NTT, STX, TXN, LNKD And QCOM, Pushing 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 80 points (0.5%) at 15,453 as of Tuesday, Feb. 4, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,024 issues advancing vs. 894 declining with 170 unchanged.

The Technology sector currently sits up 0.8% versus the S&P 500, which is up 0.7%. On the negative front, top decliners within the sector include Dun & Bradstreet Corporation ( DNB), down 9.1%, NTT DoCoMo ( DCM), down 2.2% and Emerson Electric ( EMR), down 1.1%. Top gainers within the sector include Alcatel-Lucent ( ALU), up 6.8%, America Movil S.A.B. de C.V ( AMOV), up 4.0%, Salesforce.com ( CRM), up 3.8%, America Movil S.A.B. de C.V ( AMX), up 3.6% and Mobile Telesystems OJSC ( MBT), up 3.3%.

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

5. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Technology sector lower today. As of noon trading, Nippon Telegraph & Telephone is down $0.54 (-2.1%) to $25.54 on average volume. Thus far, 153,519 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 312,800 shares. The stock has ranged in price between $25.42-$25.64 after having opened the day at $25.60 as compared to the previous trading day's close of $26.08.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $61.6 billion and is part of the telecommunications industry. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7. Shares are down 3.5% year-to-date as of the close of trading on Monday. Currently there is 1 analyst that rates Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations 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 Nippon Telegraph & Telephone 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, Seagate Technology ( STX) is down $1.22 (-2.4%) to $49.87 on average volume. Thus far, 2.2 million shares of Seagate Technology exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $49.30-$51.50 after having opened the day at $51.18 as compared to the previous trading day's close of $51.09.

Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products. Seagate Technology has a market cap of $17.4 billion and is part of the computer hardware industry. The company has a P/E ratio of 11.8, below the S&P 500 P/E ratio of 17.7. Shares are down 5.9% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate Seagate Technology a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Seagate Technology 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, Texas Instruments ( TXN) is down $0.37 (-0.9%) to $41.13 on heavy volume. Thus far, 4.9 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $40.93-$41.70 after having opened the day at $41.60 as compared to the previous trading day's close of $41.50.

Texas Instruments Incorporated engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. The company operates in four segments: Analog, Embedded Processing, Wireless, and Other. Texas Instruments has a market cap of $46.4 billion and is part of the electronics industry. The company has a P/E ratio of 22.2, above the S&P 500 P/E ratio of 17.7. Shares are down 5.5% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate Texas Instruments a buy, 3 analysts rate it a sell, and 18 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Texas Instruments 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, LinkedIn ( LNKD) is down $4.67 (-2.2%) to $210.73 on average volume. Thus far, 1.2 million shares of LinkedIn exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $209.68-$214.50 after having opened the day at $213.55 as compared to the previous trading day's close of $215.40.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $21.9 billion and is part of the internet industry. The company has a P/E ratio of 717.4, above the S&P 500 P/E ratio of 17.7. Shares are down 0.7% year-to-date as of the close of trading on Monday. Currently there are 15 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates LinkedIn as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and disappointing return on equity. Get the full LinkedIn 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, Qualcomm ( QCOM) is down $0.64 (-0.9%) to $72.68 on average volume. Thus far, 4.9 million shares of Qualcomm exchanged hands as compared to its average daily volume of 10.7 million shares. The stock has ranged in price between $72.35-$73.45 after having opened the day at $73.40 as compared to the previous trading day's close of $73.32.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies. Qualcomm has a market cap of $125.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 20.3, 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 Monday. Currently there are 20 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Qualcomm 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, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Qualcomm 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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