Computer Software & Services Stocks On The Rise With Help From 3 Stocks

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,918 as of Monday, June 23, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,480 issues advancing vs. 1,509 declining with 147 unchanged.

The Computer Software & Services industry currently is unchanged today versus the S&P 500, which is down 0.1%. Top gainers within the industry include 3D Systems ( DDD), up 5.6%, Splunk ( SPLK), up 3.3% and Xerox Corporation ( XRX), up 0.9%. On the negative front, top decliners within the industry include Wipro ( WIT), down 1.5%, IHS ( IHS), down 1.2% and Qihoo 360 Technology ( QIHU), down 1.1%.

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

3. Workday ( WDAY) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Workday is up $1.47 (1.7%) to $86.33 on light volume. Thus far, 872,196 shares of Workday exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $84.86-$86.74 after having opened the day at $85.08 as compared to the previous trading day's close of $84.86.

Workday, Inc. provides enterprise cloud applications for global human resources and finance in the United States and internationally. It offers applications for customers to manage critical business functions that enable them to optimize their financial and human capital resources. Workday has a market cap of $8.2 billion and is part of the technology sector. Shares are up 2.0% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate Workday a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Workday as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share. Get the full Workday 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 $0.60 (1.0%) to $58.11 on light volume. Thus far, 1.8 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 6.7 million shares. The stock has ranged in price between $56.75-$58.17 after having opened the day at $57.47 as compared to the previous trading day's close of $57.51.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $35.5 billion and is part of the technology sector. Shares are up 4.2% year-to-date as of the close of trading on Friday. Currently there are 25 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and generally higher debt management risk. 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, Oracle Corporation ( ORCL) is up $0.28 (0.7%) to $41.10 on average volume. Thus far, 10.1 million shares of Oracle Corporation exchanged hands as compared to its average daily volume of 15.8 million shares. The stock has ranged in price between $40.75-$41.33 after having opened the day at $40.98 as compared to the previous trading day's close of $40.82.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. Oracle Corporation has a market cap of $189.5 billion and is part of the technology sector. Shares are up 6.7% year-to-date as of the close of trading on Friday. Currently there are 16 analysts who rate Oracle Corporation a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Oracle Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Oracle 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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