FSLR, MBLY And T, Pushing Technology Sector Downward
One out of the three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading down 56 points (-0.3%) at 17,863 as of Thursday, July 7, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,647 issues advancing vs. 1,277 declining with 139 unchanged.
The Technology sector currently sits up 0.7% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include
(
), down 4.4%,
(
), down 3.2%,
(
), down 1.2%,
(
), down 0.9% and
(
), down 0.9%. Top gainers within the sector include
(
), up 9.4%,
(
), up 5.0%,
(
), up 3.1%,
(
), up 3.0% and
(
), up 2.5%.
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, First Solar is down $4.50 (-9.2%) to $44.63 on heavy volume. Thus far, 6.9 million shares of First Solar exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $44.50-$47.62 after having opened the day at $47.36 as compared to the previous trading day's close of $49.13.
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First Solar, Inc. provides solar energy solutions in the United States and internationally. It operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells solar modules that convert sunlight into electricity. First Solar has a market cap of $5.0 billion and is part of the electronics industry. Shares are down 25.6% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts that rate First Solar a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
First Solar
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 reasonable valuation levels. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full
now.
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2. As of noon trading,
(
) is down $1.70 (-3.8%) to $43.30 on heavy volume. Thus far, 2.5 million shares of Mobileye exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $42.94-$45.28 after having opened the day at $45.00 as compared to the previous trading day's close of $45.00.
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Mobileye N.V., together with its subsidiaries, develops computer vision and machine learning, data analysis, and localization and mapping for advanced driver assistance systems and autonomous driving technologies primarily in Israel. Mobileye has a market cap of $10.3 billion and is part of the computer software & services industry. Shares are up 6.4% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Mobileye a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Mobileye
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 notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and premium valuation. 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.
1. As of noon trading,
(
) is down $0.60 (-1.4%) to $42.50 on average volume. Thus far, 11.0 million shares of AT&T exchanged hands as compared to its average daily volume of 21.2 million shares. The stock has ranged in price between $42.42-$42.90 after having opened the day at $42.72 as compared to the previous trading day's close of $43.10.
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.
AT&T Inc. provides telecommunications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. AT&T has a market cap of $267.6 billion and is part of the telecommunications industry. Shares are up 25.2% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts that rate AT&T a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
AT&T
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and solid stock price performance. 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.
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
(
).