The market seems to be going strong after a breakout
September, with the Dow up over +10% since August 31 and the
tech-heavy NASDAQ up +13%. But a rising tide does not lift all
boats, and a number of technology stocks continue to fall behind
- and are in danger of further declines as we enter another
I currently have 9 big name tech blue chips on my "dogs with
fleas" list as stocks to avoid this fall. As Q3 numbers roll out
for these technology giants, it could be bad news for
Here are 9 famous tech companies to consider selling now:
Nokia Corp. ADR
) has watched its stock slide -29.7% since the start of
April. The cell phone provider has also missed earnings
estimates the past two quarters. In such a competitive
industry, Nokia is having a hard time challenging
) is not far removed from its 52-week low of $12.94, with a stock
price of $14.44. Since January, this online media company's
stock has dropped nearly -14%, compared to modest gains by the
broader markets, and appears to be losing the battle against
) has seen its stock price decline -11.7% over the past 12
months. This tech stock has had an up-and-down 2010, and
has seen its earnings dwindle from 49 cents last December to just
6 cents in June. A rough video game market persists, and this
studio could post weak numbers again.
) stock has slid -20.2% year-to-date. Currently trading at
$41.13, HPQ is far from its 52-week high of $54.75. Over
the past four quarters, Hewlett-Packard has outperformed earning
estimates by just six cents combined. The company will need
more juice to move the needle this time, and likely won't get
Adobe Systems Inc.
) is a diversified software company that has experienced a -25.6%
drop in stock in 2010. It's been a while since ADBE posted
impressive numbers, as the stock is down -6.2% over the past five
years. Adobe is trading at $27.34, just $2 above its
) is another tech stock worth dumping. Since last October,
Dell has watched its stock fall -13.5% compared to small gains by
the broader markets. Since late April, DELL stock is down
-21.7% - and an earnings miss could send this stock down even
Cisco Systems Inc.
) designs, manufactures and sells IP-based networking. Over
the past 12 months, CSCO stock has declined -6%. At $22.60,
Cisco is well below its 52-week high of $27.74.
Research In Motion
) has posted dreadful numbers, despite being the designer and
manufacturer of the popular Blackberry smartphone. In the
last year, this tech stock's price has fallen -28.7%. Since
late March, RIMM stock is down -33.1% and continued erosion of
its marketshare could hurt earnings again.
) may have a market cap of $213 billion, but its stock should be
sold nonetheless. Since January, MSFT stock is down -19.2%.
Trading at $24.62, this tech stock is just above its yearly low
As of this writing, Louis Navellier did not own a position
in any of the stocks named here.
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