Skip to main content

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.

LinkedIn

(

LNKD

) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.4%. By the end of trading, LinkedIn fell $4.15 (-1.9%) to $216.35 on light volume. Throughout the day, 1,034,712 shares of LinkedIn exchanged hands as compared to its average daily volume of 2,219,700 shares. The stock ranged in price between $215.95-$220.86 after having opened the day at $220.23 as compared to the previous trading day's close of $220.50. Other companies within the Technology sector that declined today were:

InfoSonics Corporation

(

IFON

), down 14.9%,

Twitter

(

TWTR

), down 13.0%,

Luna Innovations

(

LUNA

TheStreet Recommends

), down 11.7% and

Textura

(

TXTR

), down 5.6%.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $22.4 billion and is part of the internet industry. Shares are up 92.0% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates

LinkedIn

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and disappointing return on equity.

On the positive front,

Net Element

(

NETE

), up 24.2%,

Barracuda Networks

(

CUDA

), up 20.4%,

Sungame

(

SGMZ

), up 17.6% and

TigerLogic Corporation

(

TIGR

), up 17.5% , were all gainers within the technology sector with

Alcatel-Lucent

(

ALU

) being today's featured technology sector leader.

For investors not wanting singular stock exposure, 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

).

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