5 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 39 points (-0.2%) at 16,431 as of Monday, Jan. 6, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,317 issues advancing vs. 1,618 declining with 151 unchanged.

The Technology sector currently sits down 0.4% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include First Solar ( FSLR), down 9.6%, Stratasys ( SSYS), down 5.1%, 3D Systems Corporation ( DDD), down 4.4%, eBay ( EBAY), down 3.0% and Wipro ( WIT), down 2.5%. A company within the sector that increased today was America Movil S.A.B. de C.V ( AMOV), up 1.0%.

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

5. Mobile Telesystems OJSC ( MBT) is one of the companies pushing the Technology sector lower today. As of noon trading, Mobile Telesystems OJSC is down $0.37 (-1.8%) to $20.76 on light volume. Thus far, 727,450 shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $20.72-$21.01 after having opened the day at $20.98 as compared to the previous trading day's close of $21.13.

Mobile TeleSystems OJSC provides mobile and fixed voice, broadband, and pay TV, as well as content and entertainment services in Russia, eastern Europe, and central Asia. Mobile Telesystems OJSC has a market cap of $21.3 billion and is part of the telecommunications industry. The company has a P/E ratio of 21.0, above the S&P 500 P/E ratio of 17.7. Shares are down 2.3% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and feeble growth in the company's earnings per share. Get the full Mobile Telesystems OJSC 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, Adobe Systems ( ADBE) is down $0.84 (-1.4%) to $58.32 on light volume. Thus far, 1.3 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $58.01-$58.77 after having opened the day at $58.06 as compared to the previous trading day's close of $59.16.

Adobe Systems Incorporated operates as a diversified software company worldwide. The company operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. Adobe Systems has a market cap of $29.6 billion and is part of the computer software & services industry. The company has a P/E ratio of 44.2, above the S&P 500 P/E ratio of 17.7. Shares are down 1.2% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Adobe Systems a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Adobe Systems as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Adobe Systems 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, Salesforce.com ( CRM) is down $0.90 (-1.6%) to $54.22 on light volume. Thus far, 1.1 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $54.07-$55.24 after having opened the day at $55.20 as compared to the previous trading day's close of $55.12.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $33.1 billion and is part of the computer software & services industry. Shares are down 0.1% year to date as of the close of trading on Friday. Currently there are 23 analysts that rate Salesforce.com a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. 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 Salesforce.com 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, Accenture PLC Class A ( ACN) is down $0.73 (-0.9%) to $80.67 on light volume. Thus far, 749,444 shares of Accenture PLC Class A exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $80.61-$81.50 after having opened the day at $81.33 as compared to the previous trading day's close of $81.40.

Accenture plc provides management consulting, technology, and business process outsourcing (BPO) services worldwide. The company operates through Communications, Media & Technology; Financial Services; Health & Public Service; Products; and Resources segments. Accenture PLC Class A has a market cap of $51.7 billion and is part of the computer software & services industry. The company has a P/E ratio of 16.2, below the S&P 500 P/E ratio of 17.7. Shares are down 1.0% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Accenture PLC Class A a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Accenture PLC Class A 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, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Accenture PLC 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.

1. As of noon trading, LinkedIn ( LNKD) is down $3.93 (-1.9%) to $203.49 on average volume. Thus far, 1.0 million shares of LinkedIn exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $202.55-$208.14 after having opened the day at $207.67 as compared to the previous trading day's close of $207.42.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $21.1 billion and is part of the internet industry. The company has a P/E ratio of 692.1, above the S&P 500 P/E ratio of 17.7. Shares are down 4.3% year to date as of the close of trading on Friday. 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.

If you are interested in one of these 4 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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