Verizon Communications Inc

(

VZ

) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day down 2.8%. By the end of trading, Verizon Communications Inc fell 84 cents (-2.3%) to $35.35 on average volume. Throughout the day, 12.8 million shares of Verizon Communications Inc exchanged hands as compared to its average daily volume of 16.3 million shares. The stock ranged in price between $35.35-$36.12 after having opened the day at $35.98 as compared to the previous trading day's close of $36.19. Other company's within the Technology sector that declined today were:

Selectica Inc

(

SLTC

), down 16.4%,

Groupon Inc

(

GRPN

), down 15.5%,

China Digital TV

(

STV

), down 14.9%, and

Socket Mobile Inc

(

SCKT

), down 14.3%.

Verizon Communications Inc. provides communication services. The company operates through two segments, Domestic Wireless and Wireline. The Domestic Wireless segment offers wireless voice and data services; and sells equipment in the United States. Verizon Communications Inc has a market cap of $102.12 billion and is part of the

telecommunications

industry. The company has a P/E ratio of 14.5, below the average telecommunications industry P/E ratio of 17.3 and below the S&P 500 P/E ratio of 17.7. Shares are up 1.1% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Verizon as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

On the positive front,

Daystar Technologies Inc

(

DSTI

), up 40%,

Jingwei Internat

(

JNGW

), up 11.3%,

Electro-Sensors Inc

(

ELSE

), up 10.5%, and

Bridgeline Digital Inc

(

BLIN

), up 10%, were all gainers within the technology sector with

Yingli Green Energy Holding Company

(

YGE

) being today's featured technology sector winner.

For investors not wanting singular stock exposure, 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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