3 Stocks Pushing The Computer Software & Services 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 65 points (-0.4%) at 17,004 as of Monday, July 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 894 issues advancing vs. 2,148 declining with 116 unchanged.

The Computer Software & Services industry currently sits down 1.4% versus the S&P 500, which is down 0.5%. A company within the industry that fell today was Adobe Systems ( ADBE), up 0.7%.

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 $1.76 (3.3%) to $55.50 on average volume. Thus far, 951,438 shares of Infosys exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $55.08-$55.72 after having opened the day at $55.10 as compared to the previous trading day's close of $53.73.

Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Infosys has a market cap of $30.9 billion and is part of the technology sector. Shares are down 5.1% 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, expanding profit margins and good cash flow from operations. 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, Cognizant Technology Solutions ( CTSH) is up $0.28 (0.6%) to $50.58 on average volume. Thus far, 1.3 million shares of Cognizant Technology Solutions exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $50.13-$50.62 after having opened the day at $50.16 as compared to the previous trading day's close of $50.30.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates in four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Cognizant Technology Solutions has a market cap of $30.6 billion and is part of the technology sector. Shares are down 0.4% year-to-date as of the close of trading on Thursday. Currently there are 13 analysts who rate Cognizant Technology Solutions a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Cognizant Technology Solutions as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Cognizant Technology Solutions 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 ( MSFT) is up $0.25 (0.6%) to $42.05 on average volume. Thus far, 11.1 million shares of Microsoft exchanged hands as compared to its average daily volume of 29.0 million shares. The stock has ranged in price between $41.71-$42.12 after having opened the day at $41.75 as compared to the previous trading day's close of $41.80.

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 has a market cap of $345.3 billion and is part of the technology sector. Shares are up 11.7% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Microsoft a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Microsoft as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Microsoft 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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