3 Stocks Pulling The Technology Sector Downward

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 24 points (0.1%) at 16,720 as of Tuesday, May 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,382 issues advancing vs. 1,595 declining with 161 unchanged.

The Technology sector currently sits down 0.8% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Dealertrack Technologies ( TRAK), down 12.5%, Telecom Italia SpA ( TI), down 6.4%, Splunk ( SPLK), down 6.0%, Telecom Italia SpA ( TI.A), down 5.8% and Qihoo 360 Technology ( QIHU), down 4.0%. Top gainers within the sector include Rackspace Hosting ( RAX), up 8.2%, Nippon Telegraph & Telephone ( NTT), up 2.0%, Microsoft ( MSFT), up 1.5%, America Movil SAB de CV ( AMOV), up 1.0% and Accenture ( ACN), up 0.7%.

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

3. Baidu ( BIDU) is one of the companies pushing the Technology sector lower today. As of noon trading, Baidu is down $3.98 (-2.5%) to $155.90 on light volume. Thus far, 1.7 million shares of Baidu exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $155.41-$159.61 after having opened the day at $159.39 as compared to the previous trading day's close of $159.88.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $53.5 billion and is part of the internet industry. Shares are down 10.1% year-to-date as of the close of trading on Monday. Currently there are 11 analysts that rate Baidu a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. 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 Baidu 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 $0.31 (-1.3%) to $22.88 on average volume. Thus far, 28.5 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 40.2 million shares. The stock has ranged in price between $22.76-$23.21 after having opened the day at $23.14 as compared to the previous trading day's close of $23.19.

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 $118.6 billion and is part of the computer hardware industry. Shares are up 3.4% 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 $0.24 (-0.7%) to $36.32 on heavy volume. Thus far, 22.3 million shares of AT&T exchanged hands as compared to its average daily volume of 28.8 million shares. The stock has ranged in price between $35.89-$36.54 after having opened the day at $36.48 as compared to the previous trading day's close of $36.57.

AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. AT&T has a market cap of $189.1 billion and is part of the telecommunications industry. Shares are up 4.0% 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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