5 Stocks Dragging In The Technology Sector

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 27 points (0.2%) at 15,548 as of Wednesday, July 31, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,364 issues advancing vs. 1,544 declining with 117 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the sector include Jive Software ( JIVE), down 18.7%, Riverbed Technology ( RVBD), down 11.6%, Telecom Italia SpA ( TI.A), down 6.5%, Telecom Italia SpA ( TI), down 3.7% and Autodesk ( ADSK), down 3.5%. Top gainers within the sector include CGI Group ( GIB), up 10.0%, NeuStar ( NSR), up 9.0%, Symantec ( SYMC), up 8.0%, Garmin ( GRMN), up 5.8% and Youku Tudou ( YOKU), up 5.6%.

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

5. Turkcell Iletisim Hizmetleri AS ( TKC) is one of the companies pushing the Technology sector lower today. As of noon trading, Turkcell Iletisim Hizmetleri AS is down $0.27 (-1.8%) to $14.58 on light volume. Thus far, 80,649 shares of Turkcell Iletisim Hizmetleri AS exchanged hands as compared to its average daily volume of 417,600 shares. The stock has ranged in price between $14.49-$14.71 after having opened the day at $14.66 as compared to the previous trading day's close of $14.85.

Turkcell Iletisim Hizmetleri A.S. engages in establishing and operating a global system for mobile communications network primarily in Turkey. It provides mobile voice, broadband, and other services on postpaid and prepaid basis. Turkcell Iletisim Hizmetleri AS has a market cap of $12.9 billion and is part of the telecommunications industry. Shares are down 8.0% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Turkcell Iletisim Hizmetleri AS a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Turkcell Iletisim Hizmetleri AS 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, notable return on equity, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Turkcell Iletisim Hizmetleri AS 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, Rogers Communications ( RCI) is down $0.51 (-1.2%) to $40.14 on heavy volume. Thus far, 488,453 shares of Rogers Communications exchanged hands as compared to its average daily volume of 630,900 shares. The stock has ranged in price between $40.12-$41.14 after having opened the day at $40.89 as compared to the previous trading day's close of $40.65.

Rogers Communications Inc. operates as a communications and media company in Canada. The company's Wireless segment offers voice and high-speed data services, as well mobile devices and accessories. It markets its products and services under the Rogers, Fido, and chatr brands. Rogers Communications has a market cap of $16.4 billion and is part of the telecommunications industry. Shares are down 10.7% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Rogers Communications a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Rogers Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Rogers Communications 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, LM Ericsson Telephone Company ADR Class B ( ERIC) is down $0.06 (-0.6%) to $11.78 on light volume. Thus far, 854,642 shares of LM Ericsson Telephone Company ADR Class B exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $11.75-$11.83 after having opened the day at $11.79 as compared to the previous trading day's close of $11.84.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates in four segments: Networks, Global Services, Support Solutions, and ST-Ericsson. LM Ericsson Telephone Company ADR Class B has a market cap of $38.9 billion and is part of the telecommunications industry. Shares are up 17.2% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate LM Ericsson Telephone Company ADR Class B a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates LM Ericsson Telephone Company ADR Class B as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full LM Ericsson Telephone Company ADR Class B 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, IAC/InterActiveCorp ( IACI) is down $3.09 (-5.9%) to $49.54 on heavy volume. Thus far, 1.7 million shares of IAC/InterActiveCorp exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $49.48-$53.31 after having opened the day at $52.95 as compared to the previous trading day's close of $52.63.

IAC/InterActiveCorp operates as a media and Internet company in the United States and internationally. IAC/InterActiveCorp has a market cap of $4.3 billion and is part of the internet industry. Shares are up 9.6% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate IAC/InterActiveCorp a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates IAC/InterActiveCorp as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth, attractive valuation levels, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full IAC/InterActiveCorp 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, Yahoo ( YHOO) is down $0.35 (-1.2%) to $27.70 on average volume. Thus far, 7.7 million shares of Yahoo exchanged hands as compared to its average daily volume of 18.6 million shares. The stock has ranged in price between $27.57-$28.02 after having opened the day at $27.92 as compared to the previous trading day's close of $28.05.

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 $30.2 billion and is part of the internet industry. Shares are up 40.3% year to date as of the close of trading on Tuesday. Currently there are 10 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 solid stock price performance, compelling growth in net income, notable return on equity, reasonable valuation levels and expanding profit margins. 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 Yahoo 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).

null

More from Markets

Dow Tumbles as Trump Calls Off North Korea Summit

Dow Tumbles as Trump Calls Off North Korea Summit

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Stocks Could Easily Crater Into Memorial Day Weekend

Stocks Could Easily Crater Into Memorial Day Weekend

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Celgene Shares Rise on Plans to Increase Stock Buybacks

Celgene Shares Rise on Plans to Increase Stock Buybacks