Technology Stocks Getting Dumped Despite Nasdaq Rally: CSCO, EMR, HRS, MOLX, DNB

Through most of the trading day on Wednesday, September 21, 2011, these stocks are bringing down the Technology (NYSE:XLK) sector. 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.

Cisco Systems, Inc. (NASDAQ:CSCO) is one of the sector losers in price. Its shares are trading at $16.29, down 27 cents (-1.5%) from the previous close of $16.53. Cisco Systems, Inc. is a multinational corporation engaged in the design, manufacturing and sales of Internet Protocol-based consumer electronics, networking, and other services related to communications and information technology.

Stock Price Performance: From June 24, 2011, to September 20, 2011, the stock price had risen $1.66 (11.2%) from $14.87 to $16.53. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 8, 2010 when shares rose for seven straight trading days, rising 6.7% (+$1.52). It saw one of its worst periods between April 6, 2011 and April 19, 2011 when shares fell for 10 straight trading days, falling 8.1% (-$1.45).

Emerson Electric Co. (NYSE:EMR) is among the price losers in the sector as its stock price is $45.02, down 49 cents (-1.2%) from the previous close of $45.55. Emerson Electric Co. is a multinational technology company, which designs and supplies product technology. It provides engineering services to a wide gamut of industrial, commercial and consumer markets worldwide.

Stock Price Performance: From July 25, 2011, to September 20, 2011, the stock price had fallen $9.30 (-17%) from $54.85 to $45.55. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine straight trading days, rising 8.5% (+$4.54). It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight straight trading days, falling 5.6% (-$3.26).

Shares of Harris Corporation (NYSE:HRS) are trading at $38.34, down 75 cents (-2%) from the previous close of $39.12. Harris Corp. is an international communications and information technology company serving commercial markets and government.

Stock Price Performance: From August 22, 2011, to September 20, 2011, the stock price had risen $4.52 (13.1%) from $34.60 to $39.12. The stock price saw one of its best stretches over the last year between January 3, 2011 and January 12, 2011 when shares rose for eight straight trading days, rising 6.4% (+$2.84). It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 12.4% (-$5.34).

Molex Incorporated (NASDAQ:MOLX) is one of the sector losers in price. Its shares are trading at $21.14, down 22 cents (-1.1%) from the previous close of $21.38. Molex Inc. manufactures electronic components, including switches, integrated products and electrical and fiber optic interconnection products and systems.

Stock Price Performance: From June 23, 2011, to September 19, 2011, the stock price had fallen $4.38 (-16.9%) from $25.90 to $21.52. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine straight trading days, rising 11.4% (+$2.75). It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 25.7% (-$6.43).

Shares of D&B Corporation (NYSE:DNB) are trading at $64.27, down 90 cents (-1.4%) from the previous close of $65.17. Dun & Bradstreet Corporation produces and sells commercial and business information, services, and research on millions of companies.

Stock Price Performance: From June 24, 2011, to September 20, 2011, the stock price had fallen $8.67 (-11.7%) from $73.84 to $65.17. The stock price saw one of its best stretches over the last year between January 4, 2011 and January 12, 2011 when shares rose for seven straight trading days, rising 4.4% (+$3.49). It saw one of its worst periods between July 28, 2011 and August 4, 2011 when shares fell for six straight trading days, falling 5.3% (-$3.81).

 

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