3 Stocks Dragging In The Technology Sector

TheStreet highlights 3 stocks pushing the technology sector lower today.
By TheStreet Wire ,

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 68 points (-0.4%) at 17,730 as of Monday, Nov. 30, 2015, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,462 issues advancing vs. 1,508 declining with 167 unchanged.

The Technology sector currently sits up 0.3% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include

IMS Health Holdings

(

IMS

), down 3.1%,

NTT DoCoMo

(

DCM

), down 2.5%,

America Movil SAB de CV

(

AMOV

), down 1.6%,

Activision Blizzard

(

ATVI

), down 1.2% and

Avago Technologies

(

AVGO

), down 0.9%. Top gainers within the sector include

Computer

(

CSC

), up 5.5%,

Wipro

(

WIT

), up 2.8%,

NXP Semiconductors

(

NXPI

), up 1.8%,

Micron Technology

(

MU

), up 1.8% and

LM Ericsson Telephone

(

ERIC

), up 1.6%.

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

3.

America Movil SAB de CV

(

AMX

) is one of the companies pushing the Technology sector lower today. As of noon trading, America Movil SAB de CV is down $0.26 (-1.6%) to $16.24 on light volume. Thus far, 1.0 million shares of America Movil SAB de CV exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $16.23-$16.45 after having opened the day at $16.42 as compared to the previous trading day's close of $16.51.

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America Movil, S.A.B. de C.V. provides telecommunications services in Mexico and internationally. It offers mobile and fixed voice services, including airtime, local, domestic, and international long-distance services, as well as network interconnection and public telephony services. America Movil SAB de CV has a market cap of $55.7 billion and is part of the telecommunications industry. Shares are down 25.6% year-to-date as of the close of trading on Friday. Currently there are 2 analysts that rate America Movil SAB de CV a buy, 3 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

America Movil SAB de CV

as a

hold

. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full

America Movil SAB de CV Ratings Report

now.

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2. As of noon trading,

T-Mobile US

(

TMUS

) is down $0.86 (-2.3%) to $36.03 on average volume. Thus far, 1.6 million shares of T-Mobile US exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $35.89-$36.80 after having opened the day at $36.71 as compared to the previous trading day's close of $36.89.

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T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets. T-Mobile US has a market cap of $30.2 billion and is part of the telecommunications industry. Shares are up 36.9% year-to-date as of the close of trading on Friday. Currently there are 14 analysts that rate T-Mobile US a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates

T-Mobile US

as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full

T-Mobile US Ratings Report

now.

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1. As of noon trading,

Baidu

(

BIDU

) is down $1.41 (-0.7%) to $204.17 on average volume. Thus far, 2.4 million shares of Baidu exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $202.55-$206.61 after having opened the day at $206.21 as compared to the previous trading day's close of $205.58.

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Baidu, Inc. provides Internet search services in China and internationally. Baidu has a market cap of $69.7 billion and is part of the internet industry. Shares are down 9.8% year-to-date as of the close of trading on Friday. Currently there are 6 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, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Baidu Ratings Report

now.

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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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