3 Stocks Pushing The Computer Software & Services Industry Downward

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 lower today:

3. Xerox Corporation ( XRX) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, Xerox Corporation is down $0.32 (-2.6%) to $12.13 on average volume. Thus far, 6.0 million shares of Xerox Corporation exchanged hands as compared to its average daily volume of 8.4 million shares. The stock has ranged in price between $12.09-$12.28 after having opened the day at $12.19 as compared to the previous trading day's close of $12.45.

Xerox Corporation provides business process and document management solutions worldwide. Xerox Corporation has a market cap of $14.5 billion and is part of the technology sector. Shares are up 2.3% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts that rate Xerox Corporation a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Xerox Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Xerox Corporation Ratings Report now.

STOCKS TO BUY: 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, Intuit ( INTU) is down $1.21 (-1.5%) to $81.02 on average volume. Thus far, 606,498 shares of Intuit exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $80.80-$81.94 after having opened the day at $81.29 as compared to the previous trading day's close of $82.23.

Intuit Inc. provides business and financial management solutions for small businesses, consumers, and accounting professionals in the United States, Canada, the United Kingdom, Australia, India, and Singapore. Intuit has a market cap of $23.3 billion and is part of the technology sector. Shares are up 7.7% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts that rate Intuit a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Intuit 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, notable return on equity, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Intuit Ratings Report now.

STOCKS TO BUY: 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 down $0.87 (-1.5%) to $57.89 on light volume. Thus far, 1.8 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 6.4 million shares. The stock has ranged in price between $57.86-$58.72 after having opened the day at $58.72 as compared to the previous trading day's close of $58.76.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $36.1 billion and is part of the technology sector. Shares are up 6.5% year-to-date as of the close of trading on Thursday. Currently there are 25 analysts that 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.

STOCKS TO BUY: 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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