3 Stocks Pushing The Technology Sector Downward

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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.

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