3 Stocks Pushing 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 17,039 as of Tuesday, July 15, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 915 issues advancing vs. 2,069 declining with 174 unchanged.

The Technology sector currently sits down 0.8% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 3.5%, Telecom Italia SpA ( TI.A), down 3.4%, TELUS ( TU), down 2.7%, SK Telecom ( SKM), down 2.0% and Salesforce.com ( CRM), down 1.8%.

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

3. SAP SE ( SAP) is one of the companies pushing the Technology sector lower today. As of noon trading, SAP SE is down $0.93 (-1.2%) to $78.14 on average volume. Thus far, 445,387 shares of SAP SE exchanged hands as compared to its average daily volume of 806,100 shares. The stock has ranged in price between $77.88-$78.59 after having opened the day at $78.22 as compared to the previous trading day's close of $79.07.

SAP AG provides enterprise application software and software-related services worldwide. SAP SE has a market cap of $92.8 billion and is part of the computer software & services industry. Shares are down 9.3% year-to-date as of the close of trading on Monday. Currently there are 5 analysts that rate SAP SE a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates SAP SE 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, reasonable valuation levels 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 SAP SE 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, Crown Castle International ( CCI) is down $0.93 (-1.2%) to $73.92 on average volume. Thus far, 761,401 shares of Crown Castle International exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $73.80-$74.99 after having opened the day at $74.99 as compared to the previous trading day's close of $74.85.

Crown Castle International Corp., together with its subsidiaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. Crown Castle International has a market cap of $24.9 billion and is part of the telecommunications industry. Shares are up 1.9% year-to-date as of the close of trading on Monday. Currently there are 10 analysts that rate Crown Castle International a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Crown Castle International as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Crown Castle International 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, Taiwan Semiconductor Manufacturing ( TSM) is down $0.32 (-1.4%) to $22.34 on average volume. Thus far, 5.0 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10.0 million shares. The stock has ranged in price between $22.24-$22.59 after having opened the day at $22.57 as compared to the previous trading day's close of $22.66.

Taiwan Semiconductor Manufacturing Company Limited is engaged in manufacturing, selling, packaging, testing, and computer-aided designing integrated circuits and other semiconductor devices. It also manufactures masks. Taiwan Semiconductor Manufacturing has a market cap of $118.3 billion and is part of the electronics industry. Shares are up 29.9% year-to-date as of the close of trading on Monday. Currently there is 1 analyst that rates Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Taiwan Semiconductor Manufacturing 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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