SAP, MSI, VZ, T And FB, Pushing Technology Sector Downward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.3%) at 16,357 as of Wednesday, Jan. 22, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,698 issues advancing vs. 1,213 declining with 185 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include ABB ( ABB), down 4.1%, International Business Machines ( IBM), down 3.8%, Telefonica ( TEF), down 1.6%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.2% and Amazon.com ( AMZN), down 1.0%. Top gainers within the sector include America Movil S.A.B. de C.V ( AMOV), up 6.2%, Cerner Corporation ( CERN), up 2.9%, China Telecom ( CHA), up 2.4%, China Unicom (Hong Kong ( CHU), up 1.9% and Apple ( AAPL), up 1.2%.

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

5. Sap ( SAP) is one of the companies pushing the Technology sector lower today. As of noon trading, Sap is down $1.53 (-1.9%) to $79.88 on heavy volume. Thus far, 859,369 shares of Sap exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $79.75-$80.37 after having opened the day at $80.35 as compared to the previous trading day's close of $81.41.

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 $98.2 billion and is part of the computer software & services industry. The company has a P/E ratio of 21.9, above the S&P 500 P/E ratio of 17.7. Shares are down 6.6% year-to-date as of the close of trading on Tuesday. 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.

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