BT, WDC, STX, SNDK And S, Pushing Technology Sector Downward

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 26 points (0.2%) at 15,572 as of Tuesday, July 23, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,636 issues advancing vs. 1,285 declining with 117 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include STMicroelectronics ( STM), down 8.3%, Waters Corporation ( WAT), down 5.9%, Broadcom Corporation ( BRCM), down 3.5%, Yahoo ( YHOO), down 1.4% and Wipro ( WIT), down 1.0%. Top gainers within the sector include Telecom Italia SpA ( TI), up 8.7%, Telecom Italia SpA ( TI.A), up 4.8%, Texas Instruments ( TXN), up 4.0%, China Telecom ( CHA), up 2.6% and Philippine Long Distance Telephone ( PHI), up 2.3%.

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

5. BT Group ( BT) is one of the companies pushing the Technology sector lower today. As of noon trading, BT Group is down $0.38 (-0.7%) to $52.27 on light volume. Thus far, 38,518 shares of BT Group exchanged hands as compared to its average daily volume of 124,300 shares. The stock has ranged in price between $52.12-$52.65 after having opened the day at $52.58 as compared to the previous trading day's close of $52.65.

BT Group plc provides communications solutions and services worldwide. It operates in four segments: BT Global Services, BT Retail, BT Wholesale, and Openreach. The BT Global Services segment provides managed networked IT services to large corporate and public sector customers. BT Group has a market cap of $40.7 billion and is part of the telecommunications industry. Shares are up 38.4% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate BT Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates BT Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance 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 BT Group 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, Western Digital Corporation ( WDC) is down $1.31 (-1.9%) to $68.78 on average volume. Thus far, 1.2 million shares of Western Digital Corporation exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $68.39-$70.50 after having opened the day at $70.42 as compared to the previous trading day's close of $70.09.

Western Digital Corporation, through its subsidiaries, engages in the development, manufacture, and sale of storage products and solutions that enable people to create, manage, experience and preserve digital content. Western Digital Corporation has a market cap of $16.5 billion and is part of the computer hardware industry. Shares are up 64.3% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Western Digital Corporation a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Western Digital Corporation 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, solid stock price performance, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Western Digital 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.

3. As of noon trading, Seagate Technology ( STX) is down $1.07 (-2.3%) to $45.75 on average volume. Thus far, 2.4 million shares of Seagate Technology exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $45.55-$47.29 after having opened the day at $47.13 as compared to the previous trading day's close of $46.82.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise storage, client compute, and client non-compute market applications worldwide. Seagate Technology has a market cap of $17.0 billion and is part of the computer hardware industry. Shares are up 56.2% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Seagate Technology a buy, 2 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Seagate Technology 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, SanDisk ( SNDK) is down $1.07 (-1.7%) to $62.38 on average volume. Thus far, 2.1 million shares of SanDisk exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $62.17-$63.44 after having opened the day at $63.41 as compared to the previous trading day's close of $63.45.

Sandisk Corporation designs, develops, manufactures, and markets flash storage card products that are used in various consumer electronics products. SanDisk has a market cap of $15.3 billion and is part of the computer hardware industry. Shares are up 45.9% year to date as of the close of trading on Monday. Currently there are 16 analysts that rate SanDisk a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates SanDisk 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, increase in net income, good cash flow from operations and expanding profit margins. 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 SanDisk 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, Sprint Corp (Will be Deleted ( S) is down $0.15 (-2.5%) to $5.77 on light volume. Thus far, 17.5 million shares of Sprint Corp (Will be Deleted exchanged hands as compared to its average daily volume of 53.1 million shares. The stock has ranged in price between $5.75-$5.96 after having opened the day at $5.95 as compared to the previous trading day's close of $5.92.

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 Corp (Will be Deleted has a market cap of $17.3 billion and is part of the telecommunications industry. Shares are unchanged year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Sprint Corp (Will be Deleted a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Sprint Corp (Will be Deleted 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 Corp (Will be Deleted 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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