5 Computer Software & Services Stocks Driving 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 80 points (0.5%) at 15,453 as of Tuesday, Feb. 4, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,024 issues advancing vs. 894 declining with 170 unchanged.

The Computer Software & Services industry currently sits up 0.5% versus the S&P 500, which is up 0.7%. Top gainers within the industry include Splunk ( SPLK), up 2.5%, Fidelity National Information Services ( FIS), up 2.2%, Autodesk ( ADSK), up 1.6%, Wipro ( WIT), up 1.3% and Automatic Data Processing ( ADP), up 1.0%.

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

5. Electronic Arts ( EA) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Electronic Arts is up $0.53 (2.0%) to $26.61 on average volume. Thus far, 3.2 million shares of Electronic Arts exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $26.29-$26.71 after having opened the day at $26.49 as compared to the previous trading day's close of $26.08.

Electronic Arts Inc. develops, markets, publishes, and distributes game software content and services for video game consoles, personal computers, mobile phones, tablets and electronic readers, and the Internet. Electronic Arts has a market cap of $8.2 billion and is part of the technology sector. The company has a P/E ratio of 21.6, above the S&P 500 P/E ratio of 17.7. Shares are up 13.7% year-to-date as of the close of trading on Monday. Currently there are 13 analysts who rate Electronic Arts a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Electronic Arts as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity. Get the full Electronic Arts Ratings Report now.

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4. As of noon trading, Cognizant Technology Solutions Corporation ( CTSH) is up $1.35 (1.4%) to $96.53 on light volume. Thus far, 615,022 shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $94.79-$96.77 after having opened the day at $95.30 as compared to the previous trading day's close of $95.18.

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 $29.3 billion and is part of the technology sector. The company has a P/E ratio of 24.9, above the S&P 500 P/E ratio of 17.7. Shares are down 5.7% year-to-date as of the close of trading on Monday. Currently there are 13 analysts who 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, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. 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.

3. As of noon trading, Adobe Systems ( ADBE) is up $0.97 (1.7%) to $59.06 on light volume. Thus far, 910,639 shares of Adobe Systems exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $57.65-$59.16 after having opened the day at $58.48 as compared to the previous trading day's close of $58.09.

Adobe Systems Incorporated operates as a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. Adobe Systems has a market cap of $29.4 billion and is part of the technology sector. The company has a P/E ratio of 105.7, above the S&P 500 P/E ratio of 17.7. Shares are down 3.0% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate Adobe Systems a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Adobe Systems 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, expanding profit margins 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 weak operating cash flow. 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.

2. As of noon trading, Salesforce.com ( CRM) is up $2.24 (3.8%) to $60.71 on average volume. Thus far, 2.6 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $59.06-$61.00 after having opened the day at $59.42 as compared to the previous trading day's close of $58.47.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $36.5 billion and is part of the technology sector. Shares are up 5.9% year-to-date as of the close of trading on Monday. Currently there are 21 analysts who rate Salesforce.com a buy, 1 analyst rates it a sell, and 3 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.

1. As of noon trading, 3D Systems Corporation ( DDD) is up $1.57 (2.1%) to $75.60 on light volume. Thus far, 1.7 million shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $73.27-$76.05 after having opened the day at $74.73 as compared to the previous trading day's close of $74.03.

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 $8.0 billion and is part of the technology sector. The company has a P/E ratio of 169.0, above the S&P 500 P/E ratio of 17.7. Shares are down 20.3% year-to-date as of the close of trading on Monday. Currently there are 10 analysts who 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.

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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