3 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 125 points (-0.8%) at 16,333 as of Tuesday, Jan. 21, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,733 issues advancing vs. 1,234 declining with 157 unchanged.

The Computer Software & Services industry currently sits up 0.1% versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Sap ( SAP), up 1.9%.

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

3. Thomson Reuters Corporation ( TRI) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Thomson Reuters Corporation is up $0.27 (0.7%) to $37.82 on heavy volume. Thus far, 642,526 shares of Thomson Reuters Corporation exchanged hands as compared to its average daily volume of 778,800 shares. The stock has ranged in price between $37.70-$38.34 after having opened the day at $37.97 as compared to the previous trading day's close of $37.55.

Thomson Reuters Corporation provides intelligent information for businesses and professionals worldwide. It sells electronic content and services to professionals, primarily on a subscription basis. Thomson Reuters Corporation has a market cap of $30.9 billion and is part of the services sector. The company has a P/E ratio of 34.1, above the S&P 500 P/E ratio of 17.7. Shares are down 0.7% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate Thomson Reuters Corporation a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Thomson Reuters Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. Get the full Thomson Reuters Corporation Ratings Report now.

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2. As of noon trading, Splunk ( SPLK) is up $2.80 (3.5%) to $82.47 on heavy volume. Thus far, 992,014 shares of Splunk exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $80.02-$82.52 after having opened the day at $80.87 as compared to the previous trading day's close of $79.67.

Splunk, Inc. provides software solutions that provide real-time operational intelligence. Splunk has a market cap of $8.5 billion and is part of the technology sector. Shares are up 16.0% year-to-date as of the close of trading on Friday. Currently there are 11 analysts who rate Splunk a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Splunk as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share. Get the full Splunk 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 $0.36 (0.6%) to $60.22 on average volume. Thus far, 2.1 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $59.65-$60.55 after having opened the day at $60.27 as compared to the previous trading day's close of $59.86.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $36.1 billion and is part of the technology sector. Shares are up 8.5% year-to-date as of the close of trading on Friday. Currently there are 22 analysts who rate Salesforce.com a buy, 1 analyst rates it a sell, and 2 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, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. 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 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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