3 Stocks Underperforming Today In The Technology Sector

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,714 as of Tuesday, June 3, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,066 issues advancing vs. 1,889 declining with 193 unchanged.

The Technology sector currently sits down 0.7% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Qihoo 360 Technology ( QIHU), down 3.1%, Thomson Reuters ( TRI), down 1.9%, Adobe Systems ( ADBE), down 1.5%, Wipro ( WIT), down 1.4% and China Telecom ( CHA), down 1.1%. Top gainers within the sector include InterDigital ( IDCC), up 20.1%, Skyworks Solutions ( SWKS), up 5.5%, Applied Materials ( AMAT), up 3.2%, Lam Research ( LRCX), up 3.1% and Broadcom ( BRCM), up 3.0%.

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

3. Oracle Corporation ( ORCL) is one of the companies pushing the Technology sector lower today. As of noon trading, Oracle Corporation is down $0.34 (-0.8%) to $41.63 on light volume. Thus far, 4.4 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 17.3 million shares. The stock has ranged in price between $41.58-$41.92 after having opened the day at $41.84 as compared to the previous trading day's close of $41.97.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $187.4 billion and is part of the computer software & services industry. Shares are up 9.7% year-to-date as of the close of trading on Monday. Currently there are 16 analysts that rate Oracle Corporation a buy, 1 analyst rates it a sell, and 8 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.

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