YNDX, AMX And HPQ, 3 Technology Stocks Pushing The 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 80 points (-0.5%) at 17,033 as of Monday, Sept. 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 959 issues advancing vs. 2,053 declining with 145 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the sector include Philippine Long Distance Telephone ( PHI), down 5.2%, VimpelCom ( VIP), down 4.5%, Mobile Telesystems OJSC ( MBT), down 3.8%, Tim Participacoes ( TSU), down 3.0% and Telefonica Brasil ( VIV), down 2.7%.

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

3. Yandex ( YNDX) is one of the companies pushing the Technology sector lower today. As of noon trading, Yandex is down $1.28 (-4.3%) to $28.38 on average volume. Thus far, 2.0 million shares of Yandex exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $28.17-$29.24 after having opened the day at $28.93 as compared to the previous trading day's close of $29.67.

Yandex N.V. operates an Internet search engine in Russia and internationally. Yandex has a market cap of $7.3 billion and is part of the internet industry. Shares are down 31.2% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate Yandex a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Yandex as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Yandex 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, America Movil SAB de CV ( AMX) is down $0.33 (-1.3%) to $24.83 on light volume. Thus far, 1.9 million shares of America Movil SAB de CV exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $24.75-$25.06 after having opened the day at $24.99 as compared to the previous trading day's close of $25.16.

America Movil, S.A.B. de C.V. provides telecommunications services in the United States, Latin America, and the Caribbean. America Movil SAB de CV has a market cap of $88.3 billion and is part of the telecommunications industry. Shares are up 7.7% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates America Movil SAB de CV a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates America Movil SAB de CV as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full America Movil SAB de CV 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, Hewlett-Packard ( HPQ) is down $0.37 (-1.1%) to $35.00 on average volume. Thus far, 4.8 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 9.3 million shares. The stock has ranged in price between $34.63-$35.13 after having opened the day at $35.03 as compared to the previous trading day's close of $35.37.

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 $65.8 billion and is part of the computer hardware industry. Shares are up 26.4% year-to-date as of the close of trading on Friday. Currently there are 9 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.

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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