3 Computer Software & Services Stocks Driving The Industry Higher
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.
One out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading up 55 points (0.3%) at 18,183 as of Monday, March 23, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,001 issues advancing vs. 987 declining with 152 unchanged.
The Computer Software & Services industry currently sits up 0.4% versus the S&P 500, which is up 0.2%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Wipro is up $0.10 (0.7%) to $13.87 on light volume. Thus far, 154,129 shares of Wipro exchanged hands as compared to its average daily volume of 557,100 shares. The stock has ranged in price between $13.67-$13.88 after having opened the day at $13.75 as compared to the previous trading day's close of $13.77.
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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 $33.3 billion and is part of the technology sector. Shares are up 21.6% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate Wipro a buy, 2 analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Wipro
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full
now.
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2. As of noon trading,
(
) is up $1.48 (2.9%) to $52.38 on average volume. Thus far, 1.6 million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $50.68-$52.70 after having opened the day at $50.93 as compared to the previous trading day's close of $50.90.
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Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products and services in the People's Republic of China. Qihoo 360 Technology has a market cap of $6.1 billion and is part of the technology sector. Shares are down 11.1% year-to-date as of the close of trading on Friday. Currently there are 6 analysts who rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Qihoo 360 Technology
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally higher debt management risk. Get the full
Qihoo 360 Technology Ratings Report
now.
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1. As of noon trading,
International Business Machines
(
) is up $1.90 (1.2%) to $164.78 on average volume. Thus far, 2.4 million shares of International Business Machines exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $162.73-$165.17 after having opened the day at $162.77 as compared to the previous trading day's close of $162.88.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $158.0 billion and is part of the technology sector. Shares are up 1.5% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate International Business Machines a buy, 2 analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
International Business Machines
as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk. Get the full
International Business Machines Ratings Report
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider
iShares S&P NA Tech Software Idx
(
) while those bearish on the computer software & services industry could consider
ProShares Ultra Short Technology
(
).
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