3 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 153 points (1.0%) at 15,456 as of Tuesday, May 28, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,106 issues advancing vs. 846 declining with 109 unchanged.

The Technology sector currently sits up 1.3% versus the S&P 500, which is up 0.9%. On the negative front, top decliners within the sector include NTT DoCoMo ( DCM), down 2.61, Mobile Telesystems OJSC ( MBT), down 1.82 and Nippon Telegraph & Telephone ( NTT), down 1.10. Top gainers within the sector include NetApp ( NTAP), up 4.7%, ASML ( ASML), up 3.5%, Turkcell Iletisim Hizmetleri AS ( TKC), up 2.8%, Agilent Technologies ( A), up 2.7% and LM Ericsson Telephone Company ( ERIC), up 2.3%.

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

3. ABB ( ABB) is one of the companies pushing the Technology sector lower today. As of noon trading, ABB is down $0.20 (-0.9%) to $22.05 on average volume Thus far, 1.1 million shares of ABB exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $22.04-$22.42 after having opened the day at $22.38 as compared to the previous trading day's close of $22.25.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $51.1 billion and is part of the electronics industry. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are up 7.0% year to date as of the close of trading on Friday.

TheStreet Ratings rates ABB 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, reasonable valuation levels 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 ABB Ratings Report now.

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2. As of noon trading, Salesforce.com ( CRM) is down $0.52 (-1.2%) to $42.73 on heavy volume Thus far, 5.0 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 6.4 million shares. The stock has ranged in price between $42.36-$43.53 after having opened the day at $43.25 as compared to the previous trading day's close of $43.25.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $25.5 billion and is part of the computer software & services industry. Shares are up 2.9% year to date as of the close of trading on Friday.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Salesforce.com Ratings Report now.

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1. As of noon trading, LinkedIn ( LNKD) is down $4.20 (-2.4%) to $169.60 on heavy volume Thus far, 1.8 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 $167.24-$176.62 after having opened the day at $176.20 as compared to the previous trading day's close of $173.80.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $15.9 billion and is part of the internet industry. The company has a P/E ratio of 496.6, above the S&P 500 P/E ratio of 17.7. Shares are up 51.4% year to date as of the close of trading on Friday.

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.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

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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