3 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 105 points (0.6%) at 16,554 as of Tuesday, April 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,226 issues advancing vs. 749 declining with 155 unchanged.

The Technology sector currently sits up 1.2% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include Medidata Solutions ( MDSO), down 26.1%, AthenaHealth ( ATHN), down 4.3%, Rogers Communications ( RCI), down 3.2%, Wipro ( WIT), down 2.9% and VimpelCom ( VIP), down 2.6%. Top gainers within the sector include 3D Systems Corporation ( DDD), up 6.7%, SolarCity ( SCTY), up 6.1%, Qihoo 360 Technology ( QIHU), up 4.0%, Workday ( WDAY), up 3.7% and Telecom Italia SpA ( TI.A), up 3.4%.

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

3. Lexmark International ( LXK) is one of the companies pushing the Technology sector lower today. As of noon trading, Lexmark International is down $5.28 (-11.3%) to $41.49 on heavy volume. Thus far, 4.0 million shares of Lexmark International exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $41.34-$44.25 after having opened the day at $44.25 as compared to the previous trading day's close of $46.77.

Lexmark International, Inc., together with its subsidiaries, operates as a developer, manufacturer, and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions worldwide. Lexmark International has a market cap of $2.9 billion and is part of the computer hardware industry. Shares are up 31.7% year-to-date as of the close of trading on Monday. Currently there are no analysts that rate Lexmark International a buy, 3 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Lexmark International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, attractive valuation levels and good cash flow from operations. 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 Lexmark International 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, Hewlett-Packard ( HPQ) is down $0.20 (-0.6%) to $31.74 on average volume. Thus far, 6.3 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 13.2 million shares. The stock has ranged in price between $31.63-$32.07 after having opened the day at $31.89 as compared to the previous trading day's close of $31.94.

Hewlett-Packard Company, together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $60.5 billion and is part of the computer hardware industry. Shares are up 14.2% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Hewlett-Packard a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and attractive valuation levels. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Hewlett-Packard 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, Intel ( INTC) is down $0.20 (-0.7%) to $26.75 on average volume. Thus far, 16.2 million shares of Intel exchanged hands as compared to its average daily volume of 31.1 million shares. The stock has ranged in price between $26.66-$26.98 after having opened the day at $26.91 as compared to the previous trading day's close of $26.95.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $134.5 billion and is part of the electronics industry. Shares are up 3.8% year-to-date as of the close of trading on Monday. Currently there are 11 analysts that rate Intel a buy, 4 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Intel 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, reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Intel 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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