4 Stocks Dragging 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 48 points (0.3%) at 16,465 as of Friday, Jan. 17, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,451 issues advancing vs. 1,447 declining with 177 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include LinkedIn ( LNKD), down 2.4%, Taiwan Semiconductor Manufacturing ( TSM), down 1.9%, Microsoft Corporation ( MSFT), down 1.6%, ASML ( ASML), down 1.0% and America Movil S.A.B. de C.V ( AMX), down 0.8%. Top gainers within the sector include Skyworks Solutions ( SWKS), up 8.1%, Qihoo 360 Technology ( QIHU), up 3.5%, Telecom Italia SpA ( TI), up 2.0%, Amazon.com ( AMZN), up 1.4% and Hewlett-Packard ( HPQ), up 1.2%.

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

4. China Unicom (Hong Kong ( CHU) is one of the companies pushing the Technology sector lower today. As of noon trading, China Unicom (Hong Kong is down $0.23 (-1.7%) to $13.31 on heavy volume. Thus far, 488,473 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 500,900 shares. The stock has ranged in price between $13.26-$13.41 after having opened the day at $13.40 as compared to the previous trading day's close of $13.54.

China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of cellular, fixed line, and broadband services in China. China Unicom (Hong Kong has a market cap of $32.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 29.1, above the S&P 500 P/E ratio of 17.7. Shares are down 10.1% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, 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 and a generally disappointing performance in the stock itself. Get the full China Unicom (Hong Kong 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, Sap ( SAP) is down $0.44 (-0.5%) to $82.37 on average volume. Thus far, 508,534 shares of Sap exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $81.98-$82.38 after having opened the day at $82.19 as compared to the previous trading day's close of $82.81.

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 $99.1 billion and is part of the computer software & services industry. The company has a P/E ratio of 22.1, above the S&P 500 P/E ratio of 17.7. Shares are down 5.0% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts that rate Sap a buy, 1 analyst rates 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 increase in stock price during the past year. 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.

2. As of noon trading, EMC Corporation ( EMC) is down $0.29 (-1.1%) to $26.08 on average volume. Thus far, 10.9 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 23.0 million shares. The stock has ranged in price between $25.93-$26.25 after having opened the day at $26.25 as compared to the previous trading day's close of $26.37.

EMC Corporation, together with its subsidiaries, develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. EMC Corporation has a market cap of $54.1 billion and is part of the computer hardware industry. The company has a P/E ratio of 21.0, above the S&P 500 P/E ratio of 17.7. Shares are up 4.8% year-to-date as of the close of trading on Thursday. Currently there are 21 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates EMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full EMC 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.

1. As of noon trading, Baidu ( BIDU) is down $2.04 (-1.2%) to $170.96 on average volume. Thus far, 1.8 million shares of Baidu exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $170.23-$172.93 after having opened the day at $172.48 as compared to the previous trading day's close of $173.00.

Baidu, Inc. provides Chinese language Internet search services. It also offers a Chinese language search platform for businesses to reach their customers. Baidu has a market cap of $59.6 billion and is part of the internet industry. The company has a P/E ratio of 32.2, above 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 Thursday. Currently there are 11 analysts that rate Baidu a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Baidu 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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