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 23 points (-0.1%) at 15,403 as of Monday, Aug. 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,506 issues advancing vs. 1,423 declining with 115 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include BT Group ( BT), down 0.9%, and Telefonica ( TEF), down 0.9%. Top gainers within the sector include CSR ( CSRE), up 179.0%, Apple ( AAPL), up 2.4%, Eaton Corporation ( ETN), up 1.7% and Verizon Communications ( VZ), up 0.6%.

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

5. Sap ( SAP) is one of the companies pushing the Technology sector lower today. As of noon trading, Sap is down $0.67 (-0.9%) to $74.10 on light volume. Thus far, 316,423 shares of Sap exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $73.99-$74.38 after having opened the day at $73.99 as compared to the previous trading day's close of $74.77.

SAP AG provides enterprise application software and software-related services worldwide. It offers products in applications, analytics, cloud, mobile, and database and technology categories. Sap has a market cap of $89.7 billion and is part of the computer software & services industry. Shares are down 7.0% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Sap a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Sap as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, reasonable valuation levels, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Sap Ratings Report now.

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