5 Stocks Dragging In The Technology Sector

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 4 points (0.0%) at 15,449 as of Wednesday, Feb. 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 771 issues advancing vs. 2,156 declining with 142 unchanged.

The Technology sector currently sits down 1.3% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include 3D Systems Corporation ( DDD), down 18.8%, SouFun Holdings ( SFUN), down 8.1%, Cerner Corporation ( CERN), down 6.1%, SolarCity ( SCTY), down 5.9% and Cognizant Technology Solutions Corporation ( CTSH), down 5.3%. Top gainers within the sector include Telecom Italia SpA ( TI), up 2.1%, Corning ( GLW), up 1.4%, ABB ( ABB), up 1.1%, Adobe Systems ( ADBE), up 0.8% and ASML ( ASML), up 0.6%.

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 $1.61 (-2.1%) to $73.34 on average volume. Thus far, 1.2 million shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $72.69-$76.32 after having opened the day at $76.32 as compared to the previous trading day's close of $74.95.

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 $35.7 billion and is part of the computer software & services industry. Shares are down 7.2% year-to-date as of the close of trading on Tuesday. 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, good cash flow from operations, growth in earnings per share, increase in net income 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, Western Digital Corporation ( WDC) is down $1.39 (-1.7%) to $82.11 on average volume. Thus far, 924,042 shares of Western Digital Corporation exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $80.84-$83.91 after having opened the day at $83.05 as compared to the previous trading day's close of $83.50.

Western Digital Corporation, through its subsidiaries, develops, manufactures, and sells storage products and solutions that enable people to create, manage, experience, and preserve digital content. Western Digital Corporation has a market cap of $19.7 billion and is part of the computer hardware industry. Shares are down 0.5% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Western Digital Corporation a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Western Digital Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Western Digital 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, Qihoo 360 Technology ( QIHU) is down $5.36 (-5.6%) to $91.07 on heavy volume. Thus far, 2.5 million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $88.56-$96.32 after having opened the day at $96.08 as compared to the previous trading day's close of $96.43.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $11.6 billion and is part of the internet industry. Shares are up 17.5% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Qihoo 360 Technology as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Qihoo 360 Technology 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, Baidu ( BIDU) is down $4.45 (-2.9%) to $151.37 on average volume. Thus far, 1.8 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 $149.26-$154.72 after having opened the day at $154.26 as compared to the previous trading day's close of $155.82.

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 $52.6 billion and is part of the internet industry. Shares are down 12.4% 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 3 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.

1. As of noon trading, Microsoft Corporation ( MSFT) is down $0.51 (-1.4%) to $35.84 on average volume. Thus far, 24.5 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 40.6 million shares. The stock has ranged in price between $35.80-$36.47 after having opened the day at $36.29 as compared to the previous trading day's close of $36.35.

Microsoft Corporation (Microsoft) develops, licenses, and supports software, services, and hardware devices worldwide. Microsoft Corporation has a market cap of $302.8 billion and is part of the computer software & services industry. Shares are down 2.8% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Microsoft Corporation a buy, 1 analyst rates it a sell, and 10 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 solid stock price performance. 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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