3 Stocks Pulling The 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 16,140 as of Tuesday, Feb. 18, 2014, 12:00 PM ET. The NYSE advances/declines ratio sits at 2,063 issues advancing vs. 873 declining with 164 unchanged.

The Technology sector currently sits up 1.0% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Semiconductor Manufacturing International C ( SMI), down 19.0%, Symantec ( SYMC), down 1.9%, Amazon.com ( AMZN), down 2.0%, China Telecom ( CHA), down 1.2% and America Movil S.A.B. de C.V ( AMOV), down 1.0%. Top gainers within the sector include SolarCity ( SCTY), up 7.0%, 3D Systems Corporation ( DDD), up 6.3%, BT Group ( BT), up 5.0%, Telecom Italia SpA ( TI.A), up 3.5% and Telecom Italia SpA ( TI), up 2.7%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. Hewlett-Packard ( HPQ) is one of the companies pushing the Technology sector lower today. As of noon trading, Hewlett-Packard is down $0.21 (-0.7%) to $29.81 on light volume. Thus far, 4.3 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 14.3 million shares. The stock has ranged in price between $29.75-$30.05 after having opened the day at $30.00 as compared to the previous trading day's close of $30.02.

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 $57.1 billion and is part of the computer hardware industry. Shares are up 7.3% year-to-date as of the close of trading on Friday. Currently there are 5 analysts that rate Hewlett-Packard a buy, 2 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.

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2. As of noon trading, Verizon Communications ( VZ) is down $0.70 (-1.5%) to $45.81 on heavy volume. Thus far, 17.1 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 14.7 million shares. The stock has ranged in price between $45.45-$46.50 after having opened the day at $46.47 as compared to the previous trading day's close of $46.51.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $133.0 billion and is part of the telecommunications industry. Shares are down 5.3% year-to-date as of the close of trading on Friday. Currently there are 19 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, 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 generally high debt management risk by most measures that we evaluated. Get the full Verizon Communications Ratings Report now.

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1. As of noon trading, AT&T ( T) is down $0.30 (-0.9%) to $32.85 on average volume. Thus far, 11.0 million shares of AT&T exchanged hands as compared to its average daily volume of 24.7 million shares. The stock has ranged in price between $32.63-$33.23 after having opened the day at $33.23 as compared to the previous trading day's close of $33.15.

AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. The company operates through Wireless, Wireline, and Other segments. AT&T has a market cap of $174.6 billion and is part of the telecommunications industry. Shares are down 5.7% year-to-date as of the close of trading on Friday. Currently there are 10 analysts that rate AT&T a buy, 1 analyst rates it a sell, and 18 rate it a hold.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full AT&T 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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