KT, TLK And TSU, Pushing 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 7 points (0.0%) at 17,032 as of Friday, Aug. 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,152 issues advancing vs. 1,771 declining with 181 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Intuit ( INTU), down 2.5%, America Movil SAB de CV ( AMOV), down 1.7%, Telefonica Brasil ( VIV), down 1.4%, America Movil SAB de CV ( AMX), down 1.2% and Baidu ( BIDU), down 1.1%. Top gainers within the sector include NXP Semiconductors ( NXPI), up 2.4%, LinkedIn ( LNKD), up 1.9%, China Telecom ( CHA), up 1.6%, Infosys ( INFY), up 1.1% and Taiwan Semiconductor Manufacturing ( TSM), up 1.0%.

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

3. KT Corporation ( KT) is one of the companies pushing the Technology sector lower today. As of noon trading, KT Corporation is down $0.51 (-3.0%) to $16.34 on average volume. Thus far, 229,739 shares of KT Corporation exchanged hands as compared to its average daily volume of 404,700 shares. The stock has ranged in price between $16.34-$16.54 after having opened the day at $16.42 as compared to the previous trading day's close of $16.85.

KT Corporation provides telecommunication services in Korea. KT Corporation has a market cap of $8.9 billion and is part of the telecommunications industry. Shares are up 13.3% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst that rates KT Corporation a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates KT Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins and feeble growth in its earnings per share. Get the full KT Corporation 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, Telekomunikasi Indonesia (Persero) Tbk ( TLK) is down $0.57 (-1.2%) to $45.84 on light volume. Thus far, 80,886 shares of Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 228,500 shares. The stock has ranged in price between $45.65-$46.57 after having opened the day at $46.46 as compared to the previous trading day's close of $46.41.

PT Telekomunikasi Indonesia, Tbk provides network and telecommunication services to individual and home customers, companies, and institutions in worldwide. It operates through four segments: Personal, Home, Corporate, and Others. Telekomunikasi Indonesia (Persero) Tbk has a market cap of $22.9 billion and is part of the telecommunications industry. Shares are up 29.5% year-to-date as of the close of trading on Thursday. Currently there are no analysts that rate Telekomunikasi Indonesia (Persero) Tbk a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Telekomunikasi Indonesia (Persero) Tbk as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Telekomunikasi Indonesia (Persero) Tbk 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, Tim Participacoes ( TSU) is down $0.81 (-3.2%) to $24.60 on light volume. Thus far, 311,909 shares of Tim Participacoes exchanged hands as compared to its average daily volume of 946,100 shares. The stock has ranged in price between $24.59-$25.54 after having opened the day at $25.23 as compared to the previous trading day's close of $25.41.

TIM Participac es S.A., through its subsidiaries, provides telecommunication services in Brazil. The company offers mobile, fixed, and long distance telephony; data transmission; and Internet services. Tim Participacoes has a market cap of $12.1 billion and is part of the telecommunications industry. Shares are down 3.2% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that rate Tim Participacoes a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Tim Participacoes as a hold. 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 and increase in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Tim Participacoes 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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