Activision Blizzard Inc. (ATVI): Today's Featured Computer Software & Services Winner

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.

Activision Blizzard ( ATVI) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day up 0.3%. By the end of trading, Activision Blizzard rose $0.28 (1.6%) to $17.46 on average volume. Throughout the day, 8,413,576 shares of Activision Blizzard exchanged hands as compared to its average daily volume of 8,351,000 shares. The stock ranged in a price between $17.16-$17.53 after having opened the day at $17.28 as compared to the previous trading day's close of $17.18. Other companies within the Computer Software & Services industry that increased today were: NQ Mobile ( NQ), up 22.7%, ChannelAdvisor ( ECOM), up 7.5%, Luxoft Holding Inc Class A ( LXFT), up 6.0% and Perion Network ( PERI), up 5.9%.

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.

On the negative front, Cimatron ( CIMT), down 8.2%, EFuture Information Technology ( EFUT), down 7.1%, Cover-All Technologies ( COVR), down 6.6% and MiX Telematics Ltd ADR ( MIXT), down 5.8% , were all laggards within the computer software & services industry with IHS ( IHS) being today's computer software & services industry laggard.

For investors not wanting singular stock exposure, 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).

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

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%