3 Stocks Pushing The Technology 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 37 points (0.2%) at 16,217 as of Wednesday, Feb. 26, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 910 declining with 172 unchanged.

The Technology sector currently sits up 1.0% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 3.4%, and Telecom Italia SpA ( TI.A), down 3.0%. Top gainers within the sector include SunEdison ( SUNE), up 8.1%, SolarCity ( SCTY), up 7.5%, Vipshop Holdings ( VIPS), up 7.2%, Yandex ( YNDX), up 5.9% and Avago Technologies ( AVGO), up 4.7%.

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

3. BT Group ( BT) is one of the companies pushing the Technology sector lower today. As of noon trading, BT Group is down $0.63 (-0.9%) to $68.41 on average volume. Thus far, 29,042 shares of BT Group exchanged hands as compared to its average daily volume of 71,600 shares. The stock has ranged in price between $68.21-$68.67 after having opened the day at $68.63 as compared to the previous trading day's close of $69.04.

BT Group plc provides communications services worldwide. It operates in four segments: BT Global Services, BT Retail, BT Wholesale, and Openreach. The BT Global Services segment offers managed networked IT and consulting services to large corporate and public sector customers. BT Group has a market cap of $54.2 billion and is part of the telecommunications industry. Shares are up 9.0% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate BT Group a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates BT Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full BT Group 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, VimpelCom ( VIP) is down $0.16 (-1.6%) to $10.06 on light volume. Thus far, 468,633 shares of VimpelCom exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $9.95-$10.16 after having opened the day at $10.04 as compared to the previous trading day's close of $10.22.

VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. VimpelCom has a market cap of $16.8 billion and is part of the telecommunications industry. Shares are down 20.2% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate VimpelCom a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates VimpelCom as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and weak operating cash flow. Get the full VimpelCom Ratings Report now.

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1. As of noon trading, First Solar ( FSLR) is down $6.35 (-10.9%) to $51.68 on heavy volume. Thus far, 9.1 million shares of First Solar exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $49.52-$52.86 after having opened the day at $50.15 as compared to the previous trading day's close of $58.03.

First Solar, Inc. provides solar energy solutions. It operates in two segments, Components and Systems. The Components segment engages in the design, manufacture, and sale of solar modules that convert sunlight into electricity. First Solar has a market cap of $5.7 billion and is part of the electronics industry. Shares are up 6.2% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate First Solar a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates First Solar 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 solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full First Solar 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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