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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 17,122 as of Wednesday, Aug. 27, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,632 issues advancing vs. 1,319 declining with 192 unchanged.

The Technology sector currently is unchanged today versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Solera Holdings ( SLH), down 8.8%, Qihoo 360 Technology ( QIHU), down 4.3%, Accenture ( ACN), down 0.7%, eBay ( EBAY), down 0.7% and NTT DoCoMo ( DCM), down 0.6%. Top gainers within the sector include Oi ( OIBR), up 11.3%, AU Optronics ( AUO), up 6.8%, Telecom Italia SpA ( TI), up 4.1%, Telecom Italia SpA ( TI.A), up 3.9% and Applied Materials ( AMAT), up 1.8%.

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

3. TripAdvisor ( TRIP) is one of the companies pushing the Technology sector lower today. As of noon trading, TripAdvisor is down $2.46 (-2.4%) to $102.05 on light volume. Thus far, 417,785 shares of TripAdvisor exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $102.02-$104.44 after having opened the day at $104.07 as compared to the previous trading day's close of $104.51.

TripAdvisor, Inc. operates as an online travel company. TripAdvisor has a market cap of $13.5 billion and is part of the internet industry. Shares are up 26.2% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate TripAdvisor a buy, no analysts rate it a sell, and 9 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 good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. 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.

2. As of noon trading, Qualcomm ( QCOM) is down $0.39 (-0.5%) to $76.62 on average volume. Thus far, 3.6 million shares of Qualcomm exchanged hands as compared to its average daily volume of 8.9 million shares. The stock has ranged in price between $76.49-$77.19 after having opened the day at $77.15 as compared to the previous trading day's close of $77.01.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies. Qualcomm has a market cap of $128.4 billion and is part of the telecommunications industry. Shares are up 3.7% year-to-date as of the close of trading on Tuesday. Currently there are 18 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Qualcomm 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, notable return on equity, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Qualcomm 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, International Business Machines ( IBM) is down $1.23 (-0.6%) to $191.76 on light volume. Thus far, 888,092 shares of International Business Machines exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $191.68-$194.13 after having opened the day at $193.03 as compared to the previous trading day's close of $192.99.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $190.7 billion and is part of the computer software & services industry. Shares are up 2.9% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate International Business Machines a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full International Business Machines 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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