3 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 16,095 as of Wednesday, Nov. 27, 2013, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,757 issues advancing vs. 1,109 declining with 149 unchanged.

The Technology sector currently sits up 0.5% versus the S&P 500, which is up 0.3%. Top gainers within the sector include eBay ( EBAY), up 1.8%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), up 1.3%, International Business Machines ( IBM), up 1.2%, Amazon.com ( AMZN), up 1.2% and America Movil S.A.B. de C.V ( AMX), up 1.2%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Technology sector lower today. As of noon trading, Nippon Telegraph & Telephone is down $0.33 (-1.3%) to $25.18 on average volume. Thus far, 115,399 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 197,100 shares. The stock has ranged in price between $25.11-$25.20 after having opened the day at $25.19 as compared to the previous trading day's close of $25.51.

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 $57.6 billion and is part of the telecommunications industry. The company has a P/E ratio of 12.3, below the S&P 500 P/E ratio of 17.7. Shares are up 21.3% year to date as of the close of trading on Tuesday. 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, good cash flow from operations, increase in stock price during the past year 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 Nippon Telegraph & Telephone Ratings Report now.

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