5 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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 53 points (-0.3%) at 16,478 as of Wednesday, Jan. 8, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,242 issues advancing vs. 1,672 declining with 178 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 Turkcell Iletisim Hizmetleri AS ( TKC), down 2.3%, America Movil S.A.B. de C.V ( AMOV), down 1.3%, Infosys ( INFY), down 1.3%, NTT DoCoMo ( DCM), down 1.1% and BT Group ( BT), down 0.7%. Top gainers within the sector include Qihoo 360 Technology ( QIHU), up 7.8%, NetEase ( NTES), up 3.8%, Salesforce.com ( CRM), up 3.0%, Seagate Technology ( STX), up 2.8% and Western Digital Corporation ( WDC), up 1.9%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. Automatic Data Processing ( ADP) is one of the companies pushing the Technology sector lower today. As of noon trading, Automatic Data Processing is down $0.58 (-0.7%) to $80.20 on light volume. Thus far, 641,973 shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $79.91-$80.74 after having opened the day at $80.30 as compared to the previous trading day's close of $80.78.

Automatic Data Processing, Inc., together with its subsidiaries, provides technology-based outsourcing solutions to employers and vehicle retailers and manufacturers worldwide. Automatic Data Processing has a market cap of $38.4 billion and is part of the computer software & services industry. The company has a P/E ratio of 27.9, above the S&P 500 P/E ratio of 17.7. Shares are down 0.0% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Automatic Data Processing a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Automatic Data Processing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, growth in earnings per share and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Automatic Data Processing 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.

4. As of noon trading, America Movil S.A.B. de C.V ( AMX) is down $0.38 (-1.7%) to $22.10 on light volume. Thus far, 2.0 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 7.2 million shares. The stock has ranged in price between $22.10-$22.45 after having opened the day at $22.45 as compared to the previous trading day's close of $22.48.

America Movil, S.A.B. de C.V. provides telecommunications services in the United States, Latin America, and the Caribbean. It offers mobile and fixed voice services, including airtime, local, long-distance services, public telephony services, and network interconnection services. America Movil S.A.B. de C.V has a market cap of $81.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 12.5, below the S&P 500 P/E ratio of 17.7. Shares are down 3.8% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate America Movil S.A.B. de C.V a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates America Movil S.A.B. de C.V as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity 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 America Movil S.A.B. de C.V 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, Hewlett-Packard ( HPQ) is down $0.54 (-1.9%) to $27.64 on light volume. Thus far, 4.6 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 14.8 million shares. The stock has ranged in price between $27.64-$28.20 after having opened the day at $28.16 as compared to the previous trading day's close of $28.18.

Hewlett-Packard Company, together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $54.0 billion and is part of the computer hardware industry. The company has a P/E ratio of 10.8, below the S&P 500 P/E ratio of 17.7. Shares are up 0.7% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Hewlett-Packard a buy, 3 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, 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, weak operating cash flow and generally higher debt management risk. Get the full Hewlett-Packard 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, International Business Machines ( IBM) is down $2.02 (-1.1%) to $187.69 on light volume. Thus far, 2.0 million shares of International Business Machines exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $187.26-$189.42 after having opened the day at $189.33 as compared to the previous trading day's close of $189.71.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $202.0 billion and is part of the computer software & services industry. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are up 1.1% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full International Business Machines 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, Microsoft Corporation ( MSFT) is down $0.47 (-1.3%) to $35.94 on average volume. Thus far, 22.7 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 40.6 million shares. The stock has ranged in price between $35.74-$36.14 after having opened the day at $36.00 as compared to the previous trading day's close of $36.41.

Microsoft Corporation (Microsoft) develops, licenses, and supports software, services, and hardware devices worldwide. Microsoft Corporation has a market cap of $301.6 billion and is part of the computer software & services industry. The company has a P/E ratio of 13.5, below the S&P 500 P/E ratio of 17.7. Shares are down 2.7% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Microsoft Corporation a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates Microsoft Corporation 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, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Microsoft Corporation 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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