3 Stocks Dragging The Technology Sector Downward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 18 points (0.1%) at 16,551 as of Wednesday, April 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,684 issues advancing vs. 1,250 declining with 198 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include SK Telecom ( SKM), down 4.9%, Qihoo 360 Technology ( QIHU), down 3.4%, China Telecom ( CHA), down 2.8%, NetEase ( NTES), down 2.5% and Vipshop Holdings ( VIPS), down 2.3%. Top gainers within the sector include Acuity Brands ( AYI), up 3.5%, Alcatel-Lucent ( ALU), up 2.2%, Corning ( GLW), up 1.8%, Baidu ( BIDU), up 1.4% and Amphenol ( APH), up 1.5%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. Salesforce.com ( CRM) is one of the companies pushing the Technology sector lower today. As of noon trading, Salesforce.com is down $0.55 (-0.9%) to $58.25 on light volume. Thus far, 2.1 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 6.1 million shares. The stock has ranged in price between $58.05-$59.35 after having opened the day at $59.05 as compared to the previous trading day's close of $58.80.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $34.8 billion and is part of the computer software & services industry. Shares are up 3.4% year-to-date as of the close of trading on Tuesday. Currently there are 26 analysts that rate Salesforce.com a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and weak operating cash flow. Get the full Salesforce.com Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

2. As of noon trading, Oracle Corporation ( ORCL) is down $0.40 (-0.9%) to $41.09 on heavy volume. Thus far, 13.0 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 16.9 million shares. The stock has ranged in price between $41.08-$41.62 after having opened the day at $41.41 as compared to the previous trading day's close of $41.49.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $182.4 billion and is part of the computer software & services industry. Shares are up 8.4% year-to-date as of the close of trading on Tuesday. Currently there are 16 analysts that rate Oracle Corporation a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Oracle Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Oracle Corporation Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1. As of noon trading, Cisco Systems ( CSCO) is down $0.18 (-0.8%) to $22.92 on average volume. Thus far, 20.8 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 44.1 million shares. The stock has ranged in price between $22.76-$23.13 after having opened the day at $23.11 as compared to the previous trading day's close of $23.10.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide. Cisco Systems has a market cap of $115.5 billion and is part of the computer hardware industry. Shares are down 0.1% year-to-date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Cisco Systems a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Cisco Systems Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).
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