3 Stocks Pulling The Computer Hardware Industry Downward
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 44 points (-0.2%) at 17,874 as of Wednesday, Nov. 4, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,080 issues advancing vs. 1,836 declining with 168 unchanged.
The Computer Hardware industry currently sits up 0.3% versus the S&P 500, which is down 0.4%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Computer Hardware industry lower today. As of noon trading, Seagate Technology is down $0.62 (-1.6%) to $39.12 on light volume. Thus far, 1.3 million shares of Seagate Technology exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $39.10-$40.00 after having opened the day at $39.59 as compared to the previous trading day's close of $39.74.
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Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. Seagate Technology has a market cap of $11.6 billion and is part of the technology sector. Shares are down 39.3% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Seagate Technology a buy, 4 analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
Seagate Technology
as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and generally higher debt management risk. Get the full
Seagate Technology Ratings Report
now.
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2. As of noon trading,
(
) is down $1.49 (-2.2%) to $67.04 on light volume. Thus far, 993,077 shares of Western Digital exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $66.97-$68.50 after having opened the day at $68.48 as compared to the previous trading day's close of $68.53.
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Western Digital Corporation, together with its subsidiaries, engages in the development, manufacture, sale, and provision of data storage solutions that enable consumers, businesses, governments, and other organizations to create, manage, experience, and preserve digital content worldwide. Western Digital has a market cap of $15.7 billion and is part of the technology sector. Shares are down 38.1% year-to-date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Western Digital a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Western Digital
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins. Get the full
Western Digital Ratings Report
now.
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1. As of noon trading,
(
) is down $0.10 (-0.7%) to $14.20 on light volume. Thus far, 10.8 million shares of HP exchanged hands as compared to its average daily volume of 34.0 million shares. The stock has ranged in price between $14.10-$14.43 after having opened the day at $14.25 as compared to the previous trading day's close of $14.29.
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Hewlett-Packard Company, together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. HP has a market cap of $24.9 billion and is part of the technology sector. Shares are down 64.4% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate HP a buy, 2 analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
HP
as a
. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
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 computer hardware industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the computer hardware industry could consider
ProShares Ultra Short Semiconductor
(
).