3 Stocks Pushing The Technology Sector Lower

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 17 points (-0.1%) at 16,759 as of Monday, June 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,419 issues advancing vs. 1,541 declining with 179 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Level 3 Communications ( LVLT), down 5.7%, Telecom Italia SpA ( TI.A), down 3.7%, Telecom Italia SpA ( TI), down 3.5%, Turkcell Iletisim Hizmetleri AS ( TKC), down 2.5% and VimpelCom ( VIP), down 2.2%. Top gainers within the sector include SunEdison ( SUNE), up 8.8%, Nuance Communications ( NUAN), up 7.4%, tw telecom inc ( TWTC), up 6.6% and Micron Technology ( MU), up 1.7%.

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 $0.31 (-0.9%) to $34.85 on average volume. Thus far, 5.3 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 12.6 million shares. The stock has ranged in price between $34.63-$35.06 after having opened the day at $35.06 as compared to the previous trading day's close of $35.16.

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 $62.2 billion and is part of the computer hardware industry. Shares are up 25.7% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate Hewlett-Packard a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. Get the full Hewlett-Packard Ratings Report now.

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