ABB, SAP And ADP, 3 Technology Stocks Pushing The Sector Lower

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 16,507 as of Monday, Aug. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,334 issues advancing vs. 1,665 declining with 161 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Catamaran ( CTRX), down 3.1%, ASML ( ASML), down 1.2%, Telefonica ( TEF), down 0.9%, BT Group ( BT), down 0.7% and Nippon Telegraph & Telephone ( NTT), down 0.7%. Top gainers within the sector include Groupon ( GRPN), up 8.5%, Qihoo 360 Technology ( QIHU), up 4.8%, Infosys ( INFY), up 2.8%, Amazon.com ( AMZN), up 2.7% and Salesforce.com ( CRM), up 2.7%.

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

3. ABB ( ABB) is one of the companies pushing the Technology sector lower today. As of noon trading, ABB is down $0.12 (-0.5%) to $22.71 on light volume. Thus far, 680,197 shares of ABB exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $22.67-$22.88 after having opened the day at $22.85 as compared to the previous trading day's close of $22.83.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $52.7 billion and is part of the industrial industry. Shares are down 14.0% year-to-date as of the close of trading on Friday. Currently there are no analysts that rate ABB a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full ABB 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, SAP SE ( SAP) is down $0.71 (-0.9%) to $76.70 on average volume. Thus far, 596,540 shares of SAP SE exchanged hands as compared to its average daily volume of 848,500 shares. The stock has ranged in price between $76.32-$76.91 after having opened the day at $76.83 as compared to the previous trading day's close of $77.41.

SAP AG provides enterprise application software and software-related services worldwide. SAP SE has a market cap of $93.8 billion and is part of the computer software & services industry. Shares are down 11.2% year-to-date as of the close of trading on Friday. 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, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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.

1. As of noon trading, Automatic Data Processing ( ADP) is down $0.73 (-0.9%) to $80.81 on heavy volume. Thus far, 1.1 million shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $80.59-$81.50 after having opened the day at $81.32 as compared to the previous trading day's close of $81.54.

Automatic Data Processing, Inc., together with its subsidiaries, provides technology-based outsourcing solutions to employers and vehicle retailers and manufacturers worldwide. Automatic Data Processing has a market cap of $39.2 billion and is part of the computer software & services industry. Shares are up 0.9% year-to-date as of the close of trading on Friday. Currently there are 5 analysts that rate Automatic Data Processing a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Automatic Data Processing 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, growth in earnings per share, increase in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Automatic Data Processing 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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