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.

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

4. As of noon trading, Adobe Systems ( ADBE) is up $0.36 (0.8%) to $45.86 on light volume. Thus far, 788,771 shares of Adobe Systems exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $45.49-$45.88 after having opened the day at $45.58 as compared to the previous trading day's close of $45.50.

Adobe Systems Incorporated operates as a diversified software company worldwide. The company operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. Adobe Systems has a market cap of $23.1 billion and is part of the technology sector. Shares are up 22.2% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Adobe Systems a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Adobe Systems as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance 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 Adobe 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.

3. As of noon trading, VMware ( VMW) is up $0.72 (0.9%) to $84.11 on light volume. Thus far, 537,240 shares of VMware exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $83.12-$84.30 after having opened the day at $83.30 as compared to the previous trading day's close of $83.39.

VMware, Inc. provides virtualization infrastructure solutions in the United States and internationally. VMware has a market cap of $11.2 billion and is part of the technology sector. Shares are down 11.4% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate VMware a buy, 2 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates VMware as a buy. 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, growth in earnings per share, good cash flow from operations 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 VMware 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, Cognizant Technology Solutions Corporation ( CTSH) is up $0.92 (1.3%) to $73.11 on average volume. Thus far, 1.5 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $72.19-$73.60 after having opened the day at $72.41 as compared to the previous trading day's close of $72.19.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Manufacturing, Retail, and Logistics; and Other. Cognizant Technology Solutions Corporation has a market cap of $22.2 billion and is part of the technology sector. Shares are down 0.4% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Cognizant Technology Solutions Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Cognizant Technology Solutions 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, Salesforce.com ( CRM) is up $0.62 (1.5%) to $43.08 on average volume. Thus far, 2.4 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $42.38-$43.08 after having opened the day at $42.45 as compared to the previous trading day's close of $42.46.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $25.7 billion and is part of the technology sector. Shares are up 1.0% year to date as of the close of trading on Tuesday. Currently there are 24 analysts that rate Salesforce.com a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Salesforce.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Salesforce.com 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 5 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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