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.

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, Baidu ( BIDU) is down $3.63 (-2.2%) to $163.62 on light volume. Thus far, 1.6 million shares of Baidu exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $163.14-$167.19 after having opened the day at $167.00 as compared to the previous trading day's close of $167.25.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $58.1 billion and is part of the internet industry. Shares are down 6.8% year-to-date as of the close of trading on Monday. Currently there are 11 analysts that rate Baidu a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Baidu 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, Microsoft ( MSFT) is down $0.35 (-0.9%) to $40.44 on light volume. Thus far, 8.3 million shares of Microsoft exchanged hands as compared to its average daily volume of 33.3 million shares. The stock has ranged in price between $40.29-$40.68 after having opened the day at $40.60 as compared to the previous trading day's close of $40.79.

Microsoft Corporation develops, licenses, and supports software, services, and hardware devices. Its Windows division offers Windows operating system; Windows Services suite of applications and Web services, including Outlook.com and SkyDrive; Surface RT and Pro devices; and PC accessories. Microsoft has a market cap of $338.2 billion and is part of the computer software & services industry. Shares are up 9.0% year-to-date as of the close of trading on Monday. Currently there are 9 analysts that rate Microsoft a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates Microsoft as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels, increase in stock price during the past year and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Microsoft 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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