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 37 points (-0.2%) at 16,662 as of Friday, May 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,201 issues advancing vs. 1,742 declining with 169 unchanged.

The Technology sector currently sits down 1.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include

Qihoo 360 Technology

(

QIHU

), down 4.9%,

LG Display

(

LPL

), down 4.8%,

Workday

(

WDAY

), down 4.4%,

Vipshop Holdings

(

VIPS

), down 4.1% and

Yandex

(

YNDX

), down 3.2%. Top gainers within the sector include

Turkcell Iletisim Hizmetleri AS

(

TKC

), up 4.7%,

China Unicom (Hong Kong

(

CHU

), up 1.9% and

Intel

(

INTC

), up 0.8%.

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

3.

Splunk

(

SPLK

) is one of the companies pushing the Technology sector lower today. As of noon trading, Splunk is down $8.55 (-17.1%) to $41.49 on heavy volume. Thus far, 13.7 million shares of Splunk exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $41.05-$47.00 after having opened the day at $46.92 as compared to the previous trading day's close of $50.04.

Splunk, Inc. provides software solutions that provide real-time operational intelligence in the United States and internationally. Splunk has a market cap of $5.8 billion and is part of the computer software & services industry. Shares are down 27.1% year-to-date as of the close of trading on Thursday. Currently there are 15 analysts that rate Splunk a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates

Splunk

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share. Get the full

Splunk 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,

EMC

(

EMC

) is down $0.26 (-1.0%) to $26.50 on light volume. Thus far, 4.6 million shares of EMC exchanged hands as compared to its average daily volume of 18.5 million shares. The stock has ranged in price between $26.50-$26.79 after having opened the day at $26.70 as compared to the previous trading day's close of $26.77.

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 $54.4 billion and is part of the computer hardware industry. Shares are up 6.4% year-to-date as of the close of trading on Thursday. Currently there are 22 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, 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

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.

1. As of noon trading,

LinkedIn

(

LNKD

) is down $3.63 (-2.2%) to $160.06 on light volume. Thus far, 1.1 million shares of LinkedIn exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $159.85-$163.60 after having opened the day at $163.00 as compared to the previous trading day's close of $163.69.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $16.9 billion and is part of the internet industry. Shares are down 24.5% year-to-date as of the close of trading on Thursday. Currently there are 20 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

LinkedIn

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full

LinkedIn 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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