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

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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.

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