( BT), up 1.9%.

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

5. BCE ( BCE) is one of the companies pushing the Technology sector lower today. As of noon trading, BCE is down $0.42 (-1.0%) to $41.35 on average volume. Thus far, 459,547 shares of BCE exchanged hands as compared to its average daily volume of 855,700 shares. The stock has ranged in price between $41.23-$41.86 after having opened the day at $41.75 as compared to the previous trading day's close of $41.77.

BCE Inc. provides communications solutions to residential, business, and wholesale customers primarily in Canada. BCE has a market cap of $32.5 billion and is part of the telecommunications industry. Shares are down 2.7% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate BCE a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates BCE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, growth in earnings per share and increase in net income. 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 BCE 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, Sap ( SAP) is down $0.38 (-0.5%) to $72.42 on heavy volume. Thus far, 1.9 million shares of Sap exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $72.42-$72.84 after having opened the day at $72.54 as compared to the previous trading day's close of $72.81.

SAP AG provides enterprise application software and software-related services worldwide. It offers products in applications, analytics, cloud, mobile, and database and technology categories. Sap has a market cap of $88.1 billion and is part of the computer software & services industry. Shares are down 9.4% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Sap a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Sap as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, reasonable valuation levels, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Sap 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, Activision Blizzard ( ATVI) is down $0.52 (-3.4%) to $15.01 on average volume. Thus far, 4.7 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of 7.6 million shares. The stock has ranged in price between $14.89-$15.66 after having opened the day at $15.38 as compared to the previous trading day's close of $15.53.

Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment products worldwide. It operates in three segments: Activision, Blizzard, and Distribution. Activision Blizzard has a market cap of $17.4 billion and is part of the computer software & services industry. Shares are up 46.7% year to date as of the close of trading on Friday. Currently there are 18 analysts that rate Activision Blizzard a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Activision Blizzard 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, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Activision Blizzard 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, Yahoo ( YHOO) is down $0.99 (-3.4%) to $28.12 on heavy volume. Thus far, 32.6 million shares of Yahoo exchanged hands as compared to its average daily volume of 17.4 million shares. The stock has ranged in price between $27.63-$28.42 after having opened the day at $28.08 as compared to the previous trading day's close of $29.11.

Yahoo! Inc., a technology company, provides search, content, and communication tools on the Web and on mobile devices worldwide. Yahoo has a market cap of $32.1 billion and is part of the internet industry. Shares are up 46.3% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Yahoo a buy, 1 analyst rates it a sell, and 16 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Yahoo 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, EMC Corporation ( EMC) is down $0.21 (-0.8%) to $25.31 on light volume. Thus far, 7.6 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 21.6 million shares. The stock has ranged in price between $25.15-$25.46 after having opened the day at $25.37 as compared to the previous trading day's close of $25.52.

EMC Corporation, together with its subsidiaries, develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. EMC Corporation has a market cap of $53.8 billion and is part of the computer hardware industry. Shares are up 0.9% year to date as of the close of trading on Friday. Currently there are 26 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates EMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full EMC Corporation 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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