3 Computer Software & Services Stocks Nudging The Industry Higher
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 11 points (-0.1%) at 17,856 as of Thursday, Nov. 5, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,091 issues advancing vs. 1,846 declining with 161 unchanged.
The Computer Software & Services industry currently sits down 1.4% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was
(
), up 1.1%. On the negative front, top decliners within the industry include
(
), down 4.4%,
(
), down 3.4%,
(
), down 3.3%,
Check Point Software Technologies
(
), down 2.2% and
(
), down 1.3%.
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, Eplus is up $21.40 (25.6%) to $104.96 on heavy volume. Thus far, 249,676 shares of Eplus exchanged hands as compared to its average daily volume of 101,200 shares. The stock has ranged in price between $95.46-$109.33 after having opened the day at $96.98 as compared to the previous trading day's close of $83.56.
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ePlus inc., through its subsidiaries, provides information technology (IT) products and services, flexible leasing and financing solutions, and enterprise supply management in the United States. It operates through two segments, Technology and Financing. Eplus has a market cap of $626.2 million and is part of the technology sector. Shares are up 10.4% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Eplus a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Eplus
as a
. 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, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel its 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 $0.25 (1.2%) to $21.15 on light volume. Thus far, 1.9 million shares of Symantec exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $21.00-$21.36 after having opened the day at $21.00 as compared to the previous trading day's close of $20.90.
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Symantec Corporation, together with its subsidiaries, provides security, backup, and availability solutions worldwide. Its products and services protect people and information in various environments from the mobile device and enterprise data center and to cloud-based systems. Symantec has a market cap of $14.3 billion and is part of the technology sector. Shares are down 18.5% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Symantec a buy, 3 analysts rate it a sell, and 14 rate it a hold.
TheStreet Ratings rates
Symantec
as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full
now.
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1. As of noon trading,
(
) is up $4.72 (8.2%) to $62.54 on heavy volume. Thus far, 5.1 million shares of Autodesk exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $60.14-$62.64 after having opened the day at $61.00 as compared to the previous trading day's close of $57.83.
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Autodesk, Inc. operates as a design software and services company worldwide. Autodesk has a market cap of $13.1 billion and is part of the technology sector. Shares are down 3.7% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate Autodesk a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Autodesk
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full
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
(
).