5 Stocks Pushing The Technology Sector Downward

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 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.

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, Western Digital Corporation ( WDC) is down $1.00 (-1.5%) to $65.44 on light volume. Thus far, 694,192 shares of Western Digital Corporation exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $65.24-$66.11 after having opened the day at $66.01 as compared to the previous trading day's close of $66.44.

Western Digital Corporation, through its subsidiaries, engages in the development, manufacture, and sale of storage products and solutions that enable people to create, manage, experience and preserve digital content. Western Digital Corporation has a market cap of $15.2 billion and is part of the computer hardware industry. Shares are up 51.5% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Western Digital Corporation a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Western Digital Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Western Digital 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.

3. As of noon trading, Seagate Technology ( STX) is down $0.67 (-1.6%) to $41.12 on light volume. Thus far, 1.6 million shares of Seagate Technology exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $40.82-$41.66 after having opened the day at $41.66 as compared to the previous trading day's close of $41.79.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise storage, client compute, and client non-compute market applications worldwide. Seagate Technology has a market cap of $14.7 billion and is part of the computer hardware industry. Shares are up 34.5% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Seagate Technology a buy, 3 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures 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 Seagate 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.

2. As of noon trading, Broadcom Corporation ( BRCM) is down $0.64 (-2.3%) to $26.99 on heavy volume. Thus far, 7.9 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 9.0 million shares. The stock has ranged in price between $26.88-$27.45 after having opened the day at $27.33 as compared to the previous trading day's close of $27.63.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom Corporation has a market cap of $14.6 billion and is part of the electronics industry. Shares are down 17.0% year to date as of the close of trading on Thursday. Currently there are 25 analysts that rate Broadcom Corporation a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Broadcom Corporation as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Broadcom 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.

1. As of noon trading, EMC Corporation ( EMC) is down $0.22 (-0.8%) to $26.30 on light volume. Thus far, 4.6 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 21.0 million shares. The stock has ranged in price between $26.21-$26.52 after having opened the day at $26.48 as compared to the previous trading day's close of $26.52.

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 $54.9 billion and is part of the computer hardware industry. Shares are up 3.4% 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, growth in earnings per share, increase in net income, 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 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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