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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 34 points (0.2%) at 16,464 as of Wednesday, Aug. 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,014 issues advancing vs. 970 declining with 140 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the sector include China Unicom (Hong Kong ( CHU), down 4.8%, Infosys ( INFY), down 2.8%, China Telecom ( CHA), down 2.4%, Telecom Italia SpA ( TI.A), down 2.1% and Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 1.8%. Top gainers within the sector include Crown Castle International ( CCI), up 4.6%, Cerner ( CERN), up 2.9%, Activision Blizzard ( ATVI), up 2.6%, ASML ( ASML), up 1.5% and Taiwan Semiconductor Manufacturing ( TSM), up 1.5%.

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

3. Groupon ( GRPN) is one of the companies pushing the Technology sector lower today. As of noon trading, Groupon is down $1.12 (-15.8%) to $5.95 on heavy volume. Thus far, 38.3 million shares of Groupon exchanged hands as compared to its average daily volume of 15.2 million shares. The stock has ranged in price between $5.68-$6.05 after having opened the day at $5.69 as compared to the previous trading day's close of $7.07.

Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record. Groupon has a market cap of $4.8 billion and is part of the internet industry. Shares are down 40.3% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Groupon a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Groupon as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Groupon 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, T-Mobile US ( TMUS) is down $2.36 (-7.0%) to $31.55 on heavy volume. Thus far, 11.6 million shares of T-Mobile US exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $30.38-$31.92 after having opened the day at $30.89 as compared to the previous trading day's close of $33.91.

T-Mobile US, Inc. provides mobile communications services under the T-Mobile, MetroPCS, and GoSmart brands in the United States, Puerto Rico, and the U.S. Virgin Islands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. T-Mobile US has a market cap of $27.2 billion and is part of the telecommunications industry. Shares are up 0.1% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate T-Mobile US a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates T-Mobile US as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full T-Mobile US 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, Cognizant Technology Solutions ( CTSH) is down $6.08 (-12.2%) to $43.90 on heavy volume. Thus far, 26.8 million shares of Cognizant Technology Solutions exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $41.51-$44.03 after having opened the day at $42.99 as compared to the previous trading day's close of $49.98.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates in four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Cognizant Technology Solutions has a market cap of $30.4 billion and is part of the computer software & services industry. Shares are down 0.9% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Cognizant Technology Solutions a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Cognizant Technology Solutions as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Cognizant Technology Solutions 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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