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.

If you liked this article you might like

Apple's European Suppliers See Their Stocks Pop Ahead of $1000 iPhone X Reveal

Apple's iPhone 8 Is Helping Boost Micron and Other Memory Makers -- for Now

5 Big Takeaways From the Onslaught of Tech Earnings Reports

5 Key Takeaways From Recent Tech Earnings Reports