Canaccord’s Tech Stocks to Avoid in 2012

Canaccord Genuity is out with the stocks they hate for next year. The list includes these big stocks: Research in Motion (NASDAQ:RIMM), Netflix (NASDAQ:NFLX) and Intel (NASDAQ:INTC).

Canaccord also recommends avoiding: Powerwave Technologies (NASDAQ:PWAV), Ericsson (NASDAQ:ERIC), and Intuit (NASDAQ:INTU). Intel makes the list because Canaccord projects worse than expected fallout from inventory issues. Intuit is scarred thanks to steep valuation in the face of ongoing SMB demand weakness. Lastly, Ericsson gets the frown due to margin pressure from sales and macro challenges.

Here’s how all these stocks are trading now:

Research In Motion Limited (NASDAQ:RIMM): RIMM shares recently traded at $13.45, down $1.68, or 11.1%. They have traded in a 52-week range of $14.80 to $70.54. Volume today was 42,424,091 shares versus a 3-month average volume of 22,883,900 shares. The company’s trailing P/E is 2.46, while trailing earnings are $5.48 per share. About the company: Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications. Get the most recent company news and stock data here >>

Netflix, Inc. (NASDAQ:NFLX): NFLX shares recently traded at $69.39, down $0.33, or 0.47%. They have traded in a 52-week range of $62.37 to $304.79. Volume today was 1,894,448 shares versus a 3-month average volume of 10,259,600 shares. The company’s trailing P/E is 15.77, while trailing earnings are $4.40 per share. About the company: Netflix Inc. is an online movie rental service. The Company ships DVDs with no due dates or late fees, directly to the subscriber’s address. Netflix also provides background information on DVD releases, including critic reviews, member reviews and ratings, and personalized movie recommendations. Get the most recent company news and stock data here >>

Intel Corporation (NASDAQ:INTC): INTC shares recently traded at $23.47, up $0.16, or 0.69%. They have traded in a 52-week range of $19.16 to $25.78. Volume today was 35,349,070 shares versus a 3-month average volume of 64,130,500 shares. The company’s trailing P/E is 10.16, while trailing earnings are $2.31 per share. About the company: Intel Corporation designs, manufactures, and sells computer components and related products. The Company’s major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products. Get the most recent company news and stock data here >>

Powerwave Technologies Inc. (NASDAQ:PWAV): PWAV shares recently traded at $1.51, down $0.1, or 6.21%. They have traded in a 52-week range of $1.59 to $24.35. Volume today was 511,532 shares versus a 3-month average volume of 636,770 shares. The company’s trailing earnings are $-0.89 per share. About the company: Powerwave Technologies, Inc. designs, manufactures, and markets wireless communications products. The Company’s products including antennas, boosters, combiners, filters, radio frequency power amplifiers, repeaters, tower-mounted amplifiers, and advanced coverage solutions. Powerwave also operates a contract manufacturing business under the trade name of Arkivator. Get the most recent company news and stock data here >>

LM Ericsson Telephone Co. (NASDAQ:ERIC): ERIC shares recently traded at $9.36, down $0.26, or 2.7%. They have traded in a 52-week range of $8.83 to $15.44. Volume today was 2,235,623 shares versus a 3-month average volume of 5,545,440 shares. The company’s trailing P/E is 13.76, while trailing earnings are $0.68 per share. About the company: Telefonaktiebolaget LM Ericsson develops and manufactures products for wired and mobile communications in public and private networks. The Company produces mobile telephones through its Sony Ericsson joint venture. Ericsson manufactures and installs wired and wireless communications systems, wireless microwave links, call center equipment, microelectronics, and radar systems. Get the most recent company news and stock data here >>

Intuit Inc. (NASDAQ:INTU): INTU shares recently traded at $51.71, up $0.42, or 0.82%. They have traded in a 52-week range of $39.87 to $56.46. Volume today was 1,143,485 shares versus a 3-month average volume of 2,497,050 shares. The company’s trailing P/E is 25.27, while trailing earnings are $2.05 per share. About the company: Intuit Inc. develops and markets business and financial management software solutions for small and medium sized businesses, financial institutions, consumers, and accounting professionals The Company provides software for small business management and payroll processing, personal finance, and tax preparation and filing. Get the most recent company news and stock data here >>

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