3 Stocks Pushing The Technology Sector Downward
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 89 points (0.5%) at 17,572 as of Tuesday, Nov. 17, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,707 issues advancing vs. 1,176 declining with 187 unchanged.
The Technology sector currently sits up 0.5% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include
(
), down 14.0%,
(
), down 7.0%,
(
), down 4.8% and
(
), down 1.9%. Top gainers within the sector include
(
), up 16.1%,
(
), up 6.1%,
(
), up 5.0%,
Telekomunikasi Indonesia (Persero) Tbk
(
), up 4.0% and
(
), up 2.8%.
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, America Movil SAB de CV is down $0.13 (-0.8%) to $15.88 on average volume. Thus far, 1.8 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 $15.71-$15.94 after having opened the day at $15.87 as compared to the previous trading day's close of $16.01.
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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 $53.3 billion and is part of the telecommunications industry. Shares are down 27.8% year-to-date as of the close of trading on Monday. Currently there are 3 analysts that rate America Movil SAB de CV a buy, 3 analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
America Movil SAB de CV
as a
. 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,
Cognizant Technology Solutions
(
) is down $0.88 (-1.3%) to $64.98 on average volume. Thus far, 2.6 million shares of Cognizant Technology Solutions exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $63.27-$65.86 after having opened the day at $65.32 as compared to the previous trading day's close of $65.86.
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Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Cognizant Technology Solutions has a market cap of $40.1 billion and is part of the computer software & services industry. Shares are up 25.1% year-to-date as of the close of trading on Monday. Currently there are 17 analysts that rate Cognizant Technology Solutions a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
Cognizant Technology Solutions
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, reasonable valuation levels, solid stock price performance and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
Cognizant Technology Solutions Ratings Report
now.
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1. As of noon trading,
(
) is down $0.84 (-0.4%) to $197.88 on light volume. Thus far, 1.1 million shares of Baidu exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $196.78-$200.00 after having opened the day at $199.42 as compared to the previous trading day's close of $198.72.
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.
Baidu, Inc. provides Internet search services in China and internationally. Baidu has a market cap of $67.0 billion and is part of the internet industry. Shares are down 12.8% year-to-date as of the close of trading on Monday. 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
. 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and a generally disappointing performance in the stock itself. 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 technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).