QCOM, INTC And MSFT, Pushing Technology Sector Downward

TheStreet highlights 3 stocks pushing the technology sector lower today.
By TheStreet Wire ,

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 29 points (-0.2%) at 17,702 as of Tuesday, Nov. 10, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,315 issues advancing vs. 1,646 declining with 122 unchanged.

The Technology sector currently sits down 1.4% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include

LM Ericsson Telephone Company

(

ERIC

), down 6.5%,

Hanwha Q CELLS

(

HQCL

), down 4.8%,

T-Mobile US

(

TMUS

), down 3.8%,

JD.com

(

JD

), down 3.1% and

Nokia Oyj

(

NOK

), down 2.8%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3.

Qualcomm

(

QCOM

) is one of the companies pushing the Technology sector lower today. As of noon trading, Qualcomm is down $0.52 (-1.0%) to $52.42 on light volume. Thus far, 4.0 million shares of Qualcomm exchanged hands as compared to its average daily volume of 12.8 million shares. The stock has ranged in price between $51.95-$52.99 after having opened the day at $52.53 as compared to the previous trading day's close of $52.94.

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QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. Qualcomm has a market cap of $80.3 billion and is part of the telecommunications industry. Shares are down 28.8% year-to-date as of the close of trading on Monday. Currently there are 12 analysts that rate Qualcomm a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates

Qualcomm

as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full

Qualcomm Ratings Report

now.

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2. As of noon trading,

Intel

(

INTC

) is down $0.39 (-1.2%) to $32.96 on light volume. Thus far, 9.4 million shares of Intel exchanged hands as compared to its average daily volume of 32.2 million shares. The stock has ranged in price between $32.81-$33.23 after having opened the day at $33.17 as compared to the previous trading day's close of $33.35.

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Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments. Intel has a market cap of $159.7 billion and is part of the electronics industry. Shares are down 8.1% year-to-date as of the close of trading on Monday. Currently there are 19 analysts that rate Intel a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

Intel

as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations, notable return on equity and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full

Intel Ratings Report

now.

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1. As of noon trading,

Microsoft

(

MSFT

) is down $0.56 (-1.0%) to $53.60 on light volume. Thus far, 13.4 million shares of Microsoft exchanged hands as compared to its average daily volume of 36.6 million shares. The stock has ranged in price between $53.44-$54.13 after having opened the day at $54.07 as compared to the previous trading day's close of $54.16.

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Microsoft Corporation, a technology company, develops, licenses, and supports software products, services, and devices worldwide. Microsoft has a market cap of $438.7 billion and is part of the computer software & services industry. Shares are up 16.6% year-to-date as of the close of trading on Monday. Currently there are 14 analysts that rate Microsoft a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Microsoft

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, reasonable valuation levels, expanding profit margins and good cash flow from operations. 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

Microsoft Ratings Report

now.

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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

Technology Select Sector SPDR

(

XLK

) while those bearish on the technology sector could consider

ProShares Ultra Short Technology

(

REW

).

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