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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 16,759 as of Monday, June 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,419 issues advancing vs. 1,541 declining with 179 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Level 3 Communications ( LVLT), down 5.7%, Telecom Italia SpA ( TI.A), down 3.7%, Telecom Italia SpA ( TI), down 3.5%, Turkcell Iletisim Hizmetleri AS ( TKC), down 2.5% and VimpelCom ( VIP), down 2.2%. Top gainers within the sector include SunEdison ( SUNE), up 8.8%, Nuance Communications ( NUAN), up 7.4%, tw telecom inc ( TWTC), up 6.6% and Micron Technology ( MU), up 1.7%.

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

3. Hewlett-Packard ( HPQ) is one of the companies pushing the Technology sector lower today. As of noon trading, Hewlett-Packard is down $0.31 (-0.9%) to $34.85 on average volume. Thus far, 5.3 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 12.6 million shares. The stock has ranged in price between $34.63-$35.06 after having opened the day at $35.06 as compared to the previous trading day's close of $35.16.

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 $62.2 billion and is part of the computer hardware industry. Shares are up 25.7% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate Hewlett-Packard a buy, 2 analysts rate it a sell, and 10 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 also find weaknesses including weak operating cash flow and poor profit margins. 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.

2. As of noon trading, Baidu ( BIDU) is down $1.58 (-0.9%) to $176.47 on light volume. Thus far, 1.3 million shares of Baidu exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $174.56-$177.47 after having opened the day at $177.45 as compared to the previous trading day's close of $178.05.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $61.8 billion and is part of the internet industry. Shares are up 0.1% year-to-date as of the close of trading on Friday. 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. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. 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.

1. As of noon trading, Yahoo ( YHOO) is down $1.72 (-4.7%) to $35.22 on heavy volume. Thus far, 19.2 million shares of Yahoo exchanged hands as compared to its average daily volume of 22.0 million shares. The stock has ranged in price between $34.77-$35.49 after having opened the day at $35.00 as compared to the previous trading day's close of $36.94.

Yahoo! Inc. operates as a technology company worldwide. Yahoo has a market cap of $36.9 billion and is part of the internet industry. Shares are down 8.7% year-to-date as of the close of trading on Friday. Currently there are 19 analysts that rate Yahoo a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Yahoo 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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