5 Stocks Underperforming Today In The Technology Sector

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 71 points (-0.4%) at 16,411 as of Thursday, Jan. 16, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,418 issues advancing vs. 1,488 declining with 174 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include ASML ( ASML), down 4.5%, Alcatel-Lucent ( ALU), down 2.8%, China Unicom (Hong Kong ( CHU), down 2.2%, Mobile Telesystems OJSC ( MBT), down 1.5% and Micron Technology ( MU), down 1.4%. Top gainers within the sector include SolarCity ( SCTY), up 9.5%, CommVault Systems ( CVLT), up 7.1%, Wipro ( WIT), up 5.2%, 3D Systems Corporation ( DDD), up 3.4% and CGI Group ( GIB), up 2.7%.

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

5. Avago Technologies ( AVGO) is one of the companies pushing the Technology sector lower today. As of noon trading, Avago Technologies is down $1.51 (-2.6%) to $55.46 on average volume. Thus far, 1.1 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $55.15-$56.96 after having opened the day at $56.76 as compared to the previous trading day's close of $56.97.

Avago Technologies Limited is engaged in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $13.8 billion and is part of the electronics industry. The company has a P/E ratio of 25.2, above the S&P 500 P/E ratio of 17.7. Shares are up 7.7% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Avago Technologies 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, solid stock price performance, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Avago Technologies 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 $0.15 (-0.7%) to $22.03 on light volume. Thus far, 965,027 shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $21.94-$22.22 after having opened the day at $22.22 as compared to the previous trading day's close of $22.18.

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 $79.4 billion and is part of the telecommunications industry. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7. Shares are down 5.1% year-to-date as of the close of trading on Wednesday. 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, SINA Corporation ( SINA) is down $3.89 (-4.6%) to $80.71 on heavy volume. Thus far, 2.7 million shares of SINA Corporation exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $80.31-$83.34 after having opened the day at $82.83 as compared to the previous trading day's close of $84.60.

SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. SINA Corporation has a market cap of $5.7 billion and is part of the internet industry. The company has a P/E ratio of 76.6, above the S&P 500 P/E ratio of 17.7. Shares are up 0.4% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts that rate SINA Corporation a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates SINA Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full SINA 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.

2. As of noon trading, Salesforce.com ( CRM) is down $0.47 (-0.8%) to $59.25 on average volume. Thus far, 2.3 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $58.85-$59.65 after having opened the day at $59.49 as compared to the previous trading day's close of $59.72.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $34.7 billion and is part of the computer software & services industry. Shares are up 8.2% year-to-date as of the close of trading on Wednesday. Currently there are 22 analysts that rate Salesforce.com a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Salesforce.com 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 $0.70 (-1.7%) to $40.37 on average volume. Thus far, 6.7 million shares of Yahoo exchanged hands as compared to its average daily volume of 15.9 million shares. The stock has ranged in price between $40.11-$40.75 after having opened the day at $40.43 as compared to the previous trading day's close of $41.07.

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 $41.7 billion and is part of the internet industry. The company has a P/E ratio of 34.6, above the S&P 500 P/E ratio of 17.7. Shares are up 1.6% year-to-date as of the close of trading on Wednesday. Currently there are 15 analysts that rate Yahoo a buy, no analysts rate it a sell, and 10 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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