5 Technology Stocks Dragging The Sector Down

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 down 18 points (-0.1%) at 15,776 as of Monday, Feb. 10, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,409 issues advancing vs. 1,532 declining with 144 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI.A), down 2.9%, Telecom Italia SpA ( TI), down 2.2%, China Unicom (Hong Kong ( CHU), down 1.9%, America Movil S.A.B. de C.V ( AMOV), down 1.7% and Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.6%. A company within the sector that increased today was Micron Technology ( MU), up 1.7%.

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

5. Telefonica ( TEF) is one of the companies pushing the Technology sector lower today. As of noon trading, Telefonica is down $0.24 (-1.5%) to $15.35 on light volume. Thus far, 318,184 shares of Telefonica exchanged hands as compared to its average daily volume of 994,100 shares. The stock has ranged in price between $15.28-$15.36 after having opened the day at $15.36 as compared to the previous trading day's close of $15.59.

Telefonica, S.A. provides fixed and mobile communication services primarily in Europe and Latin America. The company offers mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services, as well as mobile payment solutions. Telefonica has a market cap of $69.8 billion and is part of the telecommunications industry. Shares are down 4.6% year-to-date as of the close of trading on Friday. Currently there are 2 analysts that rate Telefonica a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Telefonica as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, attractive valuation levels 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 Telefonica 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, Tim Participacoes SA ADR ( TSU) is down $0.98 (-3.6%) to $26.45 on average volume. Thus far, 889,628 shares of Tim Participacoes SA ADR exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $26.32-$27.01 after having opened the day at $26.86 as compared to the previous trading day's close of $27.43.

TIM Participac es S.A., through its subsidiaries, provides mobile telecommunications services using digital technologies to business and individual customers in Brazil. The company offers mobile, fixed and long distance telephony, and data transmission and Internet services. Tim Participacoes SA ADR has a market cap of $13.2 billion and is part of the telecommunications industry. Shares are up 4.5% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate Tim Participacoes SA ADR a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Tim Participacoes SA ADR 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, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Tim Participacoes SA ADR 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, America Movil S.A.B. de C.V ( AMX) is down $0.43 (-2.0%) to $20.89 on light volume. Thus far, 1.7 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $20.85-$21.32 after having opened the day at $21.28 as compared to the previous trading day's close of $21.32.

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 $76.1 billion and is part of the telecommunications industry. Shares are down 8.8% year-to-date as of the close of trading on Friday. 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 hold. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and a generally disappointing performance in the stock itself. 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.

2. As of noon trading, Hewlett-Packard ( HPQ) is down $0.25 (-0.9%) to $28.82 on light volume. Thus far, 2.5 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 14.9 million shares. The stock has ranged in price between $28.68-$29.22 after having opened the day at $29.01 as compared to the previous trading day's close of $29.07.

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 $54.2 billion and is part of the computer hardware industry. Shares are up 3.9% year-to-date as of the close of trading on Friday. Currently there are 5 analysts that rate Hewlett-Packard a buy, 3 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Hewlett-Packard 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, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. 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.

1. As of noon trading, Facebook ( FB) is down $0.32 (-0.5%) to $64.00 on light volume. Thus far, 21.6 million shares of Facebook exchanged hands as compared to its average daily volume of 65.1 million shares. The stock has ranged in price between $63.72-$64.49 after having opened the day at $64.30 as compared to the previous trading day's close of $64.32.

Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. Facebook has a market cap of $122.8 billion and is part of the internet industry. Shares are up 17.7% year-to-date as of the close of trading on Friday. Currently there are 32 analysts that rate Facebook a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Facebook 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 impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Facebook 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 3 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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