3 Stocks Pushing The Technology Sector Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 77 points (0.5%) at 16,913 as of Friday, June 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,319 issues advancing vs. 667 declining with 134 unchanged.

The Technology sector currently sits up 1.0% versus the S&P 500, which is up 0.4%. A company within the sector that fell today was eBay ( EBAY), up 1.8%. Top gainers within the sector include Telecom Italia SpA ( TI.A), up 5.4%, Turkcell Iletisim Hizmetleri AS ( TKC), up 4.5%, Telecom Italia SpA ( TI), up 3.5%, Baidu ( BIDU), up 3.3% and Tim Participacoes ( TSU), up 3.2%.

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

3. Nippon Telegraph & Telephone ( NTT) is one of the companies pushing the Technology sector lower today. As of noon trading, Nippon Telegraph & Telephone is down $0.37 (-1.2%) to $30.00 on heavy volume. Thus far, 220,884 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 286,100 shares. The stock has ranged in price between $29.91-$30.08 after having opened the day at $30.04 as compared to the previous trading day's close of $30.37.

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 $67.7 billion and is part of the telecommunications industry. Shares are up 12.3% year-to-date as of the close of trading on Thursday. 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Nippon Telegraph & Telephone Ratings Report now.

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