BT, CHU And BIDU, 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 16,165 as of Thursday, Dec. 19, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,090 issues advancing vs. 1,843 declining with 148 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include CenturyLink ( CTL), down 3.5%, Facebook Inc Class A ( FB), down 2.3%, Texas Instruments ( TXN), down 1.4%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.0% and China Telecom ( CHA), down 1.0%. Top gainers within the sector include Oracle Corporation ( ORCL), up 4.8%, Accenture PLC Class A ( ACN), up 4.3%, Thomson Reuters Corporation ( TRI), up 2.1%, Hewlett-Packard ( HPQ), up 1.9% and ABB ( ABB), up 1.0%.

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

3. BT Group ( BT) is one of the companies pushing the Technology sector lower today. As of noon trading, BT Group is down $0.54 (-0.9%) to $61.40 on average volume. Thus far, 29,869 shares of BT Group exchanged hands as compared to its average daily volume of 74,000 shares. The stock has ranged in price between $61.30-$61.57 after having opened the day at $61.37 as compared to the previous trading day's close of $61.94.

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 $48.0 billion and is part of the telecommunications industry. The company has a P/E ratio of 10.3, below the S&P 500 P/E ratio of 17.7. Shares are up 60.1% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate BT Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates BT Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. 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.

2. As of noon trading, China Unicom (Hong Kong ( CHU) is down $0.56 (-3.6%) to $14.87 on average volume. Thus far, 203,773 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 505,400 shares. The stock has ranged in price between $14.86-$15.01 after having opened the day at $15.01 as compared to the previous trading day's close of $15.43.

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 $35.6 billion and is part of the telecommunications industry. The company has a P/E ratio of 31.5, above the S&P 500 P/E ratio of 17.7. Shares are down 5.3% 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 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.

1. As of noon trading, Baidu ( BIDU) is down $1.81 (-1.1%) to $169.68 on light volume. Thus far, 1.0 million shares of Baidu exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $168.85-$171.17 after having opened the day at $170.13 as compared to the previous trading day's close of $171.49.

Baidu, Inc. provides Chinese language Internet search services. It also offers a Chinese language search platform for businesses to reach their customers. Baidu has a market cap of $58.9 billion and is part of the internet industry. The company has a P/E ratio of 31.8, above the S&P 500 P/E ratio of 17.7. Shares are up 71.0% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Baidu a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. 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 Baidu 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).

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