5 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 78 points (-0.5%) at 14,583 as of Wednesday, April 3, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 720 issues advancing vs. 2,193 declining with 115 unchanged.

The Technology sector currently sits down 0.7% versus the S&P 500, which is down 0.7%. On the negative front, top decliners within the sector include Cree ( CREE), down 5.8%, Salesforce.com ( CRM), down 3.2%, VimpelCom ( VIP), down 2.2%, America Movil S.A.B. de C.V ( AMX), down 2.3% and Kyocera Corporation ( KYO), down 2.1%. A company within the sector that increased today was Ericsson Telephone Company ( ERIC), up 0.6%.

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 $6.60 (-3.8%) to $166.08 on heavy volume Thus far, 1.9 million shares of LinkedIn exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $165.61-$174.00 after having opened the day at $172.84 as compared to the previous trading day's close of $172.68.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $15.5 billion and is part of the internet industry. The company has a P/E ratio of 913.7, above the S&P 500 P/E ratio of 17.7. Shares are up 50.4% year to date as of the close of trading on Tuesday. 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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4. As of noon trading, Yahoo ( YHOO) is down $0.37 (-1.5%) to $23.41 on light volume Thus far, 7.1 million shares of Yahoo exchanged hands as compared to its average daily volume of 20.1 million shares. The stock has ranged in price between $23.40-$23.88 after having opened the day at $23.78 as compared to the previous trading day's close of $23.78.

Yahoo! Inc., a technology company, provides search, content, and communication tools on the Web and on mobile devices worldwide. Yahoo has a market cap of $25.9 billion and is part of the internet industry. The company has a P/E ratio of 7.2, below the S&P 500 P/E ratio of 17.7. Shares are up 19.5% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Yahoo a buy, 1 analyst rates it a sell, and 16 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Yahoo Ratings Report now.

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3. As of noon trading, Verizon Communications ( VZ) is down $0.58 (-1.2%) to $48.92 on average volume Thus far, 7.8 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 13.8 million shares. The stock has ranged in price between $48.66-$49.58 after having opened the day at $49.43 as compared to the previous trading day's close of $49.50.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $142.7 billion and is part of the telecommunications industry. The company has a P/E ratio of 158.8, above the S&P 500 P/E ratio of 17.7. Shares are up 14.4% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Verizon Communications as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full Verizon Communications Ratings Report now.

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2. As of noon trading, Intel ( INTC) is down $0.20 (-1.0%) to $21.25 on light volume Thus far, 12.8 million shares of Intel exchanged hands as compared to its average daily volume of 44.7 million shares. The stock has ranged in price between $21.25-$21.50 after having opened the day at $21.45 as compared to the previous trading day's close of $21.46.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $106.0 billion and is part of the electronics industry. The company has a P/E ratio of 10.1, below the S&P 500 P/E ratio of 17.7. Shares are up 4.0% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Intel a buy, 4 analysts rate it a sell, and 22 rate it a hold.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Intel Ratings Report now.

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1. As of noon trading, Google ( GOOG) is down $5.75 (-0.7%) to $807.29 on light volume Thus far, 791,689 shares of Google exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $806.92-$814.20 after having opened the day at $813.46 as compared to the previous trading day's close of $813.04.

Google Inc., a technology company, builds products and provides services to organize the information and make it universally accessible and useful. Google has a market cap of $214.3 billion and is part of the internet industry. The company has a P/E ratio of 24.7, above the S&P 500 P/E ratio of 17.7. Shares are up 14.9% year to date as of the close of trading on Tuesday. Currently there are 23 analysts that rate Google a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Google as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Google Ratings Report now.

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If you are interested in one of these 4 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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