5 Stocks Pushing 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 10 points (-0.1%) at 15,618 as of Friday, Aug. 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,354 issues advancing vs. 1,554 declining with 118 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Gartner ( IT), down 6.0%, Telecom Italia SpA ( TI), down 3.7%, Activision Blizzard ( ATVI), down 2.5%, Telecom Italia SpA ( TI.A), down 2.3% and Taiwan Semiconductor Manufacturing ( TSM), down 2.3%. Top gainers within the sector include Hewlett-Packard ( HPQ), up 5.6%, Telefonica Brasil S.A ( VIV), up 1.9%, NTT DoCoMo ( DCM), up 1.6%, Sap ( SAP), up 1.4% and Baidu ( BIDU), up 1.1%.

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

5. ValueClick ( VCLK) is one of the companies pushing the Technology sector lower today. As of noon trading, ValueClick is down $4.22 (-16.8%) to $20.88 on heavy volume. Thus far, 3.8 million shares of ValueClick exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $20.51-$21.50 after having opened the day at $20.84 as compared to the previous trading day's close of $25.10.

ValueClick, Inc., together with its subsidiaries, offers a suite of products and services that enable marketers to advertise and sell their products and services primarily through online and mobile display advertising, affiliate marketing, and comparison shopping channels. ValueClick has a market cap of $1.9 billion and is part of the internet industry. Shares are up 25.9% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate ValueClick a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates ValueClick as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full ValueClick Ratings Report now.

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