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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 56 points (-0.3%) at 15,939 as of Wednesday, Feb. 12, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,598 issues advancing vs. 1,323 declining with 154 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Amazon.com ( AMZN), down 3.2%, ASML ( ASML), down 1.6%, America Movil S.A.B. de C.V ( AMX), down 0.9%, Telefonica ( TEF), down 0.7% and Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 0.5%. Top gainers within the sector include Automatic Data Processing ( ADP), up 1.4%, Micron Technology ( MU), up 1.4%, Hewlett-Packard ( HPQ), up 1.0%, America Movil S.A.B. de C.V ( AMOV), up 1.2% and Cognizant Technology Solutions Corporation ( CTSH), up 1.0%.

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

5. Rogers Communications ( RCI) is one of the companies pushing the Technology sector lower today. As of noon trading, Rogers Communications is down $1.95 (-4.7%) to $39.58 on heavy volume. Thus far, 565,682 shares of Rogers Communications exchanged hands as compared to its average daily volume of 324,200 shares. The stock has ranged in price between $39.10-$40.09 after having opened the day at $40.01 as compared to the previous trading day's close of $41.53.

Rogers Communications Inc. operates as a communications and media company in Canada. The company's Wireless segment offers voice and high-speed data services, as well mobile devices and accessories. It markets its products and services under the Rogers, Fido, and chatr brands. Rogers Communications has a market cap of $16.4 billion and is part of the telecommunications industry. Shares are down 8.2% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Rogers Communications a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Rogers Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Rogers Communications 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, Thomson Reuters Corporation ( TRI) is down $1.84 (-5.0%) to $34.76 on heavy volume. Thus far, 1.2 million shares of Thomson Reuters Corporation exchanged hands as compared to its average daily volume of 645,200 shares. The stock has ranged in price between $34.41-$35.19 after having opened the day at $35.14 as compared to the previous trading day's close of $36.60.

Thomson Reuters Corporation provides intelligent information for businesses and professionals worldwide. It sells electronic content and services to professionals, primarily on a subscription basis. Thomson Reuters Corporation has a market cap of $29.7 billion and is part of the media industry. Shares are down 3.2% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Thomson Reuters Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Thomson Reuters Corporation as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. Get the full Thomson Reuters 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, LM Ericsson Telephone Company ( ERIC) is down $0.15 (-1.2%) to $12.52 on average volume. Thus far, 1.6 million shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $12.48-$12.58 after having opened the day at $12.50 as compared to the previous trading day's close of $12.67.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates in four segments: Networks, Global Services, Support Solutions, and ST-Ericsson. LM Ericsson Telephone Company has a market cap of $41.2 billion and is part of the telecommunications industry. Shares are up 3.5% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate LM Ericsson Telephone Company a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates LM Ericsson Telephone Company as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full LM Ericsson Telephone Company 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, Intuit ( INTU) is down $2.86 (-3.9%) to $69.86 on heavy volume. Thus far, 2.7 million shares of Intuit exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $69.02-$71.59 after having opened the day at $71.50 as compared to the previous trading day's close of $72.72.

Intuit Inc. provides business and financial management solutions for small businesses, consumers, and accounting professionals in the United States, Canada, the United Kingdom, Australia, India, and Singapore. Intuit has a market cap of $20.4 billion and is part of the computer software & services industry. Shares are down 4.7% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Intuit a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Intuit 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, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Intuit 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 $3.86 (-1.9%) to $198.94 on heavy volume. Thus far, 2.1 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 $198.01-$204.40 after having opened the day at $202.41 as compared to the previous trading day's close of $202.80.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $21.1 billion and is part of the internet industry. Shares are down 6.5% year-to-date as of the close of trading on Tuesday. Currently there are 19 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.

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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