5 Computer Software & Services Stocks Pushing Industry Growth

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 70 points (0.5%) at 14,846 as of Wednesday, Aug. 28, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,865 issues advancing vs. 1,062 declining with 104 unchanged.

The Computer Software & Services industry currently sits up 0.5% versus the S&P 500, which is up 0.6%. Top gainers within the industry include Igate Corporation ( IGTE), up 8.1%, Wipro ( WIT), up 2.5%, Xerox Corporation ( XRX), up 2.2%, 3D Systems Corporation ( DDD), up 2.4% and Check Point Software Technologies ( CHKP), up 1.4%. A company within the industry that fell today was Catamaran ( CTRX), up 0.8%.

TheStreet would like to highlight 5 stocks pushing the industry higher today:

5. Activision Blizzard ( ATVI) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Activision Blizzard is up $0.27 (1.6%) to $16.47 on light volume. Thus far, 2.7 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of 7.3 million shares. The stock has ranged in price between $16.19-$16.49 after having opened the day at $16.22 as compared to the previous trading day's close of $16.20.

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 $18.5 billion and is part of the technology sector. Shares are up 55.9% year to date as of the close of trading on Tuesday. 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Activision Blizzard Ratings Report now.

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