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5 Stocks Pushing The Technology Sector Lower

3. As of noon trading, Sprint Nextel ( S) is down $0.20 (-2.7%) to $7.12 on heavy volume Thus far, 125.4 million shares of Sprint Nextel exchanged hands as compared to its average daily volume of 58.5 million shares. The stock has ranged in price between $7.03-$7.16 after having opened the day at $7.08 as compared to the previous trading day's close of $7.32.

Sprint Nextel Corporation, through its subsidiaries, offers a range of wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. Sprint Nextel has a market cap of $21.8 billion and is part of the telecommunications industry. Shares are up 29.1% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Sprint Nextel a buy, 3 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Sprint Nextel as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk. Get the full Sprint Nextel 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.
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Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

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