YNDX, YHOO And FB, 3 Technology Stocks Pushing The Sector Lower

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 72 points (0.4%) at 16,112 as of Thursday, Feb. 20, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,810 issues advancing vs. 1,095 declining with 165 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMOV), down 3.9%, China Telecom ( CHA), down 3.5%, America Movil S.A.B. de C.V ( AMX), down 2.1%, China Unicom (Hong Kong ( CHU), down 2.0% and Salesforce.com ( CRM), down 1.1%. Top gainers within the sector include Verizon Communications ( VZ), up 3.2%, Telekomunikasi Indonesia (Persero) Tbk ( TLK), up 2.3%, AT&T ( T), up 1.3%, Emerson Electric ( EMR), up 1.1% and Intel ( INTC), up 1.0%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. Yandex ( YNDX) is one of the companies pushing the Technology sector lower today. As of noon trading, Yandex is down $3.63 (-9.1%) to $36.20 on heavy volume. Thus far, 5.4 million shares of Yandex exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $36.03-$38.97 after having opened the day at $37.66 as compared to the previous trading day's close of $39.83.

Yandex N.V. operates an Internet search engine in Russia and internationally. Yandex has a market cap of $10.4 billion and is part of the internet industry. Shares are down 7.7% year-to-date as of the close of trading on Wednesday. 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.

2. As of noon trading, Yahoo ( YHOO) is down $0.35 (-0.9%) to $37.46 on light volume. Thus far, 4.6 million shares of Yahoo exchanged hands as compared to its average daily volume of 17.1 million shares. The stock has ranged in price between $37.39-$38.04 after having opened the day at $37.83 as compared to the previous trading day's close of $37.81.

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 $38.9 billion and is part of the internet industry. Shares are down 6.5% year-to-date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Yahoo a buy, no analysts rate it a sell, and 13 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, increase in net income, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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, Facebook ( FB) is down $1.37 (-2.0%) to $66.69 on heavy volume. Thus far, 56.9 million shares of Facebook exchanged hands as compared to its average daily volume of 63.3 million shares. The stock has ranged in price between $65.73-$68.45 after having opened the day at $67.73 as compared to the previous trading day's close of $68.06.

Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. Facebook has a market cap of $133.0 billion and is part of the internet industry. Shares are up 24.5% year-to-date as of the close of trading on Wednesday. Currently there are 32 analysts that rate Facebook a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Facebook 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 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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