3 Computer Software & Services Stocks Dragging The Industry Down

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 30 points (0.2%) at 16,949 as of Wednesday, Aug. 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,346 issues advancing vs. 1,589 declining with 185 unchanged.

The Computer Software & Services industry currently sits down 0.2% versus the S&P 500, which is up 0.1%.

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

3. SAP SE ( SAP) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, SAP SE is down $0.58 (-0.7%) to $77.37 on heavy volume. Thus far, 699,884 shares of SAP SE exchanged hands as compared to its average daily volume of 812,400 shares. The stock has ranged in price between $76.72-$77.59 after having opened the day at $76.72 as compared to the previous trading day's close of $77.95.

SAP AG provides enterprise application software and software-related services worldwide. SAP SE has a market cap of $92.3 billion and is part of the technology sector. Shares are down 10.6% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate SAP SE a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates SAP SE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, 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 SAP SE 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 $0.65 (-0.8%) to $84.74 on average volume. Thus far, 560,255 shares of Intuit exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $84.53-$85.49 after having opened the day at $85.21 as compared to the previous trading day's close of $85.39.

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 $24.0 billion and is part of the technology sector. Shares are up 11.9% year-to-date as of the close of trading on Tuesday. 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, Adobe Systems ( ADBE) is down $0.91 (-1.3%) to $71.14 on average volume. Thus far, 1.7 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $71.13-$72.00 after having opened the day at $71.78 as compared to the previous trading day's close of $72.05.

Adobe Systems Incorporated operates as a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. Adobe Systems has a market cap of $35.3 billion and is part of the technology sector. Shares are up 20.3% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Adobe Systems a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Adobe Systems as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Adobe Systems 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).

null

More from Markets

FANG Stocks Get Swept Up in Broader Market Selloff

FANG Stocks Get Swept Up in Broader Market Selloff

Snap Shares Plunge After Cowen Cuts Price Target

Snap Shares Plunge After Cowen Cuts Price Target

Dow Tumbles as Trump Ratchets Up China Trade Fight

Dow Tumbles as Trump Ratchets Up China Trade Fight

Jim Cramer: Aramark Is a Great Company but It's Levered to Baseball

Jim Cramer: Aramark Is a Great Company but It's Levered to Baseball

Preferred Stock & Common Stock: What's the Difference?

Preferred Stock & Common Stock: What's the Difference?