3 Stocks Pulling The 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 down 47 points (-0.3%) at 15,521 as of Wednesday, July 24, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 716 issues advancing vs. 2,228 declining with 95 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Broadcom Corporation ( BRCM), down 16.0%, Seagate Technology ( STX), down 5.6%, America Movil S.A.B. de C.V ( AMX), down 1.5%, America Movil S.A.B. de C.V ( AMOV), down 1.0% and Qualcomm ( QCOM), down 0.9%. Top gainers within the sector include EMC Corporation ( EMC), up 6.1%, Taiwan Semiconductor Manufacturing ( TSM), up 2.1%, Sap ( SAP), up 1.2%, International Business Machines ( IBM), up 1.0% and Intel ( INTC), up 0.8%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. NTT DoCoMo ( DCM) is one of the companies pushing the Technology sector lower today. As of noon trading, NTT DoCoMo is down $0.21 (-1.4%) to $15.39 on light volume. Thus far, 72,826 shares of NTT DoCoMo exchanged hands as compared to its average daily volume of 280,700 shares. The stock has ranged in price between $15.39-$15.53 after having opened the day at $15.51 as compared to the previous trading day's close of $15.60.

NTT DOCOMO, INC. provides mobile telecommunication services over its long term evolution and W-CDMA networks in Japan. NTT DoCoMo has a market cap of $64.3 billion and is part of the telecommunications industry. Shares are up 7.6% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate NTT DoCoMo a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NTT DoCoMo as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full NTT DoCoMo Ratings Report now.

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