5 Stocks Dragging 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 12 points (0.1%) at 14,943 as of Thursday, Sept. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,432 issues advancing vs. 1,453 declining with 120 unchanged.

The Technology sector currently sits up 0.7% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Sap ( SAP), down 2.4%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.5%, NTT DoCoMo ( DCM), down 1.3%, AT&T ( T), down 1.1% and Baidu ( BIDU), down 1.0%. Top gainers within the sector include Telecom Italia SpA ( TI.A), up 10.2%, Telecom Italia SpA ( TI), up 8.7%, Trimble Navigation ( TRMB), up 4.8%, Tim Holding Company ( TSU), up 3.7% and Nokia Oyj ( NOK), up 3.0%.

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

5. LM Ericsson Telephone Company ( ERIC) is one of the companies pushing the Technology sector lower today. As of noon trading, LM Ericsson Telephone Company is down $0.17 (-1.3%) to $12.55 on light volume. Thus far, 890,805 shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $12.52-$12.62 after having opened the day at $12.58 as compared to the previous trading day's close of $12.72.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates in four segments: Networks, Global Services, Support Solutions, and ST-Ericsson. LM Ericsson Telephone Company has a market cap of $40.9 billion and is part of the telecommunications industry. Shares are up 22.7% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate LM Ericsson Telephone Company a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates LM Ericsson Telephone Company as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full LM Ericsson Telephone Company 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, Rogers Communications ( RCI) is down $0.68 (-1.6%) to $41.17 on average volume. Thus far, 329,221 shares of Rogers Communications exchanged hands as compared to its average daily volume of 834,800 shares. The stock has ranged in price between $41.14-$41.91 after having opened the day at $41.91 as compared to the previous trading day's close of $41.85.

Rogers Communications Inc. operates as a communications and media company in Canada. The company's Wireless segment offers voice and high-speed data services, as well mobile devices and accessories. It markets its products and services under the Rogers, Fido, and chatr brands. Rogers Communications has a market cap of $17.0 billion and is part of the telecommunications industry. Shares are down 8.1% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Rogers Communications a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Rogers Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Rogers Communications 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, Infosys ( INFY) is down $0.62 (-1.3%) to $46.08 on average volume. Thus far, 788,137 shares of Infosys exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $45.61-$46.19 after having opened the day at $45.78 as compared to the previous trading day's close of $46.70.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $26.0 billion and is part of the computer software & services industry. Shares are up 7.4% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Infosys a buy, 3 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Infosys as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Infosys 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, Crown Castle International ( CCI) is down $1.01 (-1.4%) to $68.93 on light volume. Thus far, 594,014 shares of Crown Castle International exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $68.69-$70.20 after having opened the day at $69.79 as compared to the previous trading day's close of $69.94.

Crown Castle International Corp., together with is subsidiaries, owns, operates, and leases shared wireless infrastructure primarily in the United States, Puerto Rico, and Australia. Crown Castle International has a market cap of $20.3 billion and is part of the telecommunications industry. Shares are down 3.1% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Crown Castle International a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Crown Castle International as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. 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 Crown Castle International 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, Hewlett-Packard ( HPQ) is down $0.14 (-0.6%) to $22.13 on average volume. Thus far, 7.5 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 15.1 million shares. The stock has ranged in price between $22.01-$22.27 after having opened the day at $22.27 as compared to the previous trading day's close of $22.27.

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 $43.1 billion and is part of the computer hardware industry. Shares are up 56.3% year to date as of the close of trading on Wednesday. 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, compelling growth in net income and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and weak operating cash flow. 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.

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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