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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 32 points (-0.2%) at 15,645 as of Thursday, Sept. 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,343 issues advancing vs. 1,599 declining with 112 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMX), down 2.8%, and America Movil S.A.B. de C.V ( AMOV), down 2.8%. Top gainers within the sector include Agilent Technologies ( A), up 4.5%, Salesforce.com ( CRM), up 2.4%, Apple ( AAPL), up 2.3%, Emerson Electric ( EMR), up 0.9% and Telekomunikasi Indonesia (Persero) Tbk ( TLK), up 0.8%.

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

5. BT Group ( BT) is one of the companies pushing the Technology sector lower today. As of noon trading, BT Group is down $1.10 (-2.0%) to $54.75 on average volume. Thus far, 64,532 shares of BT Group exchanged hands as compared to its average daily volume of 89,900 shares. The stock has ranged in price between $54.66-$55.21 after having opened the day at $55.15 as compared to the previous trading day's close of $55.85.

BT Group plc provides communications services worldwide. It operates in four segments: BT Global Services, BT Retail, BT Wholesale, and Openreach. The BT Global Services segment offers managed networked IT and consulting services to large corporate and public sector customers. BT Group has a market cap of $43.2 billion and is part of the telecommunications industry. Shares are up 44.3% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate BT Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates BT Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full BT Group 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, China Unicom (Hong Kong ( CHU) is down $0.19 (-1.1%) to $16.45 on light volume. Thus far, 84,582 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 487,200 shares. The stock has ranged in price between $16.35-$16.63 after having opened the day at $16.55 as compared to the previous trading day's close of $16.64.

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 $38.2 billion and is part of the telecommunications industry. Shares are down 0.4% year to date as of the close of trading on Wednesday. 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 poor profit margins and a generally disappointing performance in the stock itself. 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.

3. As of noon trading, Telefonica ( TEF) is down $0.10 (-0.7%) to $15.33 on average volume. Thus far, 882,514 shares of Telefonica exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $15.25-$15.36 after having opened the day at $15.34 as compared to the previous trading day's close of $15.43.

Telefonica, S.A. provides fixed and mobile communication services primarily in Europe and Latin America. The company offers mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services, as well as mobile payment solutions. Telefonica has a market cap of $68.3 billion and is part of the telecommunications industry. Shares are up 11.2% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Telefonica a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Telefonica as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins. Get the full Telefonica 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, Oracle Corporation ( ORCL) is down $0.30 (-0.9%) to $33.56 on heavy volume. Thus far, 40.4 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 24.7 million shares. The stock has ranged in price between $33.25-$34.00 after having opened the day at $33.64 as compared to the previous trading day's close of $33.87.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $154.0 billion and is part of the computer software & services industry. Shares are up 1.7% year to date as of the close of trading on Wednesday. Currently there are 19 analysts that rate Oracle Corporation a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Oracle Corporation as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, attractive valuation levels 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 Oracle Corporation 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 $5.84 (-0.7%) to $897.48 on average volume. Thus far, 950,191 shares of Google exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $896.12-$905.99 after having opened the day at $905.99 as compared to the previous trading day's close of $903.32.

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 $242.7 billion and is part of the internet industry. Shares are up 27.7% year to date as of the close of trading on Wednesday. Currently there are 24 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations 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 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 3 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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