4 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 71 points (0.4%) at 16,428 as of Thursday, Dec. 26, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,679 issues advancing vs. 1,241 declining with 183 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the sector include Turkcell Iletisim Hizmetleri AS ( TKC), down 5.2%, and eBay ( EBAY), down 1.8%. Top gainers within the sector include 3D Systems Corporation ( DDD), up 6.2%, Yandex ( YNDX), up 3.0%, Alcatel-Lucent ( ALU), up 3.0%, Nokia Oyj ( NOK), up 1.0% and Intel ( INTC), up 0.8%.

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

4. Philippine Long Distance Telephone ( PHI) is one of the companies pushing the Technology sector lower today. As of noon trading, Philippine Long Distance Telephone is down $0.97 (-1.6%) to $59.80 on light volume. Thus far, 29,713 shares of Philippine Long Distance Telephone exchanged hands as compared to its average daily volume of 123,000 shares. The stock has ranged in price between $59.58-$60.77 after having opened the day at $60.77 as compared to the previous trading day's close of $60.77.

Philippine Long Distance Telephone Company provides telecommunication services in the Philippines. Philippine Long Distance Telephone has a market cap of $13.1 billion and is part of the telecommunications industry. Shares are down 0.9% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Philippine Long Distance Telephone a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Philippine Long Distance Telephone as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Philippine Long Distance 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.

3. As of noon trading, Chunghwa Telecom ( CHT) is down $0.22 (-0.7%) to $30.96 on light volume. Thus far, 8,777 shares of Chunghwa Telecom exchanged hands as compared to its average daily volume of 244,500 shares. The stock has ranged in price between $30.94-$31.09 after having opened the day at $31.05 as compared to the previous trading day's close of $31.18.

Chunghwa Telecom Co., Ltd. provides integrated telecommunication services primarily in Taiwan. Chunghwa Telecom has a market cap of $24.2 billion and is part of the telecommunications industry. Shares are down 3.6% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Chunghwa Telecom a buy, 2 analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Chunghwa Telecom 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, good cash flow from operations, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Chunghwa Telecom 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, LM Ericsson Telephone Company ( ERIC) is down $0.07 (-0.6%) to $12.05 on light volume. Thus far, 575,611 shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $12.04-$12.18 after having opened the day at $12.15 as compared to the previous trading day's close of $12.12.

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 $40.1 billion and is part of the telecommunications industry. Shares are up 20.0% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate LM Ericsson Telephone Company a buy, 2 analysts rate it a sell, and 3 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 increase in stock price during the past year, 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.

1. As of noon trading, Yahoo ( YHOO) is down $0.28 (-0.7%) to $40.57 on light volume. Thus far, 3.8 million shares of Yahoo exchanged hands as compared to its average daily volume of 19.5 million shares. The stock has ranged in price between $40.22-$41.05 after having opened the day at $41.00 as compared to the previous trading day's close of $40.85.

Yahoo! Inc., a technology company, provides search, content, and communication tools on the Web and on mobile devices worldwide. Yahoo has a market cap of $41.4 billion and is part of the internet industry. Shares are up 105.3% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Yahoo a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels 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 Yahoo 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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