NTT, CHU, ERIC, INFY And IBM, 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 92 points (0.6%) at 15,993 as of Thursday, Nov. 21, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 2,118 issues advancing vs. 784 declining with 108 unchanged.

The Technology sector currently sits up 0.9% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include Taiwan Semiconductor Manufacturing ( TSM), down 2.5%, China Telecom ( CHA), down 1.2% and Wipro ( WIT), down 1.0%. Top gainers within the sector include 3D Systems Corporation ( DDD), up 5.0%, Micron Technology ( MU), up 4.8%, Yandex ( YNDX), up 4.0%, TE Connectivity ( TEL), up 2.6% and Yahoo ( YHOO), up 2.3%.

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

5. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Technology sector lower today. As of noon trading, Nippon Telegraph & Telephone is down $0.20 (-0.8%) to $26.00 on average volume. Thus far, 124,968 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 190,000 shares. The stock has ranged in price between $25.70-$26.00 after having opened the day at $25.70 as compared to the previous trading day's close of $26.20.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $60.2 billion and is part of the telecommunications industry. The company has a P/E ratio of 12.8, below the S&P 500 P/E ratio of 17.7. Shares are up 25.2% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in stock price during the past year, expanding profit margins 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 Nippon Telegraph & Telephone 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 $0.24 (-1.5%) to $15.58 on light volume. Thus far, 84,442 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 506,800 shares. The stock has ranged in price between $15.54-$15.64 after having opened the day at $15.63 as compared to the previous trading day's close of $15.82.

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 $37.4 billion and is part of the telecommunications industry. The company has a P/E ratio of 33.1, above the S&P 500 P/E ratio of 17.7. Shares are down 2.6% year to date as of the close of trading on Wednesday. Currently there are 3 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 find that the company's profit margins have been poor overall. 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, LM Ericsson Telephone Company ( ERIC) is down $0.13 (-1.1%) to $12.25 on light volume. Thus far, 833,453 shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $12.22-$12.30 after having opened the day at $12.28 as compared to the previous trading day's close of $12.38.

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. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are up 22.5% year to date as of the close of trading on Wednesday. Currently there are 4 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 hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. 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, Infosys ( INFY) is down $1.00 (-1.8%) to $53.41 on average volume. Thus far, 497,143 shares of Infosys exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $53.25-$53.71 after having opened the day at $53.69 as compared to the previous trading day's close of $54.41.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $31.4 billion and is part of the computer software & services industry. The company has a P/E ratio of 18.3, above the S&P 500 P/E ratio of 17.7. Shares are up 29.9% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Infosys a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Infosys as a buy. 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, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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.

1. As of noon trading, International Business Machines ( IBM) is down $1.04 (-0.6%) to $184.15 on light volume. Thus far, 1.6 million shares of International Business Machines exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $184.01-$185.75 after having opened the day at $185.54 as compared to the previous trading day's close of $185.19.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $201.2 billion and is part of the computer software & services industry. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are down 3.3% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, expanding profit margins and increase in net income. 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 International Business Machines 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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