4 Stocks Pushing The Technology Sector Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 45 points (0.3%) at 14,027 as of Tuesday, Feb. 19, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,918 issues advancing vs. 965 declining with 159 unchanged.

The Technology sector currently sits up 0.7% versus the S&P 500, which is up 0.5%. Top gainers within the sector include AU Optronics Corporation ( AUO), up 11.3%, CenturyLink ( CTL), up 6.0%, Taiwan Semiconductor Manufacturing ( TSM), up 2.6%, Turkcell Iletisim Hizmetleri AS ( TKC), up 2.5% and Rogers Communications ( RCI), up 2.5%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:

4. Yandex ( YNDX) is one of the companies pushing the Technology sector lower today. As of noon trading, Yandex is down $2.97 (-11.6%) to $22.62 on heavy volume Thus far, 5.7 million shares of Yandex exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $22.12-$24.09 after having opened the day at $23.61 as compared to the previous trading day's close of $25.59.

Yandex N.V. operates as an Internet and technology company and operates an Internet search engine in Russia and internationally. It offers access to a range of information available online; localized homepages for specific geographic markets; and personalized and email services. Yandex has a market cap of $4.8 billion and is part of the internet industry. The company has a P/E ratio of 46.5, above the S&P 500 P/E ratio of 17.7. Shares are up 18.8% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Yandex a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Yandex as a sell. The area that we feel has been the company's primary weakness has been its feeble growth in its earnings per share. Get the full Yandex Ratings Report now.

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3. As of noon trading, Equinix ( EQIX) is down $7.02 (-3.1%) to $217.50 on heavy volume Thus far, 656,652 shares of Equinix exchanged hands as compared to its average daily volume of 792,700 shares. The stock has ranged in price between $217.15-$223.81 after having opened the day at $223.34 as compared to the previous trading day's close of $224.53.

Equinix, Inc. provides data center services to protect and connect the information assets for the enterprises, financial services companies, and content and network providers primarily in the Americas, Europe, the Middle-East, Africa, and the Asia-Pacific. Equinix has a market cap of $10.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 84.1, above the S&P 500 P/E ratio of 17.7. Shares are up 8.9% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate Equinix a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Equinix as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, reasonable valuation levels and solid stock price performance. 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 Equinix Ratings Report now.

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2. As of noon trading, LinkedIn ( LNKD) is down $4.13 (-2.5%) to $158.53 on heavy volume Thus far, 1.6 million shares of LinkedIn exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $157.83-$161.20 after having opened the day at $160.74 as compared to the previous trading day's close of $162.66.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $14.2 billion and is part of the internet industry. The company has a P/E ratio of 182.8, above the S&P 500 P/E ratio of 17.7. Shares are up 41.7% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates LinkedIn as a sell. The area that we feel has been the company's primary weakness has been its disappointing return on equity. Get the full LinkedIn Ratings Report now.

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1. As of noon trading, Baidu ( BIDU) is down $1.83 (-1.9%) to $92.49 on average volume Thus far, 3.1 million shares of Baidu exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $91.74-$93.64 after having opened the day at $92.85 as compared to the previous trading day's close of $94.32.

Baidu, Inc. provides Internet search services. The company offers a Chinese language search platform on its Website, Baidu.com; and a Japanese language search platform on its Website, Baidu.jp. Baidu has a market cap of $33.0 billion and is part of the internet industry. The company has a P/E ratio of 3.2, below the S&P 500 P/E ratio of 17.7. Shares are down 6.0% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Baidu a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Baidu 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, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Baidu Ratings Report now.

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If you are interested in one of these 5 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).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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