5 Stocks Pulling The Technology Sector Downward

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 68 points (-0.5%) at 14,443 as of Monday, March 25, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,111 issues advancing vs. 1,777 declining with 156 unchanged.

The Technology sector currently sits down 0.4% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Red Hat ( RHT), down 4.6%, Telecom Italia SpA ( TI), down 4.2%, Check Point Software Technologies ( CHKP), down 3.7%, VMWare ( VMW), down 3.3% and Nokia Oyj ( NOK), down 3.2%. Top gainers within the sector include AU Optronics Corporation ( AUO), up 5.4%, America Movil S.A.B. de C.V ( AMOV), up 1.3%, Kyocera Corporation ( KYO), up 1.3% and BT Group ( BT), up 1.1%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. LinkedIn ( LNKD) is one of the companies pushing the Technology sector lower today. As of noon trading, LinkedIn is down $5.50 (-3.0%) to $175.98 on average volume Thus far, 1.5 million shares of LinkedIn exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $175.10-$182.29 after having opened the day at $182.25 as compared to the previous trading day's close of $181.48.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $15.6 billion and is part of the internet industry. The company has a P/E ratio of 919.3, above the S&P 500 P/E ratio of 17.7. Shares are up 52.4% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates LinkedIn as a sell. Among the areas we feel are negative, one of the most important has been premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full LinkedIn Ratings Report now.

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