3 Stocks Pushing The Technology Sector Downward
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 76 points (0.5%) at 15,300 as of Tuesday, July 9, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,101 issues advancing vs. 849 declining with 106 unchanged.
The Technology sector currently sits up 0.4% versus the S&P 500, which is up 1.2%. On the negative front, top decliners within the sector include
(
), down 4.8%,
(
), down 2.6%,
(
), down 1.6% and
(
), down 0.7%. Top gainers within the sector include
(
), up 11.7%,
(
), up 4.1%,
(
), up 3.7%,
Turkcell Iletisim Hizmetleri AS
(
), up 3.3% and
(
), up 2.6%.
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, BT Group is down $0.51 (-1.0%) to $49.51 on heavy volume. Thus far, 104,286 shares of BT Group exchanged hands as compared to its average daily volume of 126,000 shares. The stock has ranged in price between $49.21-$49.59 after having opened the day at $49.55 as compared to the previous trading day's close of $50.02.
BT Group plc provides communications solutions and services worldwide. It operates in four segments: BT Global Services, BT Retail, BT Wholesale, and Openreach. The BT Global Services segment provides managed networked IT services to large corporate and public sector customers. BT Group has a market cap of $39.0 billion and is part of the telecommunications industry. Shares are up 31.5% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate BT Group a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
BT Group
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
2. As of noon trading,
(
) is down $0.77 (-2.2%) to $34.33 on heavy volume. Thus far, 2.2 million shares of Nielsen Holdings exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $34.26-$35.26 after having opened the day at $35.17 as compared to the previous trading day's close of $35.10.
Nielsen Holdings N.V., an information and measurement company, provides media and marketing information, analytics, and industry expertise about what consumers buy and watch on a global and local basis. Nielsen Holdings has a market cap of $13.0 billion and is part of the computer software & services industry. Shares are up 14.7% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Nielsen Holdings a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Nielsen Holdings
as a
. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and disappointing return on equity. Get the full
Nielsen Holdings Ratings Report
now.
1. As of noon trading,
International Business Machines
(
) is down $3.43 (-1.8%) to $191.55 on average volume. Thus far, 2.7 million shares of International Business Machines exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $191.08-$192.80 after having opened the day at $191.79 as compared to the previous trading day's close of $194.98.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. International Business Machines has a market cap of $216.1 billion and is part of the computer software & services industry. Shares are up 1.8% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
International Business Machines
as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
International Business Machines Ratings Report
now.
If you are interested in one of these 5 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
(
).
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