4 Stocks Dragging The Technology Sector Downward

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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.

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