3 Technology Stocks Dragging The Sector Down

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 6 points (0.0%) at 17,692 as of Thursday, Nov. 20, 2014, 12:15 PM ET. The NYSE advances/declines ratio sits at 1,899 issues advancing vs. 1,047 declining with 192 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 Salesforce.com ( CRM), down 3.1%, BT Group ( BT), down 1.5%, Infosys ( INFY), down 1.2%, Telefonica ( TEF), down 1.1% and eBay ( EBAY), down 0.9%. Top gainers within the sector include Yahoo ( YHOO), up 2.6%, Amazon.com ( AMZN), up 1.6%, Taiwan Semiconductor Manufacturing ( TSM), up 0.8%, Intel ( INTC), up 0.7% and Cisco Systems ( CSCO), up 0.3%.

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

3. NTT DoCoMo ( DCM) is one of the companies pushing the Technology sector lower today. As of noon trading, NTT DoCoMo is down $0.18 (-1.1%) to $15.82 on light volume. Thus far, 72,765 shares of NTT DoCoMo exchanged hands as compared to its average daily volume of 227,000 shares. The stock has ranged in price between $15.78-$15.88 after having opened the day at $15.79 as compared to the previous trading day's close of $16.00.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

NTT DOCOMO, Inc. provides mobile telecommunication services through its long term evolution and W-CDMA networks in Japan. NTT DoCoMo has a market cap of $63.5 billion and is part of the telecommunications industry. Shares are down 3.1% year-to-date as of the close of trading on Wednesday. Currently there are no analysts that rate NTT DoCoMo a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NTT DoCoMo as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. Get the full NTT DoCoMo 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, Nippon Telegraph & Telephone ( NTT) is down $0.64 (-2.3%) to $27.23 on light volume. Thus far, 109,046 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 313,500 shares. The stock has ranged in price between $27.20-$27.36 after having opened the day at $27.33 as compared to the previous trading day's close of $27.87.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, and system integration and other telecommunications-related services in Japan. Nippon Telegraph & Telephone has a market cap of $62.5 billion and is part of the telecommunications industry. Shares are up 3.1% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in stock price during the past year, expanding profit margins 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 Nippon Telegraph & Telephone 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, International Business Machines ( IBM) is down $1.21 (-0.8%) to $160.22 on average volume. Thus far, 1.7 million shares of International Business Machines exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $160.02-$161.50 after having opened the day at $160.95 as compared to the previous trading day's close of $161.43.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $160.2 billion and is part of the computer software & services industry. Shares are down 13.9% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate International Business Machines a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates International Business Machines as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and a generally disappointing performance in the stock itself. Get the full International Business Machines 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).

null

More from Markets

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Deutsche Bank Confirms Massive Job Cuts as New CEO Christian Sewing Plants Flag

Deutsche Bank Confirms Massive Job Cuts as New CEO Christian Sewing Plants Flag

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market