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.

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