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 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.

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, Taiwan Semiconductor Manufacturing ( TSM) is down $0.21 (-1.3%) to $16.00 on average volume. Thus far, 7.5 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11.3 million shares. The stock has ranged in price between $15.98-$16.23 after having opened the day at $16.17 as compared to the previous trading day's close of $16.21.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $84.1 billion and is part of the electronics industry. Shares are down 5.5% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Taiwan Semiconductor Manufacturing 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, Hewlett-Packard ( HPQ) is down $0.23 (-0.9%) to $26.54 on light volume. Thus far, 4.2 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 16.6 million shares. The stock has ranged in price between $26.51-$26.84 after having opened the day at $26.66 as compared to the previous trading day's close of $26.77.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $51.8 billion and is part of the computer hardware industry. Shares are up 87.9% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Hewlett-Packard a buy, 5 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full Hewlett-Packard 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, Baidu ( BIDU) is down $1.62 (-1.2%) to $136.57 on average volume. Thus far, 2.0 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 $135.66-$139.39 after having opened the day at $137.07 as compared to the previous trading day's close of $138.19.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $47.5 billion and is part of the internet industry. Shares are up 37.8% 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, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. 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.

1. As of noon trading, Google ( GOOG) is down $6.12 (-0.7%) to $884.29 on average volume. Thus far, 886,127 shares of Google exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $881.65-$887.00 after having opened the day at $886.90 as compared to the previous trading day's close of $890.41.

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 $244.5 billion and is part of the internet industry. Shares are up 25.9% 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. 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 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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