VMW, HPQ And EMC, 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 37 points (0.2%) at 17,115 as of Thursday, Sept. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,639 issues advancing vs. 1,333 declining with 167 unchanged.

The Technology sector currently sits up 0.5% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include SK Telecom ( SKM), down 2.0%, Nippon Telegraph & Telephone ( NTT), down 1.3%, Applied Materials ( AMAT), down 0.9% and Verizon Communications ( VZ), down 0.5%. Top gainers within the sector include China Telecom ( CHA), up 3.9%, America Movil SAB de CV ( AMX), up 2.5%, Amazon.com ( AMZN), up 2.5%, America Movil SAB de CV ( AMOV), up 2.0% and Micron Technology ( MU), up 1.8%.

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

3. VMWare ( VMW) is one of the companies pushing the Technology sector lower today. As of noon trading, VMWare is down $2.09 (-2.1%) to $95.90 on average volume. Thus far, 779,175 shares of VMWare exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $95.79-$98.35 after having opened the day at $98.35 as compared to the previous trading day's close of $97.99.

VMware, Inc. provides virtualization infrastructure solutions in the United States and internationally. VMWare has a market cap of $12.9 billion and is part of the computer software & services industry. Shares are up 9.2% year-to-date as of the close of trading on Wednesday. Currently there are 15 analysts that rate VMWare a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates VMWare 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, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full VMWare 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, Hewlett-Packard ( HPQ) is down $0.33 (-0.9%) to $37.74 on light volume. Thus far, 3.2 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 9.4 million shares. The stock has ranged in price between $37.73-$38.25 after having opened the day at $38.06 as compared to the previous trading day's close of $38.07.

Hewlett-Packard Company, together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $71.2 billion and is part of the computer hardware industry. Shares are up 36.1% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Hewlett-Packard a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Hewlett-Packard 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, EMC ( EMC) is down $0.15 (-0.5%) to $29.39 on average volume. Thus far, 7.5 million shares of EMC exchanged hands as compared to its average daily volume of 15.2 million shares. The stock has ranged in price between $29.35-$29.65 after having opened the day at $29.53 as compared to the previous trading day's close of $29.54.

EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It operates in three segments: Information Storage, Information Intelligence Group, and RSA Information Security. EMC has a market cap of $59.7 billion and is part of the computer hardware industry. Shares are up 17.5% year-to-date as of the close of trading on Wednesday. Currently there are 21 analysts that rate EMC a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates EMC 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, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full EMC 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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