4 Technology Stocks Dragging The Sector Down

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 5 points (0.0%) at 16,485 as of Friday, Dec. 27, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,370 issues advancing vs. 1,569 declining with 149 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Kyocera Corporation ( KYO), down 1.9%, Amazon.com ( AMZN), down 1.0% and Intel ( INTC), down 0.5%. Top gainers within the sector include Alcatel-Lucent ( ALU), up 4.4%, NetEase ( NTES), up 4.3%, Telecom Italia SpA ( TI), up 1.9%, Telecom Italia SpA ( TI.A), up 1.8% and LM Ericsson Telephone Company ( ERIC), up 1.4%.

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

4. CGI Group ( GIB) is one of the companies pushing the Technology sector lower today. As of noon trading, CGI Group is down $1.66 (-4.7%) to $33.97 on average volume. Thus far, 175,121 shares of CGI Group exchanged hands as compared to its average daily volume of 259,000 shares. The stock has ranged in price between $33.89-$35.46 after having opened the day at $35.43 as compared to the previous trading day's close of $35.63.

CGI Group Inc., together with its subsidiaries, provides information technology (IT) and business process services in the Americas, Europe, and the Asia Pacific. CGI Group has a market cap of $9.7 billion and is part of the internet industry. Shares are up 54.0% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate CGI Group a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates CGI Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, impressive record of earnings per share growth and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full CGI Group 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, SK Telecom ( SKM) is down $0.59 (-2.4%) to $24.37 on average volume. Thus far, 503,808 shares of SK Telecom exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $24.15-$24.40 after having opened the day at $24.15 as compared to the previous trading day's close of $24.96.

SK Telecom Co., Ltd. provides wireless telecommunications services principally in Korea. SK Telecom has a market cap of $16.0 billion and is part of the telecommunications industry. Shares are up 57.7% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates SK Telecom a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates SK Telecom as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive 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 shows weak operating cash flow. Get the full SK Telecom 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 $3.01 (-1.4%) to $217.49 on light volume. Thus far, 366,330 shares of LinkedIn exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $217.41-$220.86 after having opened the day at $220.23 as compared to the previous trading day's close of $220.50.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $22.4 billion and is part of the internet industry. Shares are up 92.0% year to date as of the close of trading on Thursday. Currently there are 14 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. 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, Facebook Inc Class A ( FB) is down $0.76 (-1.3%) to $56.96 on light volume. Thus far, 23.9 million shares of Facebook Inc Class A exchanged hands as compared to its average daily volume of 78.4 million shares. The stock has ranged in price between $56.62-$57.68 after having opened the day at $57.48 as compared to the previous trading day's close of $57.73.

Facebook, Inc. operates as a social networking company worldwide. It builds various tools that enable users to connect, share, discover, and communicate with each other on mobile devices and computers. Facebook Inc Class A has a market cap of $109.0 billion and is part of the internet industry. Shares are up 116.9% year to date as of the close of trading on Thursday. Currently there are 28 analysts that rate Facebook Inc Class A a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Facebook Inc Class A as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Facebook Inc Class A 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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