3 Stocks Underperforming Today In The Technology Sector
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 22 points (-0.1%) at 17,716 as of Thursday, Nov. 19, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,449 issues advancing vs. 1,474 declining with 170 unchanged.
The Technology sector currently sits up 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include
(
), down 2.8%, and
(
), down 2.0%. Top gainers within the sector include
(
), up 5.0%,
(
), up 3.9%,
(
), up 3.6%,
(
), up 3.2% and
(
), up 1.9%.
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, Western Digital is down $1.78 (-2.8%) to $62.46 on average volume. Thus far, 1.6 million shares of Western Digital exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $62.33-$64.80 after having opened the day at $64.19 as compared to the previous trading day's close of $64.24.
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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 $14.5 billion and is part of the computer hardware industry. Shares are down 42.0% year-to-date as of the close of trading on Wednesday. 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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2. As of noon trading,
(
) is down $0.79 (-1.5%) to $52.48 on average volume. Thus far, 2.6 million shares of Broadcom exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $52.41-$53.20 after having opened the day at $53.03 as compared to the previous trading day's close of $53.27.
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Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom has a market cap of $29.4 billion and is part of the electronics industry. Shares are up 22.9% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Broadcom a buy, no analysts rate it a sell, and 19 rate it a hold.
TheStreet Ratings rates
Broadcom
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
now.
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1. As of noon trading,
(
) is down $0.40 (-0.7%) to $57.56 on light volume. Thus far, 1.4 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 8.1 million shares. The stock has ranged in price between $57.51-$58.10 after having opened the day at $58.10 as compared to the previous trading day's close of $57.96.
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Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing. Texas Instruments has a market cap of $57.9 billion and is part of the electronics industry. Shares are up 8.4% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Texas Instruments a buy, 1 analyst rates it a sell, and 16 rate it a hold.
TheStreet Ratings rates
Texas Instruments
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, notable return on equity, good cash flow from operations, solid stock price performance and expanding profit margins. 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
Texas Instruments Ratings Report
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
(
).