Technology Stocks Falling on Wall Street This Morning

Through the early part of trading on Friday, September 2, 2011, these stocks are bringing down the Technology (NYSE:XLK) sector. Technology companies are trading down significantly after a weak U.S. July jobs report and news of a big contract cancelation between Netflix and Starz entertainment. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Hewlett Packard Co. (NYSE:HPQ) is one of the sector losers in price. Its shares are trading at $24.73, down 92 cents (-3.7%) from the previous close of $25.67. Hewlett-Packard Company provides products, technologies, software and services to individual consumers, businesses and large enterprises, including customers in the government.

Stock Price Performance: From July 7, 2011, to September 1, 2011, the stock price had fallen $10.78 (-29.6%) from $36.45 to $25.67. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 7, 2011 when shares rose for seven straight trading days, rising 5.8% (+$2.61). It saw one of its worst periods between May 10, 2011 and May 23, 2011 when shares fell for 10 straight trading days, falling 13.9% (-$5.74).

Rockwell Automation, Inc. (NYSE:ROK) is among the price losers in the sector as its stock price is $60.36, down $2.27 (-3.3%) from the previous close of $62.39. Rockwell Automation Inc. provides industrial automation power, control and information solutions to customers in the manufacturing sector.

Stock Price Performance: From July 6, 2011, to August 31, 2011, the stock price had fallen $23.39 (-26.7%) from $87.52 to $64.13. The stock price saw one of its best stretches over the last year between February 4, 2011 and February 14, 2011 when shares rose for seven straight trading days, rising 8% (+$6.50). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 19.3% (-$16.03).

Xilinx, Inc. (NASDAQ:XLNX) is among the price losers in the sector. Its shares are trading at $29.80, which is $1.08 (-3.4%) below the previous close of $30.83. Xilinx, Inc. designs, develops and markets programmable platforms and predefined system functions delivered as intellectual property cores.

Stock Price Performance: From July 7, 2011, to September 1, 2011, the stock price had fallen $6.04 (-16.4%) from $36.87 to $30.83. The stock price saw one of its best stretches over the last year between October 26, 2010 and November 4, 2010 when shares rose for eight straight trading days, rising 10.1% (+$2.49). It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight straight trading days, falling 10.3% (-$3.80).

Amphenol Corporation (NYSE:APH) stocks are trading at $43.56. This is $2.51 (-5%) below the previous close of $45.83, making the company one of the biggest price losers in the sector today. Amphenol Corporation designs and makes electronic and fiber optic connectors, interconnect systems and coaxial and flat-ribbon cable.

Stock Price Performance: From July 7, 2011, to September 1, 2011, the stock price had fallen $9.72 (-17.5%) from $55.55 to $45.83. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six straight trading days, rising 7.9% (+$4.03). It saw one of its worst periods between February 11, 2011 and February 23, 2011 when shares fell for eight straight trading days, falling 3.6% (-$2.08).

Shares of Seagate Technology (NASDAQ:STX) are trading at $10.81, down 45 cents (-3.8%) from the previous close of $11.24. Seagate Technology PLC is a provider of hard disk drives. It designs, manufactures, markets and sells hard disk drives. It produces a range of disk drive products addressing enterprise applications.

Stock Price Performance: From July 6, 2011, to August 31, 2011, the stock price had fallen $4.52 (-28.1%) from $16.10 to $11.58. The stock price saw one of its best stretches over the last year between April 11, 2011 and April 20, 2011 when shares rose for eight straight trading days, rising 15.7% (+$2.42). It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 25.3% (-$3.69).

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