4 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 61 points (0.4%) at 15,361 as of Friday, Sept. 13, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,640 issues advancing vs. 1,247 declining with 140 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Yahoo ( YHOO), down 1.7%, Wipro ( WIT), down 1.5%, Baidu ( BIDU), down 1.5%, LM Ericsson Telephone Company ( ERIC), down 1.3% and Sap ( SAP), down 1.2%. Top gainers within the sector include Intel ( INTC), up 2.7%, Verizon Communications ( VZ), up 1.4%, America Movil S.A.B. de C.V ( AMX), up 1.3%, America Movil S.A.B. de C.V ( AMOV), up 1.1% and Emerson Electric ( EMR), up 0.9%.

TheStreet would like to highlight 4 stocks pushing the sector lower today:

4. NetEase ( NTES) is one of the companies pushing the Technology sector lower today. As of noon trading, NetEase is down $2.78 (-3.7%) to $71.98 on average volume. Thus far, 308,375 shares of NetEase exchanged hands as compared to its average daily volume of 683,500 shares. The stock has ranged in price between $71.85-$74.92 after having opened the day at $74.67 as compared to the previous trading day's close of $74.76.

NetEase, Inc., through its subsidiaries, engages in online games, Internet portal, e-mail, and wireless value-added services businesses in China. The company operates through three segments: Online Game Services; Advertising Services; and E-mail, Wireless Value-added Services, and Others. NetEase has a market cap of $9.6 billion and is part of the internet industry. Shares are up 74.1% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate NetEase a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NetEase as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full NetEase 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 $0.60 (-1.2%) to $47.72 on light volume. Thus far, 439,651 shares of Infosys exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $47.34-$47.78 after having opened the day at $47.76 as compared to the previous trading day's close of $48.31.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $27.9 billion and is part of the computer software & services industry. Shares are up 15.5% year to date as of the close of trading on Thursday. 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, Qihoo 360 Technology ( QIHU) is down $2.81 (-3.1%) to $87.36 on average volume. Thus far, 1.8 million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $86.79-$90.60 after having opened the day at $90.52 as compared to the previous trading day's close of $90.17.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $11.2 billion and is part of the internet industry. Shares are up 206.0% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Qihoo 360 Technology as a buy. 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, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Qihoo 360 Technology 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, Salesforce.com ( CRM) is down $0.53 (-1.1%) to $49.43 on light volume. Thus far, 1.6 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $49.18-$50.09 after having opened the day at $50.09 as compared to the previous trading day's close of $49.96.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $29.7 billion and is part of the computer software & services industry. Shares are up 18.7% year to date as of the close of trading on Thursday. Currently there are 24 analysts that rate Salesforce.com a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and generally higher debt management risk. Get the full Salesforce.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.

If you are interested in one of these 4 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).

null

More from Markets

Alphabet Shares Gain as Investors Shrug Off Q1 Google Spending Spree

Alphabet Shares Gain as Investors Shrug Off Q1 Google Spending Spree

SAP Shares Leap After Cloud Business Prompts Full-Year Profit Guidance Hike

SAP Shares Leap After Cloud Business Prompts Full-Year Profit Guidance Hike

Apple Suppliers Slide After European, Asian Chipmakers Echo Smartphone Concerns

Apple Suppliers Slide After European, Asian Chipmakers Echo Smartphone Concerns

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Global Stocks Edge Higher, But Bond Yields, Oil Prices May Test Market Strength

Global Stocks Edge Higher, But Bond Yields, Oil Prices May Test Market Strength