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 44 points (-0.3%) at 15,515 as of Monday, July 29, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 829 issues advancing vs. 2,095 declining with 99 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 Changyou.com ( CYOU), down 21.2%, NetSuite ( N), down 4.6%, America Movil S.A.B. de C.V ( AMOV), down 3.6%, LinkedIn ( LNKD), down 3.1% and Roper Industries ( ROP), down 2.7%. Top gainers within the sector include Activision Blizzard ( ATVI), up 3.4%, Facebook Inc Class A ( FB), up 2.7%, Wipro ( WIT), up 1.8%, Thomson Reuters Corporation ( TRI), up 1.3% and Baidu ( BIDU), up 1.2%.

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

5. Telefonica Brasil S.A ( VIV) is one of the companies pushing the Technology sector lower today. As of noon trading, Telefonica Brasil S.A is down $0.48 (-2.1%) to $21.88 on light volume. Thus far, 415,887 shares of Telefonica Brasil S.A exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $21.73-$22.22 after having opened the day at $22.22 as compared to the previous trading day's close of $22.35.

Telefonica Brasil S.A. provides fixed-line telecommunications services to residential and commercial customers in Brazil. Telefonica Brasil S.A has a market cap of $24.6 billion and is part of the telecommunications industry. Shares are down 7.1% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Telefonica Brasil S.A a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Telefonica Brasil S.A 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 and attractive valuation levels. 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 weak operating cash flow. Get the full Telefonica Brasil S.A 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, Yandex ( YNDX) is down $1.46 (-4.4%) to $31.96 on average volume. Thus far, 1.5 million shares of Yandex exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $31.86-$33.30 after having opened the day at $33.00 as compared to the previous trading day's close of $33.42.

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. Yandex has a market cap of $7.4 billion and is part of the internet industry. Shares are up 47.7% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Yandex a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Yandex as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full Yandex 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, America Movil S.A.B. de C.V ( AMX) is down $0.52 (-2.4%) to $21.08 on average volume. Thus far, 4.8 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $21.04-$21.57 after having opened the day at $21.47 as compared to the previous trading day's close of $21.60.

America Movil, S.A.B. de C.V. provides telecommunications services in the United States, Latin America, and the Caribbean. It offers mobile and fixed voice services, including airtime, local, long-distance services, public telephony services, and network interconnection services. America Movil S.A.B. de C.V has a market cap of $79.4 billion and is part of the telecommunications industry. Shares are down 9.6% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate America Movil S.A.B. de C.V a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates America Movil S.A.B. de C.V as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and a generally disappointing performance in the stock itself. Get the full America Movil S.A.B. de C.V 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, Taiwan Semiconductor Manufacturing ( TSM) is down $0.15 (-0.9%) to $16.75 on light volume. Thus far, 2.2 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11.0 million shares. The stock has ranged in price between $16.70-$16.86 after having opened the day at $16.85 as compared to the previous trading day's close of $16.90.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $89.1 billion and is part of the electronics industry. Shares are up 0.1% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Taiwan Semiconductor Manufacturing 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, SanDisk ( SNDK) is down $1.63 (-2.9%) to $55.37 on heavy volume. Thus far, 5.3 million shares of SanDisk exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $55.35-$57.12 after having opened the day at $57.00 as compared to the previous trading day's close of $57.00.

Sandisk Corporation designs, develops, manufactures, and markets flash storage card products that are used in various consumer electronics products. SanDisk has a market cap of $14.7 billion and is part of the computer hardware industry. Shares are up 31.0% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate SanDisk a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates SanDisk 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, increase in net income, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full SanDisk 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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