Amid high unemployment, technology helps businesses boost productivity and stay profitable. Also, the recent surge in consumer spending has shown that some technologies like smartphones have become necessities for American households. That said, not all technology stocks are positioned to profit. The tech companies with the best products are soaring right now, but others who have not evolved risk being left behind.
I watch more than 5,000 publicly traded companies with my Portfolio Grader tool, ranking companies by a number of fundamental and quantitative measures. And this week, I’m suggesting 10 information technology stocks to sell.
Here they are, in alphabetical order. Each one of these stocks gets a “D” or “F” according to my research, meaning it is a “sell” or “strong sell.”
Broadcom Corp. (NASDAQ:BRCM) provides semiconductors for wired and wireless communications. BRCM stock has posted a loss of 30%, year-to-date.
Canon Inc. (NYSE:CAJ) is a Japanese producer of office printers, copy machines and office network devices. In the past 11-and-a-half months, shareholders have watched CAJ stock dip nearly 14%.
Corning Inc. (NYSE:GLW) works with display technologies, telecommunications, environmental technologies, specialty materials and life sciences. GLW stock is down 29%,year-to-date, compared to gains by the broader markets.
Hewlett-Packard Co. (NYSE:HPQ) is a tech company that provides products, solutions and software to a variety of clients. Despite being such a recognizable company in the U.S., HPQ stock is down 33% in 2011.
Infosys Ltd. (NASDAQ:INFY) is an international provider of business consulting, technology, engineering and outsourcing services. INFY stock is down 30% since the start of 2011.
Juniper Networks Inc. (NYSE:JNPR) is a designer, developer, and seller of products and services that provide its customers with network infrastructure. JNPR stock has dropped 37%, year-to-date, compared to a gain of nearly 5% for the Dow Jones in the same time.
NetApp Inc. (NASDAQ:NTAP) provides storage and data management solutions. Like other technology companies, NTAP stock has lost 32% since the start of the year.
Nokia Corp. (NYSE:NOK) is best known for providing wireless services and devices to its customers all over the world. NOK stock is down 48% since the start of 2011.
Salesforce.com Inc. (NYSE:CRM) is engaged with enterprise cloud computing applications. CRM stock has dropped 5% since Jan. 1.
Texas Instruments (NYSE:TXN) designs and produces semiconductors used by electronics producers. TXN hasn’t posted the largest loss on this list, but a nearly 7% drop year-to-date is less than inspiring.
Get more analysis of these picks and other publicly-traded stocks with Louis Navellier’s Portfolio Grader tool, a 100% free stock-rating tool that measures both quantitative buying pressure and eight fundamental factors.