3 Stocks Pushing 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 16,456 as of Friday, Jan. 3, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,181 declining with 172 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include VimpelCom ( VIP), down 3.0%, Micron Technology ( MU), down 2.8%, Verizon Communications ( VZ), down 1.4%, China Telecom ( CHA), down 1.3% and China Unicom (Hong Kong ( CHU), down 1.2%. Top gainers within the sector include Portugal Telecom ( PT), up 9.5%, Telecom Italia SpA ( TI), up 8.1%, Tim Participacoes SA ADR ( TSU), up 7.8%, Telecom Italia SpA ( TI.A), up 6.3% and Telefonica Brasil S.A ( VIV), up 3.2%.

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

3. Sap ( SAP) is one of the companies pushing the Technology sector lower today. As of noon trading, Sap is down $0.89 (-1.1%) to $84.02 on average volume. Thus far, 724,662 shares of Sap exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $83.94-$84.36 after having opened the day at $84.04 as compared to the previous trading day's close of $84.91.

SAP AG provides enterprise application software and software-related services worldwide. It offers products in applications, analytics, cloud, mobile, and database and technology categories. Sap has a market cap of $104.0 billion and is part of the computer software & services industry. Shares are down 2.6% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Sap a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Sap as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, compelling growth in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Sap 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 liked this article you might like

7 Essential Rules for Investing in Tech Stocks

Nvidia Inspires Chipmaker Gains but Rest of Tech Gets Left Behind

S&P 500 and Dow on Track for Records With Markets in Good Mood Ahead of Fed

Oracle Stock Falls on Disappointing Cloud Guidance

Intermediate Trade: Germany ETF