TE Connectivity Ltd (TEL): Today's Featured Technology Laggard

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TE Connectivity ( TEL) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.2%. By the end of trading, TE Connectivity fell $0.64 (-1.2%) to $50.71 on average volume. Throughout the day, 1,819,130 shares of TE Connectivity exchanged hands as compared to its average daily volume of 1,628,200 shares. The stock ranged in price between $50.67-$51.18 after having opened the day at $51.08 as compared to the previous trading day's close of $51.35. Other companies within the Technology sector that declined today were: SunEdison ( SUNE), down 24.1%, BOS Better Online Solutions ( BOSC), down 23.5%, Friendfinder Networks ( FFN), down 21.6% and CSP ( CSPI), down 21.5%.

TE Connectivity Ltd., together with its subsidiaries, designs and manufactures products that connect and protect the flow of power and data inside the products used by consumers and industries. TE Connectivity has a market cap of $21.3 billion and is part of the electronics industry. Shares are up 38.3% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate TE Connectivity a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates TE Connectivity as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, 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.

On the positive front, Voltari ( VLTC), up 1607.0%, CSR ( CSRE), up 178.3%, Pixelworks ( PXLW), up 30.0% and SatCon Technology Corporation ( SATC), up 18.5% , were all gainers within the technology sector with Ciena Corporation ( CIEN) being today's featured technology sector leader.

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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