3 Computer Software & Services Stocks Nudging 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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 16 points (-0.1%) at 16,836 as of Monday, June 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,605 issues advancing vs. 1,347 declining with 197 unchanged.

The Computer Software & Services industry currently sits up 0.6% versus the S&P 500, which is unchanged. A company within the industry that increased today was Oracle Corporation ( ORCL), up 0.5%.

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 $2.02 (2.3%) to $90.87 on light volume. Thus far, 868,432 shares of Workday exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $88.85-$91.10 after having opened the day at $88.96 as compared to the previous trading day's close of $88.85.

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 $8.4 billion and is part of the technology sector. Shares are up 6.8% 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, Qihoo 360 Technology ( QIHU) is up $1.94 (2.1%) to $93.06 on light volume. Thus far, 1.2 million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $91.24-$94.35 after having opened the day at $91.24 as compared to the previous trading day's close of $91.12.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products and services in the People's Republic of China. Qihoo 360 Technology has a market cap of $11.6 billion and is part of the technology sector. Shares are up 11.1% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Qihoo 360 Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Qihoo 360 Technology 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, Salesforce.com ( CRM) is up $1.03 (1.8%) to $58.41 on average volume. Thus far, 2.8 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 6.5 million shares. The stock has ranged in price between $57.35-$58.63 after having opened the day at $57.37 as compared to the previous trading day's close of $57.38.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $35.1 billion and is part of the technology sector. Shares are up 4.0% 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.

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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