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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 146 points (0.9%) at 16,972 as of Tuesday, July 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,159 issues advancing vs. 828 declining with 170 unchanged.

The Technology sector currently sits up 1.3% versus the S&P 500, which is up 0.8%. A company within the sector that fell today was Tim Participacoes ( TSU), up 2.9%. Top gainers within the sector include 3D Systems ( DDD), up 13.1%, Stratasys ( SSYS), up 10.9%, Micron Technology ( MU), up 4.2%, Seagate Technology ( STX), up 3.8% and SK Telecom ( SKM), up 3.7%.

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

3. Turkcell Iletisim Hizmetleri AS ( TKC) is one of the companies pushing the Technology sector lower today. As of noon trading, Turkcell Iletisim Hizmetleri AS is down $0.53 (-3.4%) to $15.07 on heavy volume. Thus far, 298,583 shares of Turkcell Iletisim Hizmetleri AS exchanged hands as compared to its average daily volume of 371,000 shares. The stock has ranged in price between $14.99-$15.12 after having opened the day at $15.05 as compared to the previous trading day's close of $15.60.

Turkcell Iletisim Hizmetleri AS establishes and operates a Global System for Mobile Communications (GSM) network in Turkey and regional states. It operates through three segments: Turkcell, Euroasia, and Belarusian Telecom. Turkcell Iletisim Hizmetleri AS has a market cap of $13.8 billion and is part of the telecommunications industry. Shares are up 16.9% year-to-date as of the close of trading on Monday. Currently there is 1 analyst that rates Turkcell Iletisim Hizmetleri AS a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Turkcell Iletisim Hizmetleri AS 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, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Turkcell Iletisim Hizmetleri AS 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, Telefonica Brasil ( VIV) is down $0.26 (-1.3%) to $20.25 on light volume. Thus far, 369,697 shares of Telefonica Brasil exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $20.25-$20.63 after having opened the day at $20.42 as compared to the previous trading day's close of $20.51.

Telefonica Brasil S.A. provides fixed-line telecommunications services to residential and commercial customers in Brazil. Telefonica Brasil has a market cap of $22.9 billion and is part of the telecommunications industry. Shares are up 6.7% year-to-date as of the close of trading on Monday. Currently there are 4 analysts that rate Telefonica Brasil a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Telefonica Brasil as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Telefonica Brasil 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, Acuity Brands ( AYI) is down $18.28 (-13.2%) to $119.97 on heavy volume. Thus far, 1.9 million shares of Acuity Brands exchanged hands as compared to its average daily volume of 469,300 shares. The stock has ranged in price between $119.70-$132.51 after having opened the day at $129.87 as compared to the previous trading day's close of $138.25.

Acuity Brands, Inc. designs, produces, and distributes lighting solutions, components, and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. Acuity Brands has a market cap of $5.9 billion and is part of the electronics industry. Shares are up 26.5% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate Acuity Brands a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Acuity Brands 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, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Acuity Brands 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).

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers