3 Stocks Pulling The Technology Sector Downward

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 11 points (-0.1%) at 17,856 as of Thursday, Nov. 5, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,091 issues advancing vs. 1,846 declining with 161 unchanged.

The Technology sector currently sits down 0.7% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include FireEye ( FEYE), down 24.0%, Qualcomm ( QCOM), down 14.0%, SBA Communications ( SBAC), down 10.9%, Micron Technology ( MU), down 4.5% and American Tower ( AMT), down 2.5%. Top gainers within the sector include Autodesk ( ADSK), up 8.2%, Facebook ( FB), up 5.0%, China Telecom ( CHA), up 2.5%, Amazon.com ( AMZN), up 1.7% and SAP SE ( SAP), up 1.1%.

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

3. TELUS ( TU) is one of the companies pushing the Technology sector lower today. As of noon trading, TELUS is down $1.25 (-3.8%) to $32.01 on heavy volume. Thus far, 212,472 shares of TELUS exchanged hands as compared to its average daily volume of 259,000 shares. The stock has ranged in price between $31.75-$32.77 after having opened the day at $32.57 as compared to the previous trading day's close of $33.26.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TELUS Corporation provides a range of telecommunications products and services in Canada. The company operates in two segments, Wireless and Wireline. TELUS has a market cap of $20.1 billion and is part of the telecommunications industry. Shares are down 7.7% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate TELUS a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates TELUS as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and generally higher debt management risk. Get the full TELUS Ratings Report now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

2. As of noon trading, Telefonica Brasil ( VIV) is down $0.43 (-4.0%) to $10.38 on light volume. Thus far, 914,029 shares of Telefonica Brasil exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $10.38-$10.69 after having opened the day at $10.55 as compared to the previous trading day's close of $10.81.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Telefonica Brasil S.A. Telefonica Brasil has a market cap of $18.5 billion and is part of the telecommunications industry. Shares are down 38.9% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Telefonica Brasil a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Telefonica Brasil as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Telefonica Brasil Ratings Report now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

1. As of noon trading, JD.com ( JD) is down $0.78 (-2.7%) to $28.49 on average volume. Thus far, 5.5 million shares of JD.com exchanged hands as compared to its average daily volume of 12.9 million shares. The stock has ranged in price between $27.87-$29.57 after having opened the day at $29.56 as compared to the previous trading day's close of $29.27.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

JD.com, Inc., through its subsidiaries, operates as an online direct sales company in the People's Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, including audio and video products, and books. JD.com has a market cap of $40.2 billion and is part of the internet industry. Shares are up 26.5% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate JD.com a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates JD.com 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 solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full JD.com Ratings Report now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

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).

More from Markets

Bank of America Rips on Earnings Beat, But Analysts See Even More Gains Ahead

Bank of America Rips on Earnings Beat, But Analysts See Even More Gains Ahead

Will Micron Buy Back $10 Billion in Stock? Analyst Says Yes

Will Micron Buy Back $10 Billion in Stock? Analyst Says Yes

Stocks End Mixed as Dow Rises, S&P 500 and Nasdaq Slip

Stocks End Mixed as Dow Rises, S&P 500 and Nasdaq Slip

What to Watch When UnitedHealth Reports Results

What to Watch When UnitedHealth Reports Results

3 Stocks Poised to Move the Markets This Week: Goldman Sachs, Microsoft, GE

3 Stocks Poised to Move the Markets This Week: Goldman Sachs, Microsoft, GE