Computer Software & Services Stocks On The Rise With Help From 3 Stocks
One out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading up 25 points (0.1%) at 17,526 as of Monday, May 23, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,545 issues advancing vs. 1,371 declining with 153 unchanged.
The Computer Software & Services industry currently sits up 0.5% versus the S&P 500, which is down 0.1%. A company within the industry that fell today was
(
), up 0.8%.
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, Red Hat is up $1.50 (2.1%) to $74.68 on light volume. Thus far, 497,097 shares of Red Hat exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $74.05-$74.91 after having opened the day at $74.20 as compared to the previous trading day's close of $73.17.
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Red Hat, Inc. provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide. Red Hat has a market cap of $13.1 billion and is part of the technology sector. Shares are down 11.6% year-to-date as of the close of trading on Friday. Currently there are 15 analysts who rate Red Hat a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Red Hat
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, notable return on equity, growth in earnings per share and increase in net income. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. 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.
2. As of noon trading,
(
) is up $1.48 (1.4%) to $104.51 on average volume. Thus far, 808,711 shares of Intuit exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $103.55-$104.75 after having opened the day at $103.79 as compared to the previous trading day's close of $103.03.
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.
Intuit Inc. provides business and financial management solutions for small businesses, consumers, and accounting professionals primarily in the United States, Canada, the United Kingdom, Australia, India, and Singapore. Intuit has a market cap of $26.0 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 6 analysts who rate Intuit a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Intuit
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, increase in net income, expanding profit margins and growth in earnings per share. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. 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.
1. As of noon trading,
(
) is up $0.72 (0.9%) to $81.74 on average volume. Thus far, 2.5 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $80.71-$82.05 after having opened the day at $80.79 as compared to the previous trading day's close of $81.02.
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 $54.4 billion and is part of the technology sector. Shares are up 3.3% year-to-date as of the close of trading on Friday. Currently there are 25 analysts who 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
(
).
