You would think that amid the high tech revolution and the rise of consumer gadgets like the Apple Inc. (NASDAQ:AAPL) iPhone and iPad, tech stocks would be the one safe place to hide in a crazy market. This has been true for the most part, since there has been a slight outperformance of tech in general over the last several months. However, not all information technology stocks are created equal — and some are downright losers that need to be sold immediately.
I watch more than 5,000 publicly traded companies with my Portfolio Grader tool, ranking companies by a number of fundamental and quantitative measures. This week, I have 5 Information technology duds that aren’t communicating with investors.
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.”
Cisco Systems Inc. (NASDAQ:CSCO) designs, manufactures and sells IP-based networking and other products related to the communications and IT industry. CSCO stock has more than underperformed in 2011, down 11% in the last 10 months.
Ericsson (NASDAQ:ERIC) is a Swedish telecommunications company that has come up empty in 2011. Despite strong showings in May and June, ERIC stock is down lately and has lost 11% year-to-date.
Juniper Networks Inc. (NYSE:JNPR) serves the networking requirements of global service providers, enterprises and public sector organizations. JNPR stock has dipped 36%, year-to-date, compared to a 2% gain for the Dow Jones in the same time.
Nokia Corp. (NYSE:NOK) is a consumer electronics developer based in Finland. A 33%, year-to-date, drop for NOK stock has ensured the once-prominent tech company a spot on this list.
Research In Motion (NASDAQ:RIMM) has become a household name for developing its line of Blackberry smartphones. However, as competitors continue to take a larger share of the market, RIMM stock has plummeted 61% year-to-date.
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.
