YNDX, EMC, BIDU, YHOO And T, Pushing 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 91 points (-0.6%) at 15,838 as of Wednesday, Jan. 29, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 929 issues advancing vs. 2,026 declining with 145 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include CommVault Systems ( CVLT), down 10.2%, BT Group ( BT), down 2.1%, Mobile Telesystems OJSC ( MBT), down 2.4%, VimpelCom ( VIP), down 2.2% and Telefonica Brasil S.A ( VIV), down 2.0%. Top gainers within the sector include Corning ( GLW), up 1.3%, China Telecom ( CHA), up 1.0% and International Business Machines ( IBM), up 0.8%.

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

5. Yandex ( YNDX) is one of the companies pushing the Technology sector lower today. As of noon trading, Yandex is down $1.92 (-5.1%) to $35.76 on heavy volume. Thus far, 2.6 million shares of Yandex exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $35.28-$37.01 after having opened the day at $37.01 as compared to the previous trading day's close of $37.68.

Yandex N.V. operates an Internet search engine in Russia and internationally. Yandex has a market cap of $9.4 billion and is part of the internet industry. The company has a P/E ratio of 46.0, above the S&P 500 P/E ratio of 17.7. Shares are down 12.7% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Yandex a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Yandex as a buy. 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, notable return on equity, solid stock price performance 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 Yandex 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, EMC Corporation ( EMC) is down $0.21 (-0.8%) to $25.17 on heavy volume. Thus far, 23.9 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 21.9 million shares. The stock has ranged in price between $24.45-$25.44 after having opened the day at $25.07 as compared to the previous trading day's close of $25.38.

EMC Corporation, together with its subsidiaries, develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. EMC Corporation has a market cap of $52.2 billion and is part of the computer hardware industry. The company has a P/E ratio of 20.3, above the S&P 500 P/E ratio of 17.7. Shares are up 0.9% year-to-date as of the close of trading on Tuesday. Currently there are 21 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates EMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full EMC 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.

3. As of noon trading, Baidu ( BIDU) is down $2.77 (-1.7%) to $161.47 on average volume. Thus far, 2.1 million shares of Baidu exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $159.20-$163.39 after having opened the day at $163.29 as compared to the previous trading day's close of $164.24.

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 $55.5 billion and is part of the internet industry. The company has a P/E ratio of 29.9, above the S&P 500 P/E ratio of 17.7. Shares are down 7.7% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Baidu a buy, no analysts rate it a sell, and 4 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, solid stock price performance, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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.

2. As of noon trading, Yahoo ( YHOO) is down $2.63 (-6.9%) to $35.59 on heavy volume. Thus far, 33.1 million shares of Yahoo exchanged hands as compared to its average daily volume of 15.9 million shares. The stock has ranged in price between $35.01-$36.31 after having opened the day at $35.77 as compared to the previous trading day's close of $38.22.

Yahoo! Inc., a technology company, provides search, content, and communication tools on the Web and on mobile devices worldwide. Yahoo has a market cap of $37.2 billion and is part of the internet industry. The company has a P/E ratio of 30.8, above the S&P 500 P/E ratio of 17.7. Shares are down 5.5% year-to-date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Yahoo a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels 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 Yahoo 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, AT&T ( T) is down $0.68 (-2.0%) to $33.02 on heavy volume. Thus far, 51.1 million shares of AT&T exchanged hands as compared to its average daily volume of 21.7 million shares. The stock has ranged in price between $32.01-$33.24 after having opened the day at $32.40 as compared to the previous trading day's close of $33.70.

AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. The company operates through Wireless, Wireline, and Other segments. AT&T has a market cap of $176.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 23.3, above the S&P 500 P/E ratio of 17.7. Shares are down 4.2% year-to-date as of the close of trading on Tuesday. Currently there are 9 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 attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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.

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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