Computer Software & Services Stocks On The Rise With Help From 3 Stocks

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 16 points (-0.1%) at 18,296 as of Wednesday, May 20, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,497 issues advancing vs. 1,463 declining with 190 unchanged.

The Computer Software & Services industry currently sits down 0.2% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Wipro ( WIT), up 1.3%, and Infosys ( INFY), up 0.8%. A company within the industry that fell today was Salesforce.com ( CRM), up 2.5%.

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

3. Computer ( CSC) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Computer is up $2.34 (3.5%) to $70.00 on heavy volume. Thus far, 3.1 million shares of Computer exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $68.52-$71.00 after having opened the day at $70.28 as compared to the previous trading day's close of $67.66.

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Computer Sciences Corporation provides information technology (IT) and professional services and solutions in North America, Europe, Asia, and Australia. The company operates through Global Business Services, Global Infrastructure Services, and North American Public Sector segments. Computer has a market cap of $9.6 billion and is part of the technology sector. Shares are up 7.3% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Computer a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Computer 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, good cash flow from operations and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Computer Ratings Report now.

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2. As of noon trading, Check Point Software Technologies ( CHKP) is up $0.71 (0.8%) to $87.54 on average volume. Thus far, 554,897 shares of Check Point Software Technologies exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $86.41-$87.80 after having opened the day at $86.86 as compared to the previous trading day's close of $86.83.

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Check Point Software Technologies Ltd. develops, markets, and supports a range of software, combined hardware, and software products and services for information technology (IT) security worldwide. Check Point Software Technologies has a market cap of $15.9 billion and is part of the technology sector. Shares are up 10.5% year-to-date as of the close of trading on Tuesday. Currently there are 14 analysts who rate Check Point Software Technologies a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Check Point Software Technologies 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, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Check Point Software Technologies Ratings Report now.

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1. As of noon trading, Xerox Corporation ( XRX) is up $0.16 (1.4%) to $11.48 on light volume. Thus far, 3.0 million shares of Xerox Corporation exchanged hands as compared to its average daily volume of 9.7 million shares. The stock has ranged in price between $11.33-$11.54 after having opened the day at $11.37 as compared to the previous trading day's close of $11.32.

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Xerox Corporation provides business process and document management solutions worldwide. Xerox Corporation has a market cap of $12.7 billion and is part of the technology sector. Shares are down 18.3% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Xerox Corporation a buy, no 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 reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Xerox Corporation Ratings Report now.

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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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