4 Stocks Dragging In The Technology Sector

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 57 points (-0.4%) at 15,601 as of Monday, Aug. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,233 issues advancing vs. 1,686 declining with 120 unchanged.

The Technology sector currently sits up 2.3% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 2.6%, Activision Blizzard ( ATVI), down 2.6%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.8%, China Unicom (Hong Kong ( CHU), down 1.6% and Telefonica Brasil S.A ( VIV), down 1.2%. Top gainers within the sector include Voltari ( VLTC), up 1539.7%, CSR ( CSRE), up 182.0%, BlackBerry ( BBRY), up 7.5%, Facebook Inc Class A ( FB), up 2.9% and Wipro ( WIT), up 1.9%.

TheStreet would like to highlight 4 stocks pushing the sector lower today:

4. ABB ( ABB) is one of the companies pushing the Technology sector lower today. As of noon trading, ABB is down $0.14 (-0.7%) to $22.14 on light volume. Thus far, 405,885 shares of ABB exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $22.06-$22.18 after having opened the day at $22.12 as compared to the previous trading day's close of $22.28.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $50.8 billion and is part of the industrial industry. Shares are up 7.2% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate ABB a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full ABB 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, Baidu ( BIDU) is down $6.57 (-4.7%) to $133.13 on heavy volume. Thus far, 3.6 million shares of Baidu exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $132.18-$139.18 after having opened the day at $138.75 as compared to the previous trading day's close of $139.70.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $47.2 billion and is part of the internet industry. Shares are up 34.5% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Baidu a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, increase in stock price during the past year, 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 Baidu 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, Amazon.com ( AMZN) is down $4.88 (-1.6%) to $299.33 on average volume. Thus far, 1.3 million shares of Amazon.com exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $298.88-$303.62 after having opened the day at $303.40 as compared to the previous trading day's close of $304.21.

Amazon.com, Inc. operates as an online retailer in North America and internationally. The company operates in two segments, North America and International. Amazon.com has a market cap of $139.6 billion and is part of the retail industry. Shares are up 21.8% year to date as of the close of trading on Friday. Currently there are 25 analysts that rate Amazon.com a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Amazon.com as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Amazon.com 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, Google ( GOOG) is down $6.23 (-0.7%) to $900.34 on light volume. Thus far, 792,856 shares of Google exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $899.20-$905.52 after having opened the day at $905.39 as compared to the previous trading day's close of $906.57.

Google Inc., a technology company, builds products and provides services to organize the information and make it universally accessible and useful. Google has a market cap of $247.7 billion and is part of the internet industry. Shares are up 28.2% year to date as of the close of trading on Friday. Currently there are 26 analysts that rate Google a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Google as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Google 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 4 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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