3 Stocks Raising The Computer Software & Services 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.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 105 points (-0.6%) at 17,872 as of Tuesday, March 31, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,171 issues advancing vs. 1,802 declining with 173 unchanged.
The Computer Software & Services industry currently sits down 0.4% versus the S&P 500, which is down 0.4%. A company within the industry that increased today was
(
), up 1.0%. A company within the industry that fell today was
(
), up 2.8%.
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, Qihoo 360 Technology is up $1.83 (3.6%) to $51.93 on average volume. Thus far, 1.3 million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $49.63-$51.98 after having opened the day at $49.88 as compared to the previous trading day's close of $50.10.
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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 $6.6 billion and is part of the technology sector. Shares are down 12.5% year-to-date as of the close of trading on Monday. 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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2. As of noon trading,
(
) is up $0.51 (0.7%) to $74.11 on average volume. Thus far, 993,396 shares of Adobe Systems exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $72.94-$74.60 after having opened the day at $73.11 as compared to the previous trading day's close of $73.60.
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Adobe Systems Incorporated operates as 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 $36.7 billion and is part of the technology sector. Shares are up 1.2% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who 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, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
now.
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1. As of noon trading,
(
) is up $0.80 (1.2%) to $67.65 on average volume. Thus far, 1.8 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $66.46-$67.96 after having opened the day at $66.59 as compared to the previous trading day's close of $66.85.
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.
salesforce.com, inc. provides enterprise cloud computing solutions, with a focus on customer relationship management to various businesses and industries worldwide. Salesforce.com has a market cap of $43.3 billion and is part of the technology sector. Shares are up 12.7% year-to-date as of the close of trading on Monday. Currently there are 25 analysts who rate Salesforce.com a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Salesforce.com
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. 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
(
).
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