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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 83 points (-0.5%) at 16,448 as of Tuesday, May 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,223 issues advancing vs. 1,760 declining with 164 unchanged.

The Technology sector currently sits down 0.6% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include AthenaHealth ( ATHN), down 13.4%, Yelp ( YELP), down 7.5%, TripAdvisor ( TRIP), down 3.3%, NetApp ( NTAP), down 2.3% and Amazon.com ( AMZN), down 2.2%. Top gainers within the sector include Avago Technologies ( AVGO), up 4.8%, 3D Systems ( DDD), up 4.5%, Alcatel-Lucent ( ALU), up 3.3%, Taiwan Semiconductor Manufacturing ( TSM), up 1.9% and Micron Technology ( MU), up 1.2%.

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

3. LinkedIn Corp Class A ( LNKD) is one of the companies pushing the Technology sector lower today. As of noon trading, LinkedIn Corp Class A is down $5.01 (-3.3%) to $145.90 on average volume. Thus far, 2.1 million shares of LinkedIn Corp Class A exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $145.40-$151.26 after having opened the day at $150.48 as compared to the previous trading day's close of $150.91.

LinkedIn Corporation operates an online professional network. LinkedIn Corp Class A has a market cap of $15.5 billion and is part of the internet industry. Shares are down 30.4% year-to-date as of the close of trading on Monday. Currently there are 21 analysts that rate LinkedIn Corp Class A a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates LinkedIn Corp Class A as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, unimpressive growth in net income, disappointing return on equity and premium valuation. Get the full LinkedIn Corp Class A 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, Cisco Systems ( CSCO) is down $0.23 (-1.0%) to $22.72 on light volume. Thus far, 10.5 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 42.2 million shares. The stock has ranged in price between $22.66-$22.89 after having opened the day at $22.84 as compared to the previous trading day's close of $22.96.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide. Cisco Systems has a market cap of $118.2 billion and is part of the computer hardware industry. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are up 2.3% year-to-date as of the close of trading on Monday. Currently there are 18 analysts that rate Cisco Systems a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Cisco Systems 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, AT&T ( T) is down $0.20 (-0.6%) to $35.56 on average volume. Thus far, 12.2 million shares of AT&T exchanged hands as compared to its average daily volume of 30.4 million shares. The stock has ranged in price between $35.55-$35.76 after having opened the day at $35.76 as compared to the previous trading day's close of $35.76.

AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. AT&T has a market cap of $185.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 10.4, below the S&P 500 P/E ratio of 17.7. Shares are up 1.7% year-to-date as of the close of trading on Monday. Currently there are 9 analysts that rate AT&T a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, 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 has had sub par growth in net income. Get the full AT&T 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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