3 Computer Software & Services Stocks On The Rise

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 or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 44 points (-0.3%) at 15,515 as of Monday, July 29, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 829 issues advancing vs. 2,095 declining with 99 unchanged.

The Computer Software & Services industry currently sits down 0.7% versus the S&P 500, which is down 0.4%. Top gainers within the industry include 3D Systems Corporation ( DDD), up 5.5%, and Activision Blizzard ( ATVI), up 3.4%. On the negative front, top decliners within the industry include Cerner Corporation ( CERN), down 1.5%, Sap ( SAP), down 1.0%, Accenture ( ACN), down 0.9% and International Business Machines ( IBM), down 0.7%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Wipro ( WIT) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Wipro is up $0.15 (1.8%) to $8.40 on heavy volume. Thus far, 949,444 shares of Wipro exchanged hands as compared to its average daily volume of 598,500 shares. The stock has ranged in price between $8.32-$8.49 after having opened the day at $8.42 as compared to the previous trading day's close of $8.25.

Wipro Limited provides information technology (IT) products and services worldwide. It operates in two segments, IT Services and IT Products. Wipro has a market cap of $20.3 billion and is part of the technology sector. Shares are down 5.9% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Wipro a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Wipro as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins. Get the full Wipro Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Thomson Reuters Corporation ( TRI) is up $0.45 (1.3%) to $35.76 on average volume. Thus far, 770,491 shares of Thomson Reuters Corporation exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $35.21-$36.04 after having opened the day at $35.29 as compared to the previous trading day's close of $35.31.

Thomson Reuters Corporation provides intelligent information for businesses and professionals worldwide. It sells electronic content and services to professionals, primarily on a subscription basis. Thomson Reuters Corporation has a market cap of $29.3 billion and is part of the services sector. Shares are up 21.6% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Thomson Reuters Corporation a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Thomson Reuters Corporation as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins. Get the full Thomson Reuters Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Citrix Systems ( CTXS) is up $0.84 (1.2%) to $68.62 on average volume. Thus far, 1.2 million shares of Citrix Systems exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $67.41-$68.62 after having opened the day at $67.41 as compared to the previous trading day's close of $67.78.

Citrix Systems, Inc. provides cloud computing solutions that enable information technology (IT) and service providers to build private and public clouds worldwide. The company operates in two divisions, Enterprise and Online Services. Citrix Systems has a market cap of $12.7 billion and is part of the technology sector. Shares are up 3.6% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate Citrix Systems a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Citrix Systems as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Citrix Systems Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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 ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).
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