SAP, MSI, TXN, HPQ And MU, Pushing 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 55 points (-0.4%) at 14,948 as of Wednesday, Aug. 21, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 846 issues advancing vs. 2,101 declining with 78 unchanged.

The Technology sector currently sits down 0.4% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include Turkcell Iletisim Hizmetleri AS ( TKC), down 4.4%, China Unicom (Hong Kong ( CHU), down 2.9%, Wipro ( WIT), down 2.8%, Tim Holding Company ( TSU), down 2.7% and LM Ericsson Telephone Company ( ERIC), down 2.4%. Top gainers within the sector include Telekomunikasi Indonesia (Persero) Tbk ( TLK), up 1.7%, Oracle Corporation ( ORCL), up 1.0%, Microsoft Corporation ( MSFT), up 1.1% and Accenture ( ACN), up 0.8%.

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 $0.45 (-0.6%) to $75.20 on average volume. Thus far, 608,142 shares of Sap exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $74.92-$75.78 after having opened the day at $75.60 as compared to the previous trading day's close of $75.65.

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 $90.1 billion and is part of the computer software & services industry. Shares are down 5.9% year to date as of the close of trading on Tuesday. 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, solid stock price performance, reasonable valuation levels, good cash flow from operations and expanding profit margins. 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 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.

If you liked this article you might like

7 Essential Rules for Investing in Tech Stocks

Nvidia Inspires Chipmaker Gains but Rest of Tech Gets Left Behind

S&P 500 and Dow on Track for Records With Markets in Good Mood Ahead of Fed

Oracle Stock Falls on Disappointing Cloud Guidance

Intermediate Trade: Germany ETF