3 Stocks Dragging In The Technology Sector

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 7 points (0.0%) at 17,628 as of Monday, Nov. 17, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,137 issues advancing vs. 1,826 declining with 176 unchanged.

The Technology sector currently sits down 1.1% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include LinkedIn ( LNKD), down 4.9%, China Telecom ( CHA), down 4.0%, Nokia Oyj ( NOK), down 2.5%, Taiwan Semiconductor Manufacturing ( TSM), down 2.5% and T-Mobile US ( TMUS), down 2.2%. A company within the sector that increased today was SAP SE ( SAP), up 0.8%.

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

3. Micron Technology ( MU) is one of the companies pushing the Technology sector lower today. As of noon trading, Micron Technology is down $0.69 (-2.1%) to $31.93 on light volume. Thus far, 7.5 million shares of Micron Technology exchanged hands as compared to its average daily volume of 25.0 million shares. The stock has ranged in price between $31.69-$32.20 after having opened the day at $31.90 as compared to the previous trading day's close of $32.62.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Micron Technology, Inc., together with its subsidiaries, provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems. Micron Technology has a market cap of $35.4 billion and is part of the electronics industry. Shares are up 50.0% 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, notable return on equity, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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.

2. As of noon trading, Baidu ( BIDU) is down $7.90 (-3.2%) to $241.80 on average volume. Thus far, 2.6 million shares of Baidu exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $238.25-$250.00 after having opened the day at $249.45 as compared to the previous trading day's close of $249.70.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $85.6 billion and is part of the internet industry. Shares are up 40.4% year-to-date as of the close of trading on Friday. Currently there are 12 analysts that rate Baidu a buy, no analysts rate it a sell, and 1 rates 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, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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.

1. As of noon trading, Yahoo ( YHOO) is down $0.71 (-1.4%) to $51.04 on light volume. Thus far, 11.4 million shares of Yahoo exchanged hands as compared to its average daily volume of 36.7 million shares. The stock has ranged in price between $50.94-$52.00 after having opened the day at $51.83 as compared to the previous trading day's close of $51.75.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Yahoo! Inc. operates as a technology company worldwide. Yahoo has a market cap of $47.8 billion and is part of the internet industry. Shares are up 28.0% year-to-date as of the close of trading on Friday. Currently there are 16 analysts that rate Yahoo a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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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