TRI, ADP And ACN, 3 Computer Software & Services Stocks Pushing The Industry Lower
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 163 points (-0.9%) at 17,539 as of Thursday, Nov. 12, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 691 issues advancing vs. 2,260 declining with 136 unchanged.
The Computer Software & Services industry currently sits up 0.1% versus the S&P 500, which is down 0.7%. A company within the industry that fell today was
International Business Machines
(
), up 0.9%. Top gainers within the industry include
(
), up 5.4%,
(
), up 5.0%,
(
), up 2.4%,
(
), up 2.1% and
(
), up 0.7%.
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, Thomson Reuters is down $0.59 (-1.4%) to $40.12 on light volume. Thus far, 319,334 shares of Thomson Reuters exchanged hands as compared to its average daily volume of 990,900 shares. The stock has ranged in price between $40.01-$40.46 after having opened the day at $40.40 as compared to the previous trading day's close of $40.71.
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Thomson Reuters Corporation provides intelligent information for businesses and professionals worldwide. The company sells electronic content and services to professionals primarily on a subscription basis. Thomson Reuters has a market cap of $30.7 billion and is part of the services sector. Shares are up 0.9% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Thomson Reuters a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Thomson Reuters
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full
Thomson Reuters Ratings Report
now.
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2. As of noon trading,
(
) is down $0.56 (-0.6%) to $86.62 on light volume. Thus far, 382,416 shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $86.39-$87.36 after having opened the day at $87.00 as compared to the previous trading day's close of $87.18.
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Automatic Data Processing, Inc., together with its subsidiaries, provides business process outsourcing services worldwide. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. Automatic Data Processing has a market cap of $40.1 billion and is part of the technology sector. Shares are up 4.6% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Automatic Data Processing a buy, 2 analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
Automatic Data Processing
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, growth in earnings per share, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
Automatic Data Processing Ratings Report
now.
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1. As of noon trading,
(
) is down $0.64 (-0.6%) to $104.46 on light volume. Thus far, 558,114 shares of Accenture exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $104.16-$105.23 after having opened the day at $104.78 as compared to the previous trading day's close of $105.10.
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Accenture plc provides management consulting, technology, and outsourcing services worldwide. Accenture has a market cap of $65.6 billion and is part of the technology sector. Shares are up 17.7% 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.
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
(
).