ACN, LNKD And EMC, 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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 8 points (0.0%) at 17,140 as of Wednesday, Sept. 17, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,738 issues advancing vs. 1,242 declining with 174 unchanged.

The Technology sector currently sits up 0.6% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Rackspace Hosting ( RAX), down 15.9%, Mobile Telesystems OJSC ( MBT), down 4.5%, Yandex ( YNDX), down 3.2%, Activision Blizzard ( ATVI), down 1.9% and SK Telecom ( SKM), down 1.7%. Top gainers within the sector include Tim Participacoes ( TSU), up 2.4%, CenturyLink ( CTL), up 1.9%, Telecom Italia SpA ( TI), up 1.9%, Symantec ( SYMC), up 1.4% and Xerox Corporation ( XRX), up 1.2%.

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

3. Accenture ( ACN) is one of the companies pushing the Technology sector lower today. As of noon trading, Accenture is down $0.44 (-0.6%) to $79.64 on average volume. Thus far, 1.2 million shares of Accenture exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $79.60-$80.21 after having opened the day at $80.11 as compared to the previous trading day's close of $80.09.

Accenture plc provides management consulting, technology, and business process outsourcing (BPO) services worldwide. The company operates through Communications, Media & Technology; Financial Services; Health & Public Service; Products; and Resources segments. Accenture has a market cap of $50.9 billion and is part of the computer software & services industry. Shares are down 2.6% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Accenture a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Accenture 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, increase in stock price during the past year, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Accenture Ratings Report now.

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2. As of noon trading, LinkedIn ( LNKD) is down $2.36 (-1.1%) to $210.02 on average volume. Thus far, 833,160 shares of LinkedIn exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $209.61-$215.47 after having opened the day at $212.99 as compared to the previous trading day's close of $212.38.

LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $22.2 billion and is part of the internet industry. Shares are down 2.0% year-to-date as of the close of trading on Tuesday. Currently there are 18 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates LinkedIn as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full LinkedIn Ratings Report now.

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1. As of noon trading, EMC ( EMC) is down $0.27 (-0.9%) to $29.28 on average volume. Thus far, 5.9 million shares of EMC exchanged hands as compared to its average daily volume of 15.5 million shares. The stock has ranged in price between $29.28-$29.69 after having opened the day at $29.61 as compared to the previous trading day's close of $29.55.

EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It operates in three segments: Information Storage, Information Intelligence Group, and RSA Information Security. EMC has a market cap of $59.8 billion and is part of the computer hardware industry. Shares are up 17.5% year-to-date as of the close of trading on Tuesday. Currently there are 20 analysts that rate EMC a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates EMC 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, 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 EMC 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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