4 Computer Software & Services Stocks Nudging 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 21 points (0.1%) at 16,093 as of Tuesday, Nov. 26, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,560 issues advancing vs. 1,331 declining with 131 unchanged.

The Computer Software & Services industry currently sits up 0.4% versus the S&P 500, which is up 0.1%. A company within the industry that fell today was Salesforce.com ( CRM), up 0.5%.

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

4. ServiceNow ( NOW) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, ServiceNow is up $1.74 (3.3%) to $54.34 on average volume. Thus far, 649,520 shares of ServiceNow exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $52.64-$54.49 after having opened the day at $53.22 as compared to the previous trading day's close of $52.61.

ServiceNow, Inc. engages in the provision of cloud-based services to automate enterprise IT operations primarily in North America, Europe, the Middle East, Africa, and the Asia Pacific. ServiceNow has a market cap of $7.7 billion and is part of the technology sector. Shares are up 84.5% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate ServiceNow a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates ServiceNow as a sell. The area that we feel has been the company's primary weakness has been its feeble growth in its earnings per share. Get the full ServiceNow 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, Automatic Data Processing ( ADP) is up $0.44 (0.5%) to $80.56 on light volume. Thus far, 525,529 shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $79.80-$83.82 after having opened the day at $83.18 as compared to the previous trading day's close of $80.12.

Automatic Data Processing, Inc., together with its subsidiaries, provides technology-based outsourcing solutions to employers and vehicle retailers and manufacturers worldwide. Automatic Data Processing has a market cap of $38.5 billion and is part of the technology sector. The company has a P/E ratio of 28.0, above the S&P 500 P/E ratio of 17.7. Shares are up 40.5% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Automatic Data Processing a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Automatic Data Processing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in net income, notable return on equity and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Automatic Data Processing 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 $1.25 (1.4%) to $93.88 on light volume. Thus far, 495,994 shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $92.38-$93.94 after having opened the day at $92.60 as compared to the previous trading day's close of $92.63.

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 $28.2 billion and is part of the technology sector. The company has a P/E ratio of 23.9, above the S&P 500 P/E ratio of 17.7. Shares are up 26.0% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and 3 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, good cash flow from operations, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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, Oracle Corporation ( ORCL) is up $0.25 (0.7%) to $35.03 on light volume. Thus far, 6.1 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 18.9 million shares. The stock has ranged in price between $34.61-$35.06 after having opened the day at $34.71 as compared to the previous trading day's close of $34.78.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $158.7 billion and is part of the technology sector. The company has a P/E ratio of 15.0, below the S&P 500 P/E ratio of 17.7. Shares are up 4.5% year to date as of the close of trading on Monday. Currently there are 17 analysts that rate Oracle Corporation a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Oracle Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in net income, notable return on equity and increase in stock price during the past year. 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 Oracle 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.

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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