3 Stocks Underperforming Today 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 44 points (0.3%) at 15,464 as of Tuesday, Aug. 13, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,183 issues advancing vs. 1,800 declining with 78 unchanged.

The Technology sector currently sits up 2.2% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include IHS ( IHS), down 5.2%, Salesforce.com ( CRM), down 1.6%, Verizon Communications ( VZ), down 0.9%, Microsoft Corporation ( MSFT), down 0.8% and AT&T ( T), down 0.7%. Top gainers within the sector include Voltari ( VLTC), up 1570.4%, CSR ( CSRE), up 177.0%, BlackBerry ( BBRY), up 10.7%, Xerox Corporation ( XRX), up 3.4% and Wipro ( WIT), up 3.1%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Technology sector lower today. As of noon trading, China Unicom (Hong Kong is down $0.15 (-1.0%) to $15.32 on light volume. Thus far, 185,232 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 495,200 shares. The stock has ranged in price between $15.29-$15.53 after having opened the day at $15.50 as compared to the previous trading day's close of $15.47.

China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of cellular, fixed line, and broadband services in China. China Unicom (Hong Kong has a market cap of $36.0 billion and is part of the telecommunications industry. Shares are down 5.0% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. Get the full China Unicom (Hong Kong 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 $2.49 (-0.8%) to $294.20 on average volume. Thus far, 1.5 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 $290.67-$296.37 after having opened the day at $295.88 as compared to the previous trading day's close of $296.69.

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 $135.8 billion and is part of the retail industry. Shares are up 18.5% year to date as of the close of trading on Monday. 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. 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, Intel ( INTC) is down $0.16 (-0.7%) to $22.48 on light volume. Thus far, 14.8 million shares of Intel exchanged hands as compared to its average daily volume of 41.0 million shares. The stock has ranged in price between $22.39-$22.70 after having opened the day at $22.69 as compared to the previous trading day's close of $22.64.

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 $112.1 billion and is part of the electronics industry. Shares are up 9.2% year to date as of the close of trading on Monday. 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 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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