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

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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.

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