3 Stocks Pushing 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.2%) at 18,080 as of Tuesday, June 2, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,713 issues advancing vs. 1,260 declining with 163 unchanged.

The Computer Software & Services industry currently sits up 0.6% versus the S&P 500, which is up 0.1%. A company within the industry that increased today was SAP SE ( SAP), up 1.3%.

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

3. Activision Blizzard ( ATVI) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Activision Blizzard is up $0.22 (0.9%) to $25.62 on average volume. Thus far, 1.9 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $25.27-$25.71 after having opened the day at $25.31 as compared to the previous trading day's close of $25.40.

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Activision Blizzard, Inc. develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games worldwide. Activision Blizzard has a market cap of $18.3 billion and is part of the technology sector. Shares are up 26.0% year-to-date as of the close of trading on Monday. Currently there are 18 analysts who rate Activision Blizzard a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Activision Blizzard as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Activision Blizzard Ratings Report now.

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2. As of noon trading, Workday ( WDAY) is up $1.30 (1.6%) to $80.39 on average volume. Thus far, 1.1 million shares of Workday exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $78.68-$80.61 after having opened the day at $80.19 as compared to the previous trading day's close of $79.09.

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Workday, Inc. provides enterprise cloud applications for finance and human resources 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 $8.4 billion and is part of the technology sector. Shares are down 3.1% year-to-date as of the close of trading on Monday. Currently there are 16 analysts who rate Workday a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Workday as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full Workday Ratings Report now.

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1. As of noon trading, Cognizant Technology Solutions ( CTSH) is up $0.45 (0.7%) to $65.85 on average volume. Thus far, 1.4 million shares of Cognizant Technology Solutions exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $64.98-$65.96 after having opened the day at $64.98 as compared to the previous trading day's close of $65.40.

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Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Cognizant Technology Solutions has a market cap of $39.5 billion and is part of the technology sector. Shares are up 24.2% year-to-date as of the close of trading on Monday. Currently there are 16 analysts who rate Cognizant Technology Solutions a buy, no analysts rate it a sell, and 2 rate it a hold.

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