4 Stocks Dragging The Technology Sector Downward

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 108 points (0.7%) at 14,942 as of Wednesday, Sept. 4, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,111 issues advancing vs. 816 declining with 96 unchanged.

The Technology sector currently sits up 1.1% versus the S&P 500, which is up 1.3%. On the negative front, top decliners within the sector include Microsoft Corporation ( MSFT), down 2.0%, and Sap ( SAP), down 0.6%. Top gainers within the sector include Juniper Networks ( JNPR), up 5.5%, Wipro ( WIT), up 4.7%, Telefonica Brasil S.A ( VIV), up 3.3%, Adobe Systems ( ADBE), up 2.6% and Infosys ( INFY), up 2.5%.

TheStreet would like to highlight 4 stocks pushing the sector lower today:

4. Telekomunikasi Indonesia (Persero) Tbk ( TLK) is one of the companies pushing the Technology sector lower today. As of noon trading, Telekomunikasi Indonesia (Persero) Tbk is down $0.97 (-2.6%) to $36.09 on average volume. Thus far, 163,537 shares of Telekomunikasi Indonesia (Persero) Tbk exchanged hands as compared to its average daily volume of 277,900 shares. The stock has ranged in price between $35.85-$36.42 after having opened the day at $36.37 as compared to the previous trading day's close of $37.06.

PT Telekomunikasi Indonesia, Tbk provides network and telecommunication services to individual and home customers, companies, and institutions in Indonesia and internationally. It operates through four segments: Personal, Home, Corporate, and Others. Telekomunikasi Indonesia (Persero) Tbk has a market cap of $93.4 billion and is part of the telecommunications industry. Shares are up 0.3% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Telekomunikasi Indonesia (Persero) Tbk a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Telekomunikasi Indonesia (Persero) Tbk as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Telekomunikasi Indonesia (Persero) Tbk 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, Symantec ( SYMC) is down $0.65 (-2.5%) to $25.43 on heavy volume. Thus far, 5.5 million shares of Symantec exchanged hands as compared to its average daily volume of 6.8 million shares. The stock has ranged in price between $25.24-$25.99 after having opened the day at $25.92 as compared to the previous trading day's close of $26.08.

Symantec Corporation and its subsidiaries provide security, backup, and availability solutions worldwide. Its products and services protect people and information in any digital environment from mobile devices, enterprise data centers, and cloud-based systems. Symantec has a market cap of $17.9 billion and is part of the computer software & services industry. Shares are up 38.6% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Symantec a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Symantec as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Symantec 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, LinkedIn ( LNKD) is down $4.70 (-1.9%) to $241.43 on average volume. Thus far, 1.2 million shares of LinkedIn exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $238.49-$243.42 after having opened the day at $240.59 as compared to the previous trading day's close of $246.13.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $22.5 billion and is part of the internet industry. Shares are up 114.4% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 11 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.

1. As of noon trading, Baidu ( BIDU) is down $1.66 (-1.2%) to $134.51 on average volume. Thus far, 1.7 million shares of Baidu exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $133.70-$137.20 after having opened the day at $137.20 as compared to the previous trading day's close of $136.17.

Baidu, Inc. provides Chinese language Internet search services. It also offers a Chinese language search platform for businesses to reach their customers. Baidu has a market cap of $47.4 billion and is part of the internet industry. Shares are up 35.8% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Baidu a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Baidu 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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