5 Stocks Pushing The Technology Sector Lower

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 72 points (-0.5%) at 15,564 as of Friday, Sept. 20, 2013, 12:54 PM ET. The NYSE advances/declines ratio sits at 854 issues advancing vs. 2,087 declining with 92 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 3.5%, Catamaran ( CTRX), down 3.5%, Kyocera Corporation ( KYO), down 3.0%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 2.4% and LM Ericsson Telephone Company ( ERIC), down 1.6%. Top gainers within the sector include ASML ( ASML), up 2.1%, eBay ( EBAY), up 1.1%, Amazon.com ( AMZN), up 1.1% and NTT DoCoMo ( DCM), up 0.6%.

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

5. LinkedIn ( LNKD) is one of the companies pushing the Technology sector lower today. As of noon trading, LinkedIn is down $6.58 (-2.6%) to $242.48 on average volume. Thus far, 1.0 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 $241.87-$249.55 after having opened the day at $249.51 as compared to the previous trading day's close of $249.06.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $23.3 billion and is part of the internet industry. Shares are up 115.7% year to date as of the close of trading on Thursday. 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. 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.

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, Verizon Communications ( VZ) is down $0.60 (-1.2%) to $47.91 on average volume. Thus far, 8.2 million shares of Verizon Communications exchanged hands as compared to its average daily volume of 11.8 million shares. The stock has ranged in price between $47.67-$48.59 after having opened the day at $48.59 as compared to the previous trading day's close of $48.51.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Verizon Communications has a market cap of $139.0 billion and is part of the telecommunications industry. Shares are up 12.2% year to date as of the close of trading on Thursday. Currently there are 16 analysts that rate Verizon Communications a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Verizon 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, AT&T ( T) is down $0.53 (-1.5%) to $34.28 on heavy volume. Thus far, 17.9 million shares of AT&T exchanged hands as compared to its average daily volume of 21.0 million shares. The stock has ranged in price between $34.24-$34.85 after having opened the day at $34.82 as compared to the previous trading day's close of $34.81.

AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally. The company operates in three segments: Wireless, Wireline, and Other. AT&T has a market cap of $184.6 billion and is part of the telecommunications industry. Shares are up 3.7% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate AT&T a buy, 1 analyst rates it a sell, and 18 rate it a hold.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full AT&T 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, Intel ( INTC) is down $0.18 (-0.8%) to $23.73 on average volume. Thus far, 20.6 million shares of Intel exchanged hands as compared to its average daily volume of 37.8 million shares. The stock has ranged in price between $23.62-$23.96 after having opened the day at $23.94 as compared to the previous trading day's close of $23.92.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $118.3 billion and is part of the electronics industry. Shares are up 15.1% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Intel a buy, 5 analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Intel 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, Microsoft Corporation ( MSFT) is down $0.87 (-2.6%) to $32.77 on heavy volume. Thus far, 50.2 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 53.5 million shares. The stock has ranged in price between $32.68-$33.48 after having opened the day at $33.41 as compared to the previous trading day's close of $33.64.

Microsoft Corporation (Microsoft) develops, licenses, and supports software, services, and hardware devices worldwide. Microsoft Corporation has a market cap of $274.3 billion and is part of the computer software & services industry. Shares are up 24.7% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Microsoft Corporation a buy, no analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates Microsoft Corporation 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, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Microsoft Corporation 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 3 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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