3 Stocks Pushing 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,877 as of Thursday, June 19, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,663 issues advancing vs. 1,297 declining with 187 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include NVIDIA ( NVDA), down 2.5%, Amazon.com ( AMZN), down 1.8%, Broadcom ( BRCM), down 1.2%, Micron Technology ( MU), down 1.0% and Baidu ( BIDU), down 1.1%. Top gainers within the sector include IHS ( IHS), up 3.5%, Red Hat ( RHT), up 2.7%, Nippon Telegraph & Telephone ( NTT), up 2.1%, LG Display ( LPL), up 2.0% and BT Group ( BT), up 1.5%.

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

3. Juniper Networks ( JNPR) is one of the companies pushing the Technology sector lower today. As of noon trading, Juniper Networks is down $0.85 (-3.4%) to $24.40 on heavy volume. Thus far, 5.1 million shares of Juniper Networks exchanged hands as compared to its average daily volume of 6.7 million shares. The stock has ranged in price between $24.33-$25.11 after having opened the day at $25.09 as compared to the previous trading day's close of $25.25.

Juniper Networks, Inc. designs, develops, and sells products and services for high-performance networks worldwide. The company operates in two segments, Platform Systems Division and Software Solutions Division. Juniper Networks has a market cap of $11.9 billion and is part of the computer hardware industry. Shares are up 11.9% year-to-date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Juniper Networks a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Juniper Networks 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Juniper Networks 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, Western Digital ( WDC) is down $1.28 (-1.4%) to $91.71 on light volume. Thus far, 680,225 shares of Western Digital exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $91.51-$93.20 after having opened the day at $92.60 as compared to the previous trading day's close of $92.99.

Western Digital Corporation, through its subsidiaries, develops, manufactures, and sells storage products and solutions that enable people to create, manage, experience, and preserve digital content. Western Digital has a market cap of $21.7 billion and is part of the computer hardware industry. Shares are up 10.8% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Western Digital a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Western Digital 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 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 Western Digital 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, TripAdvisor ( TRIP) is down $2.99 (-2.8%) to $102.25 on light volume. Thus far, 646,344 shares of TripAdvisor exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $102.04-$106.00 after having opened the day at $105.88 as compared to the previous trading day's close of $105.24.

TripAdvisor, Inc. operates as an online travel company. TripAdvisor has a market cap of $13.6 billion and is part of the internet industry. Shares are up 27.1% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts that rate TripAdvisor a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates TripAdvisor as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full TripAdvisor 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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