5 Stocks Pulling The Computer Software & Services Industry Downward

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 24 points (-0.2%) at 15,303 as of Thursday, Sept. 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 960 issues advancing vs. 1,922 declining with 143 unchanged.

The Computer Software & Services industry currently sits down 0.3% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Wipro ( WIT), down 2.4%, Nuance Communications ( NUAN), down 2.5%, Infosys ( INFY), down 1.3% and CA ( CA), down 1.0%.

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

5. Activision Blizzard ( ATVI) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Activision Blizzard is down $0.32 (-1.9%) to $16.86 on light volume. Thus far, 1.9 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of 7.2 million shares. The stock has ranged in price between $16.73-$17.18 after having opened the day at $17.14 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 $19.2 billion and is part of the technology sector. Shares are up 61.5% year to date as of the close of trading on Wednesday. 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

How eSports Leaders Are Making a Business Out of the Professional Gaming Market

Lockheed Martin, Raytheon, Activision Blizzard: 'Mad Money' Lightning Round

Shrug Off The Apple-FANG Bite: Cramer's 'Mad Money' Recap (Thur 9/14/17)

Apple iPhone X Has This Powerful Force Behind It That Nobody Is Talking About