4 Technology Stocks Dragging The Sector Down

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 down 23 points (-0.2%) at 15,311 as of Wednesday, Sept. 25, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,760 issues advancing vs. 1,167 declining with 109 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include Tim Holding Company ( TSU), down 6.8%, Telecom Italia SpA ( TI), down 4.7%, Telecom Italia SpA ( TI.A), down 3.6%, Telefonica Brasil S.A ( VIV), down 3.0% and Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 2.8%. Top gainers within the sector include Garmin ( GRMN), up 3.9%, Applied Materials ( AMAT), up 2.1%, Sap ( SAP), up 1.7%, Yahoo ( YHOO), up 1.5% and Accenture ( ACN), up 1.2%.

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

4. Oi ( OIBR) is one of the companies pushing the Technology sector lower today. As of noon trading, Oi is down $0.21 (-9.2%) to $2.08 on average volume. Thus far, 2.4 million shares of Oi exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $1.99-$2.23 after having opened the day at $2.22 as compared to the previous trading day's close of $2.29.

Oi S.A., through its subsidiaries, provides integrated telecommunication services for residential customers, companies, and governmental agencies in Brazil. It operates in three segments: Fixed-Line and Data Transmission Services, Mobile Services, and Other Services. Oi has a market cap of $3.9 billion and is part of the telecommunications industry. Shares are down 45.9% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Oi a buy, 2 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Oi as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally high debt management risk and generally disappointing historical performance in the stock itself. Get the full Oi 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, LM Ericsson Telephone Company ( ERIC) is down $0.12 (-0.9%) to $13.69 on heavy volume. Thus far, 3.3 million shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $13.64-$13.71 after having opened the day at $13.68 as compared to the previous trading day's close of $13.81.

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 $45.6 billion and is part of the telecommunications industry. Shares are up 36.6% year to date as of the close of trading on Tuesday. 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.

2. As of noon trading, BCE ( BCE) is down $0.45 (-1.0%) to $42.84 on average volume. Thus far, 391,823 shares of BCE exchanged hands as compared to its average daily volume of 939,000 shares. The stock has ranged in price between $42.78-$43.35 after having opened the day at $43.33 as compared to the previous trading day's close of $43.29.

BCE Inc. provides communications solutions to residential, business, and wholesale customers primarily in Canada. BCE has a market cap of $33.6 billion and is part of the telecommunications industry. Shares are up 0.8% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate BCE a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates BCE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full BCE 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 $5.97 (-0.7%) to $880.87 on average volume. Thus far, 855,868 shares of Google exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $878.14-$886.55 after having opened the day at $886.55 as compared to the previous trading day's close of $886.84.

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 $242.8 billion and is part of the internet industry. Shares are up 25.3% year to date as of the close of trading on Tuesday. 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 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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