3 Computer Software & Services Stocks On The Rise

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 17 points (0.1%) at 16,651 as of Thursday, May 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,820 issues advancing vs. 1,121 declining with 182 unchanged.

The Computer Software & Services industry currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Salesforce.com ( CRM), up 1.7%, Adobe Systems ( ADBE), up 1.3%, Oracle Corporation ( ORCL), up 1.1% and Accenture ( ACN), up 0.8%. On the negative front, top decliners within the industry include Workday ( WDAY), down 3.7%, and Thomson Reuters ( TRI), down 1.1%.

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 $0.47 (2.3%) to $20.80 on heavy volume. Thus far, 7.6 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of 6.1 million shares. The stock has ranged in price between $20.43-$20.80 after having opened the day at $20.57 as compared to the previous trading day's close of $20.33.

Activision Blizzard, Inc. publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games. The company operates through three segments: Activision, Blizzard, and Distribution. Activision Blizzard has a market cap of $14.7 billion and is part of the technology sector. Shares are up 14.0% year-to-date as of the close of trading on Wednesday. Currently there are 16 analysts who rate Activision Blizzard a buy, no analysts rate it a sell, and none rate 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, attractive valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures 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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