3 Stocks Driving 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 48 points (-0.3%) at 16,864 as of Wednesday, July 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,073 issues advancing vs. 1,897 declining with 171 unchanged.

The Computer Software & Services industry currently sits up 0.9% versus the S&P 500, which is down 0.1%. Top gainers within the industry include NCR ( NCR), up 5.3%, Thomson Reuters ( TRI), up 3.1%, Salesforce.com ( CRM), up 1.4% and Oracle Corporation ( ORCL), up 0.6%. A company within the industry that fell today was Microsoft ( MSFT), up 0.9%.

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

3. ServiceNow ( NOW) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, ServiceNow is up $3.05 (5.1%) to $62.75 on heavy volume. Thus far, 1.5 million shares of ServiceNow exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $59.72-$62.75 after having opened the day at $60.00 as compared to the previous trading day's close of $59.70.

ServiceNow, Inc. provides cloud-based services to automate enterprise IT operations primarily in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. ServiceNow has a market cap of $8.4 billion and is part of the technology sector. Shares are up 6.6% year-to-date as of the close of trading on Tuesday. Currently there are 13 analysts who rate ServiceNow a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates ServiceNow as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk and feeble growth in its earnings per share. Get the full ServiceNow 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, VMWare ( VMW) is up $3.13 (3.2%) to $101.74 on heavy volume. Thus far, 1.9 million shares of VMWare exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $98.99-$102.31 after having opened the day at $99.27 as compared to the previous trading day's close of $98.61.

VMware, Inc. provides virtualization infrastructure solutions in the United States and internationally. VMWare has a market cap of $12.7 billion and is part of the technology sector. Shares are up 9.9% year-to-date as of the close of trading on Tuesday. Currently there are 16 analysts who rate VMWare a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates VMWare 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, increase in stock price during the past year, expanding profit margins 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 VMWare 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, Workday ( WDAY) is up $4.26 (5.3%) to $85.11 on average volume. Thus far, 821,449 shares of Workday exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $81.00-$85.15 after having opened the day at $81.00 as compared to the previous trading day's close of $80.85.

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 $7.6 billion and is part of the technology sector. Shares are down 2.8% year-to-date as of the close of trading on Tuesday. 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.

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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