3 Technology Stocks Dragging The Sector Down

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 65 points (-0.4%) at 17,004 as of Monday, July 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 894 issues advancing vs. 2,148 declining with 116 unchanged.

The Technology sector currently sits down 1.2% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the sector include Telecom Italia SpA ( TI), down 2.6%, Xerox Corporation ( XRX), down 2.6%, Rogers Communications ( RCI), down 2.5%, Telecom Italia SpA ( TI.A), down 2.3% and TELUS ( TU), down 2.2%. Top gainers within the sector include Infosys ( INFY), up 3.3%, Apple ( AAPL), up 0.9%, Sap ( SAP), up 0.6% and Microsoft ( MSFT), up 0.6%.

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

3. LinkedIn ( LNKD) is one of the companies pushing the Technology sector lower today. As of noon trading, LinkedIn is down $3.51 (-2.0%) to $170.20 on light volume. Thus far, 636,644 shares of LinkedIn exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $169.14-$173.52 after having opened the day at $173.21 as compared to the previous trading day's close of $173.71.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $18.3 billion and is part of the internet industry. Shares are down 19.9% year-to-date as of the close of trading on Thursday. Currently there are 19 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates LinkedIn as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full LinkedIn 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.

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