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3 Stocks Pushing The Technology 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 81 points (0.5%) at 17,082 as of Monday, Aug. 25, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,780 issues advancing vs. 1,159 declining with 188 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the sector include Intuit ( INTU), down 1.8%, Salesforce.com ( CRM), down 1.7%, Wipro ( WIT), down 1.3%, Texas Instruments ( TXN), down 1.1% and Taiwan Semiconductor Manufacturing ( TSM), down 0.7%. Top gainers within the sector include Bitauto Holdings ( BITA), up 12.1%, AthenaHealth ( ATHN), up 3.4%, KT Corporation ( KT), up 2.7%, ASML ( ASML), up 2.0% and Vipshop Holdings ( VIPS), up 1.8%.

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

3. Qihoo 360 Technology ( QIHU) is one of the companies pushing the Technology sector lower today. As of noon trading, Qihoo 360 Technology is down $8.65 (-8.5%) to $93.10 on heavy volume. Thus far, 9.4 million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $91.87-$97.51 after having opened the day at $97.50 as compared to the previous trading day's close of $101.75.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products and services in the People's Republic of China. Qihoo 360 Technology has a market cap of $12.8 billion and is part of the computer software & services industry. Shares are up 24.0% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Qihoo 360 Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Qihoo 360 Technology 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.
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