3 Stocks Driving The Computer Software & Services 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 22 points (-0.1%) at 16,065 as of Monday, Dec. 2, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,883 declining with 116 unchanged.

The Computer Software & Services industry currently is unchanged today versus the S&P 500, which is unchanged.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Activision Blizzard ( ATVI) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Activision Blizzard is up $0.32 (1.9%) to $17.54 on average volume. Thus far, 3.6 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of 7.8 million shares. The stock has ranged in price between $17.25-$17.55 after having opened the day at $17.33 as compared to the previous trading day's close of $17.21.

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 $11.9 billion and is part of the technology sector. The company has a P/E ratio of 16.4, below the S&P 500 P/E ratio of 17.7. Shares are up 60.9% year to date as of the close of trading on Friday. Currently there are 17 analysts that rate Activision Blizzard a buy, no analysts rate it a sell, and 1 rates 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, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Activision Blizzard Ratings Report now.

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2. As of noon trading, 3D Systems Corporation ( DDD) is up $2.99 (4.0%) to $78.15 on average volume. Thus far, 2.1 million shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $75.52-$78.25 after having opened the day at $76.10 as compared to the previous trading day's close of $75.16.

3D Systems Corporation, through its subsidiaries, develops, manufactures and markets 3D printers, print materials, on-demand custom parts services, and 3D authoring solutions for professionals and consumers. 3D Systems Corporation has a market cap of $7.7 billion and is part of the technology sector. The company has a P/E ratio of 162.6, above the S&P 500 P/E ratio of 17.7. Shares are up 110.3% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate 3D Systems Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates 3D Systems 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, growth in earnings per share, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full 3D Systems Corporation Ratings Report now.

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1. As of noon trading, Microsoft Corporation ( MSFT) is up $0.28 (0.7%) to $38.41 on light volume. Thus far, 17.2 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 48.2 million shares. The stock has ranged in price between $38.06-$38.52 after having opened the day at $38.09 as compared to the previous trading day's close of $38.13.

Microsoft Corporation (Microsoft) develops, licenses, and supports software, services, and hardware devices worldwide. Microsoft Corporation has a market cap of $313.9 billion and is part of the technology sector. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are up 40.8% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Microsoft Corporation a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates Microsoft Corporation 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, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Microsoft 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 3 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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