4 Computer Software & Services Stocks Driving The 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 or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 44 points (0.3%) at 15,464 as of Tuesday, Aug. 13, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,183 issues advancing vs. 1,800 declining with 78 unchanged.

The Computer Software & Services industry currently is unchanged today versus the S&P 500, which is up 0.2%. A company within the industry that increased today was Sap ( SAP), up 0.7%.

TheStreet would like to highlight 4 stocks pushing the industry higher today:

4. Wipro ( WIT) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Wipro is up $0.27 (3.0%) to $9.43 on average volume. Thus far, 429,879 shares of Wipro exchanged hands as compared to its average daily volume of 678,000 shares. The stock has ranged in price between $9.27-$9.47 after having opened the day at $9.27 as compared to the previous trading day's close of $9.16.

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 $22.2 billion and is part of the technology sector. Shares are up 4.6% year to date as of the close of trading on Monday. Currently there are no analysts that rate Wipro a buy, 2 analysts rate it a sell, and 6 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, notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income 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.

3. As of noon trading, Infosys ( INFY) is up $0.55 (1.1%) to $50.09 on average volume. Thus far, 656,924 shares of Infosys exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $49.92-$50.51 after having opened the day at $50.51 as compared to the previous trading day's close of $49.54.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $28.3 billion and is part of the technology sector. Shares are up 17.1% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Infosys a buy, 3 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Infosys as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Infosys 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, Xerox Corporation ( XRX) is up $0.35 (3.5%) to $10.50 on heavy volume. Thus far, 12.1 million shares of Xerox Corporation exchanged hands as compared to its average daily volume of 8.8 million shares. The stock has ranged in price between $10.33-$10.52 after having opened the day at $10.40 as compared to the previous trading day's close of $10.15.

Xerox Corporation provides business process and document management services worldwide. Xerox Corporation has a market cap of $12.4 billion and is part of the technology sector. Shares are up 47.1% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Xerox Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Xerox Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Xerox 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, Activision Blizzard ( ATVI) is up $0.26 (1.5%) to $17.44 on average volume. Thus far, 4.6 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of 8.4 million shares. The stock has ranged in price between $17.16-$17.44 after having opened the day at $17.28 as compared to the previous trading day's close of $17.18.

Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment products worldwide. It operates in three segments: Activision, Blizzard, and Distribution. Activision Blizzard has a market cap of $19.3 billion and is part of the technology sector. Shares are up 62.2% year to date as of the close of trading on Monday. Currently there are 18 analysts that rate Activision Blizzard a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Activision Blizzard as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Activision Blizzard 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 4 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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