3 Stocks Pushing The Technology Sector Lower

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 29 points (0.2%) at 18,546 as of Friday, July 22, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,820 issues advancing vs. 1,037 declining with 178 unchanged.

The Technology sector currently sits up 0.7% versus the S&P 500, which is up 0.3%. A company within the sector that fell today was America Movil SAB de CV ( AMOV), up 1.3%. Top gainers within the sector include Advanced Micro Devices ( AMD), up 10.3%, Qualcomm ( QCOM), up 1.9%, eBay ( EBAY), up 1.9%, Telefonica ( TEF), up 1.8% and NVIDIA ( NVDA), up 1.8%.

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

3. athenahealth ( ATHN) is one of the companies pushing the Technology sector lower today. As of noon trading, athenahealth is down $16.91 (-12.3%) to $120.29 on heavy volume. Thus far, 1.6 million shares of athenahealth exchanged hands as compared to its average daily volume of 363,500 shares. The stock has ranged in price between $120.00-$126.00 after having opened the day at $123.00 as compared to the previous trading day's close of $137.20.

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athenahealth, Inc., together with its subsidiaries, provides cloud-based services and mobile applications for medical groups and health systems. The company provides services through athenaNet, a cloud-based platform. Athenahealth has a market cap of $5.4 billion and is part of the computer software & services industry. Shares are down 14.8% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts that rate athenahealth a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates athenahealth as a hold. 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 athenahealth Ratings Report now.

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2. As of noon trading, America Movil SAB de CV ( AMX) is down $0.20 (-1.6%) to $12.58 on average volume. Thus far, 2.0 million shares of America Movil SAB de CV exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $12.57-$12.84 after having opened the day at $12.78 as compared to the previous trading day's close of $12.78.

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America Movil, S.A.B. de C.V. provides telecommunications services in Mexico and internationally. It offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services, as well as network interconnection and public telephony services. America Movil SAB de CV has a market cap of $42.2 billion and is part of the telecommunications industry. Shares are down 9.1% year-to-date as of the close of trading on Thursday. Currently there are no analysts that rate America Movil SAB de CV a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates America Movil SAB de CV as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins 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, deteriorating net income and generally higher debt management risk. Get the full America Movil SAB de CV Ratings Report now.

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1. As of noon trading, Skyworks Solutions ( SWKS) is down $5.99 (-8.4%) to $64.93 on heavy volume. Thus far, 9.2 million shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $62.40-$67.15 after having opened the day at $66.74 as compared to the previous trading day's close of $70.92.

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Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Skyworks Solutions has a market cap of $13.2 billion and is part of the electronics industry. Shares are down 7.7% year-to-date as of the close of trading on Thursday. Currently there are 14 analysts that rate Skyworks Solutions a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Skyworks Solutions as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Skyworks Solutions 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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