3 Computer Software & Services Stocks Pushing 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 76 points (0.5%) at 16,332 as of Wednesday, April 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,886 issues advancing vs. 1,057 declining with 161 unchanged.

The Computer Software & Services industry currently sits up 1.1% versus the S&P 500, which is up 0.5%.

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

3. Salesforce.com ( CRM) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Salesforce.com is up $0.66 (1.2%) to $55.87 on average volume. Thus far, 3.9 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $55.29-$56.49 after having opened the day at $55.76 as compared to the previous trading day's close of $55.21.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $32.9 billion and is part of the technology sector. Shares are up 0.0% year-to-date as of the close of trading on Tuesday. Currently there are 26 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and weak operating cash flow. 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.

2. As of noon trading, International Business Machines ( IBM) is up $1.70 (0.9%) to $194.99 on light volume. Thus far, 2.0 million shares of International Business Machines exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $193.60-$195.25 after having opened the day at $193.88 as compared to the previous trading day's close of $193.29.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $202.6 billion and is part of the technology sector. Shares are up 3.0% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate International Business Machines a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full International Business Machines 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, Microsoft Corporation ( MSFT) is up $0.28 (0.7%) to $40.10 on light volume. Thus far, 12.2 million shares of Microsoft Corporation exchanged hands as compared to its average daily volume of 39.5 million shares. The stock has ranged in price between $39.88-$40.37 after having opened the day at $39.93 as compared to the previous trading day's close of $39.82.

Microsoft Corporation develops, licenses, and supports software, services, and hardware devices. Its Windows division offers Windows operating system; Windows Services suite of applications and Web services, including Outlook.com and SkyDrive; Surface RT and Pro devices; and PC accessories. Microsoft Corporation has a market cap of $330.4 billion and is part of the technology sector. Shares are up 6.4% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate Microsoft Corporation a buy, 1 analyst rates it a sell, and 13 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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