5 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 58 points (-0.4%) at 15,461 as of Wednesday, Aug. 7, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 785 issues advancing vs. 2,161 declining with 94 unchanged.

The Technology sector currently sits up 1.1% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include SunEdison ( SUNE), down 24.1%, SunPower Corporation ( SPWR), down 11.3%, United Microelectronics ( UMC), down 4.6%, Micron Technology ( MU), down 2.4% and Taiwan Semiconductor Manufacturing ( TSM), down 2.4%. Top gainers within the sector include Voltari ( VLTC), up 1632.4%, CSR ( CSRE), up 178.3%, Sapient Corporation ( SAPE), up 13.9%, Computer Sciences Corporation ( CSC), up 5.9% and Telecom Italia SpA ( TI), up 4.8%.

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 $0.65 (-0.7%) to $91.41 on light volume. Thus far, 164,887 shares of ASML exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $90.70-$91.54 after having opened the day at $91.23 as compared to the previous trading day's close of $92.06.

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 $40.8 billion and is part of the electronics industry. Shares are up 43.0% year to date as of the close of trading on Tuesday. 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.

4. As of noon trading, Western Digital Corporation ( WDC) is down $0.96 (-1.5%) to $63.50 on average volume. Thus far, 952,624 shares of Western Digital Corporation exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $63.18-$64.45 after having opened the day at $64.40 as compared to the previous trading day's close of $64.46.

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 $15.3 billion and is part of the computer hardware industry. Shares are up 51.7% year to date as of the close of trading on Tuesday. 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, First Solar ( FSLR) is down $6.22 (-13.3%) to $40.53 on heavy volume. Thus far, 14.3 million shares of First Solar exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $39.84-$42.25 after having opened the day at $42.17 as compared to the previous trading day's close of $46.75.

First Solar, Inc. provides solar energy solutions. It operates in two segments, Components and Systems. The Components segment engages in the design, manufacture, and sale of solar modules that convert sunlight into electricity. First Solar has a market cap of $4.7 billion and is part of the electronics industry. Shares are up 51.5% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate First Solar a buy, 3 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates First Solar 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 solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full First Solar 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, Qualcomm ( QCOM) is down $0.38 (-0.6%) to $65.21 on light volume. Thus far, 4.4 million shares of Qualcomm exchanged hands as compared to its average daily volume of 14.0 million shares. The stock has ranged in price between $65.00-$65.84 after having opened the day at $65.27 as compared to the previous trading day's close of $65.59.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. Qualcomm has a market cap of $113.6 billion and is part of the telecommunications industry. Shares are up 6.0% year to date as of the close of trading on Tuesday. Currently there are 24 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Qualcomm as a buy. 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, notable return on equity, impressive record of earnings per share growth and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Qualcomm 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, Intel ( INTC) is down $0.17 (-0.8%) to $22.63 on light volume. Thus far, 11.9 million shares of Intel exchanged hands as compared to its average daily volume of 41.9 million shares. The stock has ranged in price between $22.55-$22.79 after having opened the day at $22.71 as compared to the previous trading day's close of $22.80.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $114.2 billion and is part of the electronics industry. Shares are up 10.6% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Intel a buy, 6 analysts rate it a sell, and 18 rate it a hold.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Intel 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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