CRTO, GRPN And MSI, Pushing Technology Sector 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 Technology sector currently sits down 0.1% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include
(
), down 7.0%,
Philippine Long Distance Telephone
(
), down 6.5%,
(
), down 5.2%,
(
), down 3.6% and
(
), down 3.3%. Top gainers within the sector include
(
), up 14.9%,
(
), up 4.6%,
Fidelity National Information Services
(
), up 3.7%,
(
), up 3.0% and
Taiwan Semiconductor Manufacturing
(
), 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, Criteo is down $5.86 (-14.0%) to $36.00 on heavy volume. Thus far, 3.2 million shares of Criteo exchanged hands as compared to its average daily volume of 563,900 shares. The stock has ranged in price between $35.01-$38.27 after having opened the day at $37.86 as compared to the previous trading day's close of $41.86.
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Criteo S.A., a technology company, engages in the digital performance marketing in France and internationally. The company leverages granular data to engage and convert customers on behalf of its advertiser clients. Criteo has a market cap of $2.5 billion and is part of the internet industry. Shares are up 3.6% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Criteo a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Criteo
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 impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full
now.
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2. As of noon trading,
(
) is down $1.13 (-28.0%) to $2.90 on heavy volume. Thus far, 54.2 million shares of Groupon exchanged hands as compared to its average daily volume of 8.7 million shares. The stock has ranged in price between $2.78-$2.95 after having opened the day at $2.85 as compared to the previous trading day's close of $4.03.
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Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record. Groupon has a market cap of $2.5 billion and is part of the internet industry. Shares are down 53.6% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Groupon a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Groupon
as a
. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself. Get the full
now.
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1. As of noon trading,
(
) is down $5.91 (-8.3%) to $65.45 on heavy volume. Thus far, 3.4 million shares of Motorola Solutions exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $63.95-$69.23 after having opened the day at $68.10 as compared to the previous trading day's close of $71.36.
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Motorola Solutions, Inc. provides mission-critical communication infrastructure, devices, software, and services in North America, Latin America, the Asia Pacific, the Middle East, Europe, and Africa. The company operates in two segments, Products and Services. Motorola Solutions has a market cap of $14.6 billion and is part of the telecommunications industry. Shares are up 6.4% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Motorola Solutions a buy, 3 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Motorola Solutions
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full
Motorola Solutions 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
(
).