TU, RAX, TRIP, BBRY And LNKD, Pushing Technology Sector Downward

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 19 points (-0.1%) at 15,282 as of Wednesday, July 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,222 issues advancing vs. 1,685 declining with 126 unchanged.

The Technology sector currently sits up 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Micron Technology ( MU), down 3.1%, Nokia Oyj ( NOK), down 2.4%, Nielsen Holdings ( NLSN), down 2.2%, Telefonica Brasil S.A ( VIV), down 2.0% and Telecom Italia SpA ( TI), down 2.0%. Top gainers within the sector include Yandex ( YNDX), up 4.3%, Applied Materials ( AMAT), up 4.1%, Crown Castle International ( CCI), up 2.8%, American Tower ( AMT), up 2.6% and Cognizant Technology Solutions Corporation ( CTSH), up 2.5%.

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

5. TELUS ( TU) is one of the companies pushing the Technology sector lower today. As of noon trading, TELUS is down $0.29 (-1.0%) to $29.80 on light volume. Thus far, 58,953 shares of TELUS exchanged hands as compared to its average daily volume of 199,500 shares. The stock has ranged in price between $29.60-$30.24 after having opened the day at $30.23 as compared to the previous trading day's close of $30.09.

TELUS Corporation provides telecommunications products and services primarily in Canada. Its telecommunications products and services include wireless, data, Internet protocol (IP), voice, and television. The company operates through two segments, Wireless and Wireline. TELUS has a market cap of $19.7 billion and is part of the telecommunications industry. Shares are up 6.1% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate TELUS a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates TELUS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, good cash flow from operations and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full TELUS Ratings Report now.

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

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