WWWW, BRCM And MSFT, Pushing 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 up today with the Dow Jones Industrial Average ( ^DJI) trading down 5 points (0.0%) at 16,932 as of Tuesday, June 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,934 issues advancing vs. 1,059 declining with 170 unchanged.

The Technology sector currently sits up 0.4% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include TELUS ( TU), down 1.2%, Eaton ( ETN), down 1.1%, LM Ericsson Telephone Company ( ERIC), down 1.0%, BT Group ( BT), down 0.7% and Verizon Communications ( VZ), down 0.7%. Top gainers within the sector include LG Display ( LPL), up 3.8%, Baidu ( BIDU), up 3.4%, Facebook ( FB), up 2.4%, China Telecom ( CHA), up 2.1% and Corning ( GLW), up 1.8%.

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

3. Web.com Group ( WWWW) is one of the companies pushing the Technology sector lower today. As of noon trading, Web.com Group is down $7.10 (-20.5%) to $27.50 on heavy volume. Thus far, 5.5 million shares of Web.com Group exchanged hands as compared to its average daily volume of 496,900 shares. The stock has ranged in price between $26.32-$31.05 after having opened the day at $31.05 as compared to the previous trading day's close of $34.60.

Web.com Group, Inc. provides Internet services to small businesses in North America, South America, and the United Kingdom. The company offers a range of Web services and products that enable small businesses to establish, maintain, promote, and optimize their online presence. Web.com Group has a market cap of $1.8 billion and is part of the internet industry. Shares are up 8.8% year-to-date as of the close of trading on Monday. Currently there are 9 analysts that rate Web.com Group a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Web.com Group 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 compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Web.com Group 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, Broadcom ( BRCM) is down $0.60 (-1.6%) to $37.28 on heavy volume. Thus far, 6.8 million shares of Broadcom exchanged hands as compared to its average daily volume of 8.2 million shares. The stock has ranged in price between $37.02-$37.91 after having opened the day at $37.88 as compared to the previous trading day's close of $37.89.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom has a market cap of $20.5 billion and is part of the electronics industry. Shares are up 27.8% year-to-date as of the close of trading on Monday. Currently there are 21 analysts that rate Broadcom a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Broadcom 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, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Broadcom 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, Microsoft ( MSFT) is down $0.22 (-0.5%) to $41.78 on light volume. Thus far, 9.5 million shares of Microsoft exchanged hands as compared to its average daily volume of 30.8 million shares. The stock has ranged in price between $41.56-$41.86 after having opened the day at $41.83 as compared to the previous trading day's close of $41.99.

Microsoft Corporation develops, licenses, and supports software, services, and hardware devices. Its Windows division offers Windows operating system; Windows Services suite of applications and Web services, including Outlook.com and SkyDrive; Surface RT and Pro devices; and PC accessories. Microsoft has a market cap of $344.3 billion and is part of the computer software & services industry. Shares are up 12.2% year-to-date as of the close of trading on Monday. Currently there are 10 analysts that rate Microsoft a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Microsoft 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, notable return on equity, reasonable valuation levels, increase in stock price during the past year and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Microsoft 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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