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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 17,036 as of Wednesday, Sept. 10, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,316 issues advancing vs. 1,661 declining with 150 unchanged.

The Computer Software & Services industry currently sits up 0.1% versus the S&P 500, which is up 0.1%. A company within the industry that increased today was International Business Machines ( IBM), up 0.9%.

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

3. VMWare ( VMW) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, VMWare is up $1.46 (1.5%) to $96.95 on average volume. Thus far, 816,207 shares of VMWare exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $95.59-$97.64 after having opened the day at $95.60 as compared to the previous trading day's close of $95.49.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

VMware, Inc. provides virtualization infrastructure solutions in the United States and internationally. VMWare has a market cap of $12.3 billion and is part of the technology sector. Shares are up 6.4% year-to-date as of the close of trading on Tuesday. Currently there are 15 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, expanding profit margins, increase in stock price during the past year 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.

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, Splunk ( SPLK) is up $1.33 (2.3%) to $58.80 on average volume. Thus far, 1.2 million shares of Splunk exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $57.00-$59.30 after having opened the day at $57.41 as compared to the previous trading day's close of $57.47.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Splunk, Inc. provides software solutions that provide real-time operational intelligence in the United States and internationally. Splunk has a market cap of $7.0 billion and is part of the technology sector. Shares are down 16.3% year-to-date as of the close of trading on Tuesday. Currently there are 13 analysts who rate Splunk a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Splunk as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share. Get the full Splunk 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 up $0.67 (1.1%) to $60.33 on light volume. Thus far, 1.1 million shares of Salesforce.com exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $59.51-$60.39 after having opened the day at $59.81 as compared to the previous trading day's close of $59.66.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

salesforce.com, inc. provides enterprise cloud computing solutions to various businesses and industries worldwide. Salesforce.com has a market cap of $37.4 billion and is part of the technology sector. Shares are up 8.1% year-to-date as of the close of trading on Tuesday. Currently there are 23 analysts who rate Salesforce.com a buy, no analysts rate 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 deteriorating net income, disappointing return on equity 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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