Today's Stocks Driving Success For The Computer Software & Services Industry

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 34 points (0.2%) at 16,585 as of Friday, May 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,493 issues advancing vs. 1,448 declining with 155 unchanged.

The Computer Software & Services industry currently sits up 0.3% versus the S&P 500, which is up 0.1%. Top gainers within the industry include Computer ( CSC), up 9.8%, AthenaHealth ( ATHN), up 5.9%, Electronic Arts ( EA), up 2.6%, Qihoo 360 Technology ( QIHU), up 2.1% and Salesforce.com ( CRM), up 1.0%. A company within the industry that fell today was Sap ( SAP), up 0.6%.

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

3. Infosys ( INFY) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Infosys is up $1.16 (2.3%) to $52.57 on average volume. Thus far, 605,582 shares of Infosys exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $51.67-$52.65 after having opened the day at $51.87 as compared to the previous trading day's close of $51.41.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $29.3 billion and is part of the technology sector. Shares are down 9.2% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Infosys a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Infosys 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, reasonable valuation levels, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Infosys 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, Symantec ( SYMC) is up $0.77 (3.8%) to $20.90 on average volume. Thus far, 6.6 million shares of Symantec exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $20.66-$21.17 after having opened the day at $20.95 as compared to the previous trading day's close of $20.13.

Symantec Corporation and its subsidiaries provide security, backup, and availability solutions worldwide. Its products and services protect people and information in any digital environment from mobile devices, enterprise data centers, and cloud-based systems. Symantec has a market cap of $14.0 billion and is part of the technology sector. Shares are down 14.6% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts who rate Symantec a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Symantec as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Symantec 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, International Business Machines ( IBM) is up $1.33 (0.7%) to $190.24 on light volume. Thus far, 1.2 million shares of International Business Machines exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $188.37-$190.59 after having opened the day at $188.89 as compared to the previous trading day's close of $188.91.

International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $191.6 billion and is part of the technology sector. Shares are up 0.7% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts who rate International Business Machines a buy, no analysts rate it a sell, and 13 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 notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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.

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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