5 Stocks Pulling 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 27 points (-0.2%) at 15,858 as of Tuesday, Dec. 17, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 997 issues advancing vs. 1,953 declining with 153 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the sector include CGG ( CGG), down 16.9%, FactSet Research Systems ( FDS), down 5.2%, Turkcell Iletisim Hizmetleri AS ( TKC), down 3.0%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 2.6% and Kyocera Corporation ( KYO), down 1.6%. Top gainers within the sector include Frontier Communications Corp Class B ( FTR), up 8.3%, Avago Technologies ( AVGO), up 6.5%, SouFun Holdings ( SFUN), up 4.7%, Advanced Semiconductor Engineering ( ASX), up 4.5% and CGI Group ( GIB), up 2.9%.

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

5. Automatic Data Processing ( ADP) is one of the companies pushing the Technology sector lower today. As of noon trading, Automatic Data Processing is down $0.70 (-0.9%) to $76.82 on light volume. Thus far, 465,474 shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $76.62-$77.36 after having opened the day at $76.80 as compared to the previous trading day's close of $77.52.

Automatic Data Processing, Inc., together with its subsidiaries, provides technology-based outsourcing solutions to employers and vehicle retailers and manufacturers worldwide. Automatic Data Processing has a market cap of $37.1 billion and is part of the computer software & services industry. The company has a P/E ratio of 26.9, above the S&P 500 P/E ratio of 17.7. Shares are up 36.2% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Automatic Data Processing a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Automatic Data Processing 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, growth in earnings per share and solid stock price performance. 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 Automatic Data Processing 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, Crown Castle International ( CCI) is down $0.82 (-1.1%) to $71.35 on light volume. Thus far, 978,725 shares of Crown Castle International exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $71.35-$72.41 after having opened the day at $72.21 as compared to the previous trading day's close of $72.17.

Crown Castle International Corp., together with is subsidiaries, owns, operates, and leases shared wireless infrastructure primarily in the United States, Puerto Rico, and Australia. Crown Castle International has a market cap of $24.7 billion and is part of the telecommunications industry. The company has a P/E ratio of 231.0, above the S&P 500 P/E ratio of 17.7. Shares are up 2.4% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Crown Castle International a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Crown Castle International as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and premium valuation. Get the full Crown Castle International 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, Nokia Oyj ( NOK) is down $0.07 (-0.9%) to $7.39 on average volume. Thus far, 20.0 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 30.9 million shares. The stock has ranged in price between $7.31-$7.45 after having opened the day at $7.37 as compared to the previous trading day's close of $7.46.

Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. Nokia Oyj has a market cap of $28.2 billion and is part of the telecommunications industry. Shares are up 90.9% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Nokia Oyj a buy, no analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and good cash flow from operations. 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 Nokia Oyj 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 $3.72 (-1.6%) to $224.37 on light volume. Thus far, 530,026 shares of LinkedIn exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $224.00-$229.48 after having opened the day at $229.03 as compared to the previous trading day's close of $228.09.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $23.3 billion and is part of the internet industry. The company has a P/E ratio of 764.3, above the S&P 500 P/E ratio of 17.7. Shares are up 99.7% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates LinkedIn as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and 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.

1. As of noon trading, International Business Machines ( IBM) is down $2.38 (-1.3%) to $175.47 on average volume. Thus far, 1.9 million shares of International Business Machines exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $175.25-$177.49 after having opened the day at $177.36 as compared to the previous trading day's close of $177.85.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $187.6 billion and is part of the computer software & services industry. The company has a P/E ratio of 12.0, below the S&P 500 P/E ratio of 17.7. Shares are down 9.8% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, expanding profit margins and increase in net income. 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 International Business Machines 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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