Stock to Sell #5 – Netgear (NTGR)
Netgear (NTGR) provides networking products to consumers, businesses and service providers. Slow growth expectations continue a pattern that began in 2011 with earnings of $2.41. The company earned $2.57 in 2012 and is expected to earn $2.30 this year. Estimates for 2014 are for $2.65, but credibility is low and the stock is in a bear market.
The recent high-volume break under a support line at around $29 that had held since July is confirmation that the downtrend is not over. Sell NTGR at the market.