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 77 points (0.5%) at 17,053 as of Thursday, July 3, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,714 issues advancing vs. 1,323 declining with 126 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is up 0.5%. A company within the sector that fell today was Qihoo 360 Technology ( QIHU), up 2.7%. Top gainers within the sector include Cree ( CREE), up 5.2%, VimpelCom ( VIP), up 3.2%, ASML ( ASML), up 1.7%, Telefonica ( TEF), up 1.4% and Taiwan Semiconductor Manufacturing ( TSM), up 1.4%.

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

3. BT Group ( BT) is one of the companies pushing the Technology sector lower today. As of noon trading, BT Group is down $0.36 (-0.5%) to $66.97 on light volume. Thus far, 31,851 shares of BT Group exchanged hands as compared to its average daily volume of 121,700 shares. The stock has ranged in price between $66.77-$67.18 after having opened the day at $67.11 as compared to the previous trading day's close of $67.33.

BT Group plc provides communications services worldwide. The company operates through BT Global Services, BT Business, BT Consumer, BT Wholesale, and Openreach segments. BT Group has a market cap of $53.3 billion and is part of the telecommunications industry. Shares are up 6.7% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate BT Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates BT Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full BT 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, Mobile Telesystems OJSC ( MBT) is down $0.16 (-0.8%) to $19.10 on average volume. Thus far, 1.2 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $18.98-$19.33 after having opened the day at $19.21 as compared to the previous trading day's close of $19.25.

Mobile TeleSystems OJSC provides a range of mobile and fixed line voice and data telecommunications services in Russia and the CIS. It offers data transfer, broadband, pay-TV, and various value-added services, as well as sells equipment and accessories. Mobile Telesystems OJSC has a market cap of $19.6 billion and is part of the telecommunications industry. Shares are down 11.0% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins, good cash flow from operations 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 Mobile Telesystems OJSC 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, Splunk ( SPLK) is down $1.33 (-2.4%) to $53.75 on average volume. Thus far, 2.1 million shares of Splunk exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $52.24-$55.25 after having opened the day at $55.03 as compared to the previous trading day's close of $55.08.

Splunk, Inc. provides software solutions that provide real-time operational intelligence in the United States and internationally. Splunk has a market cap of $6.7 billion and is part of the computer software & services industry. Shares are down 19.8% year-to-date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Splunk a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Splunk as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. Get the full Splunk 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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