3 Stocks Dragging 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 25 points (-0.1%) at 16,936 as of Monday, July 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,900 declining with 205 unchanged.

The Technology sector currently sits down 0.7% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Micron Technology ( MU), down 4.1%, Salesforce.com ( CRM), down 1.6%, NXP Semiconductors ( NXPI), down 1.6%, Wipro ( WIT), down 0.9% and Emerson Electric ( EMR), down 0.9%. Top gainers within the sector include Qihoo 360 Technology ( QIHU), up 3.9%, Roper Industries ( ROP), up 3.0%, Advanced Semiconductor Engineering ( ASX), up 2.5%, China Unicom (Hong Kong ( CHU), up 2.3% and Apple ( AAPL), up 0.7%.

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 $0.27 (-0.8%) to $32.98 on heavy volume. Thus far, 231,595 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 285,600 shares. The stock has ranged in price between $32.86-$33.01 after having opened the day at $32.91 as compared to the previous trading day's close of $33.25.

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 $73.7 billion and is part of the telecommunications industry. Shares are up 23.0% year-to-date as of the close of trading on Friday. 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Nippon Telegraph & Telephone Ratings Report now.

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3 Stocks Pulling The Telecommunications Industry Downward