3 Stocks Pushing The Computer Software & Services Industry Higher
TheStreet Ratings group would like to highlight 3 stocks pushing the computer software & services industry higher today, Nov. 15, 2012.Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 46 points (-0.4%) at 12,524 as of Thursday, Nov. 15, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 887 issues advancing vs. 2,072 declining with 104 unchanged. The Computer Software & Services industry currently sits down 0.2% versus the S&P 500, which is down 0.5%. Top gainers within the industry include Catamaran ( CTRX), up 1.2%, Cognizant Technology Solutions Corporation ( CTSH), up 0.8% and Automatic Data Processing ( ADP), up 0.6%. On the negative front, top decliners within the industry include Velti ( VELT), down 32.3%, F5 Networks ( FFIV), down 1.5%, Red Hat ( RHT), down 1.0%, Wipro ( WIT), down 1.0% and Sap AG ADR ( SAP), down 0.6%. TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today: 3. Thomson Reuters Corporation ( TRI) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Thomson Reuters Corporation is up $0.14 (0.5%) to $27.47 on light volume Thus far, 304,732 shares of Thomson Reuters Corporation exchanged hands as compared to its average daily volume of 852,600 shares. The stock has ranged in price between $27.34-$27.58 after having opened the day at $27.37 as compared to the previous trading day's close of $27.33. Thomson Reuters Corporation provides intelligent information for businesses and professionals worldwide. Thomson Reuters Corporation has a market cap of $22.9 billion and is part of the technology sector. The company has a P/E ratio of -26.4, below the S&P 500 P/E ratio of 17.7. Shares are up 4.1% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Thomson Reuters Corporation a buy, 1 analyst rates it a sell, and 11 rate it a hold. TheStreet Ratings rates Thomson Reuters Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. Get the full Thomson Reuters Corporation Ratings Report now.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.