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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 82 points (-0.5%) at 15,473 as of Friday, July 26, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,028 issues advancing vs. 1,878 declining with 105 unchanged.

The Technology sector currently sits down 0.5% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include SolarWinds ( SWI), down 22.7%, Zynga ( ZNGA), down 15.5%, SanDisk ( SNDK), down 5.2%, Kyocera Corporation ( KYO), down 4.7% and Nippon Telegraph & Telephone ( NTT), down 4.1%. Top gainers within the sector include Activision Blizzard ( ATVI), up 14.6%, Electronic Arts ( EA), up 4.5%, TripAdvisor ( TRIP), up 4.5%, America Movil S.A.B. de C.V ( AMX), up 3.2% and America Movil S.A.B. de C.V ( AMOV), up 2.6%.

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

5. ASML ( ASML) is one of the companies pushing the Technology sector lower today. As of noon trading, ASML is down $0.77 (-0.9%) to $88.90 on light volume. Thus far, 427,242 shares of ASML exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $88.71-$89.19 after having opened the day at $88.90 as compared to the previous trading day's close of $89.67.

ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide. ASML has a market cap of $39.2 billion and is part of the electronics industry. Shares are up 37.3% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate ASML a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates ASML 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, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full ASML 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, Hewlett-Packard ( HPQ) is down $0.40 (-1.5%) to $25.84 on light volume. Thus far, 3.6 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 16.7 million shares. The stock has ranged in price between $25.79-$26.05 after having opened the day at $26.01 as compared to the previous trading day's close of $26.24.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $50.4 billion and is part of the computer hardware industry. Shares are up 84.1% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Hewlett-Packard a buy, 5 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance and good cash flow from operations. 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 Hewlett-Packard 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, Yahoo ( YHOO) is down $0.30 (-1.1%) to $27.97 on light volume. Thus far, 6.8 million shares of Yahoo exchanged hands as compared to its average daily volume of 18.2 million shares. The stock has ranged in price between $27.74-$28.34 after having opened the day at $28.00 as compared to the previous trading day's close of $28.27.

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 $30.1 billion and is part of the internet industry. Shares are up 42.1% year to date as of the close of trading on Thursday. 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.

2. As of noon trading, Micron Technology ( MU) is down $0.56 (-4.2%) to $12.73 on heavy volume. Thus far, 44.3 million shares of Micron Technology exchanged hands as compared to its average daily volume of 39.0 million shares. The stock has ranged in price between $12.51-$13.10 after having opened the day at $13.06 as compared to the previous trading day's close of $13.29.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $13.6 billion and is part of the electronics industry. Shares are up 106.7% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate Micron Technology a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Micron Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Micron 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.

1. As of noon trading, EMC Corporation ( EMC) is down $0.30 (-1.1%) to $26.45 on light volume. Thus far, 7.9 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 21.5 million shares. The stock has ranged in price between $26.39-$26.64 after having opened the day at $26.49 as compared to the previous trading day's close of $26.75.

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 $56.2 billion and is part of the computer hardware industry. Shares are up 5.7% year to date as of the close of trading on Thursday. 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 3 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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