3 Stocks Pushing The Technology Sector Lower

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 3 points (0.0%) at 15,545 as of Thursday, July 25, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,346 issues advancing vs. 1,602 declining with 83 unchanged.

The Technology sector currently sits up 0.7% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Western Digital Corporation ( WDC), down 6.0%, Seagate Technology ( STX), down 4.5%, ABB ( ABB), down 3.1%, BT Group ( BT), down 2.0% and Microsoft Corporation ( MSFT), down 2.0%. Top gainers within the sector include Qualcomm ( QCOM), up 2.9%, Salesforce.com ( CRM), up 2.4%, Telefonica ( TEF), up 2.3% and Taiwan Semiconductor Manufacturing ( TSM), up 0.6%.

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

3. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Technology sector lower today. As of noon trading, Nippon Telegraph & Telephone is down $0.43 (-1.6%) to $26.26 on light volume. Thus far, 73,677 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 410,300 shares. The stock has ranged in price between $26.18-$26.29 after having opened the day at $26.21 as compared to the previous trading day's close of $26.69.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $63.7 billion and is part of the telecommunications industry. Shares are up 27.9% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in stock price during the past year, expanding profit margins 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 Nippon Telegraph & Telephone 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, Siemens ( SI) is down $5.94 (-5.4%) to $104.24 on heavy volume. Thus far, 972,676 shares of Siemens exchanged hands as compared to its average daily volume of 393,400 shares. The stock has ranged in price between $102.77-$104.39 after having opened the day at $103.00 as compared to the previous trading day's close of $110.18.

Siemens Aktiengesellschaft, an electronics and electrical engineering company, operates in the energy, healthcare, industry, and infrastructure and cities sectors worldwide. Siemens has a market cap of $92.8 billion and is part of the industrial industry. Shares are up 0.6% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Siemens a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Siemens as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, solid stock price performance 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 weak growth in earnings per share. Get the full Siemens 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, Crown Castle International ( CCI) is down $2.47 (-3.2%) to $74.25 on heavy volume. Thus far, 2.0 million shares of Crown Castle International exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $73.51-$76.89 after having opened the day at $76.89 as compared to the previous trading day's close of $76.72.

Crown Castle International Corp., together with is subsidiaries, owns, operates, and leases shared wireless infrastructure primarily in the United States, Puerto Rico, and Australia. Crown Castle International has a market cap of $22.6 billion and is part of the telecommunications industry. Shares are up 6.5% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Crown Castle International a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Crown Castle International as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full Crown Castle International 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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