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WIT, INFY And CTSH, Pushing Computer Software & Services Industry Downward

Stock quotes in this article: WIT, INFY, CTSH

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 17 points (0.1%) at 16,651 as of Thursday, May 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,820 issues advancing vs. 1,121 declining with 182 unchanged.

The Computer Software & Services industry currently sits up 0.2% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Workday ( WDAY), down 3.7%, and Thomson Reuters ( TRI), down 1.1%. Top gainers within the industry include Salesforce.com ( CRM), up 1.7%, Adobe Systems ( ADBE), up 1.3%, Oracle Corporation ( ORCL), up 1.1% and Accenture ( ACN), up 0.8%.

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

3. Wipro ( WIT) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Wipro is down $0.18 (-1.6%) to $11.26 on light volume. Thus far, 221,666 shares of Wipro exchanged hands as compared to its average daily volume of 598,700 shares. The stock has ranged in price between $11.16-$11.33 after having opened the day at $11.26 as compared to the previous trading day's close of $11.44.

Wipro Limited provides information technology (IT) products and services worldwide. It operates in two segments, IT Services and IT Products. Wipro has a market cap of $28.5 billion and is part of the technology sector. Shares are down 9.1% year-to-date as of the close of trading on Wednesday. Currently there are no analysts that rate Wipro a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Wipro as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Wipro 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.

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