3 Stocks Dragging In The Computer Software & Services Industry
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 88 points (-0.5%) at 17,785 as of Tuesday, May 31, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,627 issues advancing vs. 1,333 declining with 171 unchanged.
The Computer Software & Services industry currently sits up 0.6% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include
(
), down 1.7%,
Broadridge Financial Solutions
(
), down 1.3%,
(
), down 1.2%,
(
), down 1.1% and
(
), down 1.1%. Top gainers within the industry include
(
), up 33.4%,
(
), up 9.0%,
(
), up 3.9%,
(
), up 3.1% and
(
), up 3.0%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
Fidelity National Information Services
(
) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Fidelity National Information Services is down $0.44 (-0.6%) to $73.97 on light volume. Thus far, 447,165 shares of Fidelity National Information Services exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $73.93-$74.59 after having opened the day at $74.42 as compared to the previous trading day's close of $74.41.
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.
Fidelity National Information Services, Inc., a financial services technology company, offers a range of solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury, and insurance. Fidelity National Information Services has a market cap of $24.3 billion and is part of the technology sector. Shares are up 22.8% year-to-date as of the close of trading on Friday. Currently there are 13 analysts that rate Fidelity National Information Services a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Fidelity National Information Services
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Fidelity National Information Services 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.
2. As of noon trading,
Cognizant Technology Solutions
(
) is down $0.96 (-1.5%) to $61.50 on light volume. Thus far, 1.3 million shares of Cognizant Technology Solutions exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $61.30-$62.63 after having opened the day at $62.60 as compared to the previous trading day's close of $62.46.
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.
Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Cognizant Technology Solutions has a market cap of $37.8 billion and is part of the technology sector. Shares are up 4.0% year-to-date as of the close of trading on Friday. Currently there are 17 analysts that rate Cognizant Technology Solutions a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Cognizant Technology Solutions
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, reasonable valuation levels, growth in earnings per share and increase in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
Cognizant Technology Solutions 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.
1. As of noon trading,
(
) is down $0.54 (-0.6%) to $83.24 on average volume. Thus far, 1.7 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $83.18-$84.06 after having opened the day at $83.68 as compared to the previous trading day's close of $83.77.
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 $56.8 billion and is part of the technology sector. Shares are up 6.8% year-to-date as of the close of trading on Friday. Currently there are 27 analysts that rate Salesforce.com a buy, no analysts rate it a sell, and 3 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 impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. 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
(
).
