3 Stocks Pushing The Technology Sector Lower
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 138 points (0.8%) at 17,628 as of Wednesday, Nov. 18, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,048 issues advancing vs. 870 declining with 189 unchanged.
The Technology sector currently sits up 0.6% versus the S&P 500, which is up 0.8%. On the negative front, top decliners within the sector include
(
), down 8.1%, and
Taiwan Semiconductor Manufacturing
(
), down 1.1%. Top gainers within the sector include
(
), up 2.4%,
(
), up 2.2%,
(
), up 2.0%,
(
), up 1.9% and
(
), up 1.1%.
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, T-Mobile US is down $0.94 (-2.5%) to $37.21 on heavy volume. Thus far, 3.3 million shares of T-Mobile US exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $36.46-$37.78 after having opened the day at $37.61 as compared to the previous trading day's close of $38.15.
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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 $30.9 billion and is part of the telecommunications industry. Shares are up 40.6% year-to-date as of the close of trading on Tuesday. 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
. 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, revenue growth, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
now.
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2. As of noon trading,
(
) is down $6.85 (-8.7%) to $71.57 on heavy volume. Thus far, 3.7 million shares of Citrix Systems exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $71.43-$75.98 after having opened the day at $75.98 as compared to the previous trading day's close of $78.42.
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Citrix Systems, Inc. provides virtualization, mobility management, networking, and Software as a Service solutions worldwide. Citrix Systems has a market cap of $12.2 billion and is part of the computer software & services industry. Shares are up 22.9% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Citrix Systems a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Citrix Systems
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, good cash flow from operations and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full
now.
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1. As of noon trading,
(
) is down $0.62 (-2.1%) to $28.32 on light volume. Thus far, 3.7 million shares of JD.com exchanged hands as compared to its average daily volume of 12.7 million shares. The stock has ranged in price between $27.95-$29.20 after having opened the day at $29.15 as compared to the previous trading day's close of $28.93.
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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 $39.4 billion and is part of the internet industry. Shares are up 25.0% 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 growth in earnings per share. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. 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
(
).