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.

4. As of noon trading, Rackspace Hosting ( RAX) is down $3.28 (-7.8%) to $38.52 on heavy volume. Thus far, 3.8 million shares of Rackspace Hosting exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $38.23-$40.83 after having opened the day at $40.65 as compared to the previous trading day's close of $41.79.

Rackspace Hosting, Inc., through its subsidiaries, provides cloud computing services, managing Web-based IT systems for small and medium-sized businesses, and large enterprises worldwide. Rackspace Hosting has a market cap of $5.7 billion and is part of the computer software & services industry. Shares are down 44.5% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Rackspace Hosting a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Rackspace Hosting as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. Get the full Rackspace Hosting 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.

3. As of noon trading, TripAdvisor ( TRIP) is down $1.70 (-2.7%) to $61.04 on average volume. Thus far, 1.1 million shares of TripAdvisor exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $60.52-$63.01 after having opened the day at $62.74 as compared to the previous trading day's close of $62.74.

TripAdvisor, Inc., an online travel company, provides trip advisory services. TripAdvisor has a market cap of $8.2 billion and is part of the internet industry. Shares are up 50.7% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate TripAdvisor a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates TripAdvisor as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full TripAdvisor 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.

2. As of noon trading, Research in Motion ( BBRY) is down $0.36 (-3.7%) to $9.28 on heavy volume. Thus far, 21.1 million shares of Research in Motion exchanged hands as compared to its average daily volume of 25.7 million shares. The stock has ranged in price between $9.10-$9.74 after having opened the day at $9.74 as compared to the previous trading day's close of $9.64.

Research In Motion Limited, doing business as BlackBerry, engages in the design, manufacture, and marketing of wireless solutions worldwide. Research in Motion has a market cap of $4.9 billion and is part of the telecommunications industry. Shares are down 19.5% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Research in Motion a buy, 16 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow. Get the full Research in Motion 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.

1. As of noon trading, LinkedIn ( LNKD) is down $1.54 (-0.8%) to $187.80 on light volume. Thus far, 730,421 shares of LinkedIn exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $187.10-$192.17 after having opened the day at $188.69 as compared to the previous trading day's close of $189.34.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $17.6 billion and is part of the internet industry. Shares are up 67.7% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 13 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.

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

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).

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