3 Stocks Dragging The Technology Sector Downward
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 6 points (0.0%) at 17,753 as of Wednesday, Nov. 11, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,244 issues advancing vs. 1,682 declining with 165 unchanged.
The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include
(
), down 14.7%,
(
), down 6.0%,
(
), down 2.7% and
(
), down 1.3%. Top gainers within the sector include
(
), up 5.8%,
(
), up 4.0%,
(
), up 2.9%,
(
), up 2.0% and
(
), up 1.7%.
TheStreet would like to highlight 3 stocks pushing the sector lower today:
3.
(
) is one of the companies pushing the Technology sector lower today. As of noon trading, JD.com is down $0.27 (-1.0%) to $27.93 on average volume. Thus far, 7.5 million shares of JD.com exchanged hands as compared to its average daily volume of 12.1 million shares. The stock has ranged in price between $26.85-$28.49 after having opened the day at $28.44 as compared to the previous trading day's close of $28.20.
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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 $39.3 billion and is part of the internet industry. Shares are up 21.9% year-to-date as of the close of trading on Tuesday. 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
. 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
now.
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2. As of noon trading,
(
) is down $0.62 (-1.8%) to $33.37 on light volume. Thus far, 4.8 million shares of Yahoo exchanged hands as compared to its average daily volume of 17.9 million shares. The stock has ranged in price between $33.02-$34.23 after having opened the day at $34.21 as compared to the previous trading day's close of $33.99.
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Yahoo! Inc. provides search and display advertising services on Yahoo properties and affiliate sites worldwide. Yahoo has a market cap of $31.8 billion and is part of the internet industry. Shares are down 32.7% year-to-date as of the close of trading on Tuesday. Currently there are 19 analysts that rate Yahoo a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Yahoo
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full
now.
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1. As of noon trading,
(
) is down $0.62 (-1.6%) to $39.30 on average volume. Thus far, 6.7 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 16.9 million shares. The stock has ranged in price between $39.02-$39.60 after having opened the day at $39.24 as compared to the previous trading day's close of $39.92.
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Oracle Corporation develops, manufactures, markets, sells, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide. Oracle Corporation has a market cap of $171.0 billion and is part of the computer software & services industry. Shares are down 11.2% year-to-date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Oracle Corporation a buy, 2 analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Oracle Corporation
as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year 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, weak operating cash flow and feeble growth in the company's earnings per share. Get the full
Oracle Corporation 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
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).