3 Stocks Pulling The Computer Software & Services Industry Downward
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%. 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%. A company within the industry that increased today was
(
), up 1.1%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Accenture is down $0.53 (-0.5%) to $105.99 on light volume. Thus far, 528,597 shares of Accenture exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $105.91-$106.96 after having opened the day at $106.52 as compared to the previous trading day's close of $106.52.
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Accenture plc provides management consulting, technology, and business process outsourcing services worldwide. Accenture has a market cap of $67.0 billion and is part of the technology sector. Shares are up 19.3% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Accenture a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Accenture
as a
. 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, solid stock price performance, growth in earnings per share and increase in net income. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
now.
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2. As of noon trading,
(
) is down $1.06 (-1.2%) to $89.95 on light volume. Thus far, 777,795 shares of Adobe Systems exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $89.79-$91.87 after having opened the day at $91.50 as compared to the previous trading day's close of $91.01.
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Adobe Systems Incorporated is a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. Adobe Systems has a market cap of $45.1 billion and is part of the technology sector. Shares are up 25.2% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Adobe Systems a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Adobe Systems
as a
. 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, compelling growth in net income, good cash flow from operations 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
now.
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1. As of noon trading,
International Business Machines
(
) is down $1.76 (-1.2%) to $139.87 on light volume. Thus far, 1.5 million shares of International Business Machines exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $139.63-$142.38 after having opened the day at $141.60 as compared to the previous trading day's close of $141.63.
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International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $137.6 billion and is part of the technology sector. Shares are down 11.7% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate International Business Machines a buy, 2 analysts rate it a sell, and 8 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 increase in net income, good cash flow from operations, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
International Business Machines Ratings Report
now.
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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
(
).