BIDU, MU And YHOO, 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 72 points (-0.4%) at 17,208 as of Monday, Sept. 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 456 issues advancing vs. 2,548 declining with 145 unchanged.

The Technology sector currently sits down 1.5% versus the S&P 500, which is down 0.8%. On the negative front, top decliners within the sector include Vipshop Holdings Ltd ADR ( VIPS), down 5.3%, TripAdvisor ( TRIP), down 4.4%, T-Mobile US ( TMUS), down 3.5%, Xerox Corporation ( XRX), down 3.0% and LinkedIn ( LNKD), down 2.8%.

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

3. Baidu ( BIDU) is one of the companies pushing the Technology sector lower today. As of noon trading, Baidu is down $10.98 (-4.9%) to $213.95 on heavy volume. Thus far, 2.8 million shares of Baidu exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $213.01-$223.69 after having opened the day at $222.31 as compared to the previous trading day's close of $224.93.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $80.1 billion and is part of the internet industry. Shares are up 26.4% year-to-date as of the close of trading on Friday. Currently there are 11 analysts that rate Baidu a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Baidu 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, Micron Technology ( MU) is down $1.08 (-3.4%) to $30.54 on average volume. Thus far, 13.5 million shares of Micron Technology exchanged hands as compared to its average daily volume of 24.6 million shares. The stock has ranged in price between $30.41-$31.44 after having opened the day at $31.43 as compared to the previous trading day's close of $31.63.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $34.8 billion and is part of the electronics industry. Shares are up 45.4% year-to-date as of the close of trading on Friday. Currently there are 17 analysts that rate Micron Technology a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Micron Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Micron Technology 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, Yahoo ( YHOO) is down $2.28 (-5.6%) to $38.66 on heavy volume. Thus far, 75.6 million shares of Yahoo exchanged hands as compared to its average daily volume of 24.6 million shares. The stock has ranged in price between $38.22-$40.04 after having opened the day at $39.77 as compared to the previous trading day's close of $40.93.

Yahoo! Inc. operates as a technology company worldwide. Yahoo has a market cap of $41.9 billion and is part of the internet industry. Shares are up 1.2% year-to-date as of the close of trading on Friday. Currently there are 14 analysts that rate Yahoo a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Yahoo 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, solid stock price performance, good cash flow from operations, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Yahoo 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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