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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 27 points (0.2%) at 17,793 as of Tuesday, June 9, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,750 declining with 142 unchanged.

The Computer Software & Services industry currently sits down 0.6% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include Science Applications International ( SAIC), down 5.5%, Sabre Corporation ( SABR), down 3.3%, Wipro ( WIT), down 2.6%, Computer ( CSC), down 1.0% and SAP SE ( SAP), down 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 $0.60 (0.8%) to $75.27 on average volume. Thus far, 694,592 shares of ServiceNow exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $73.66-$75.51 after having opened the day at $75.11 as compared to the previous trading day's close of $74.67.

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ServiceNow, Inc. provides cloud-based solutions that define, structure, manage, and automate services to enterprise operations in North America, Europe, the Middle East, Africa, the Asia Pacific, and other countries. ServiceNow has a market cap of $11.8 billion and is part of the technology sector. Shares are up 10.1% year-to-date as of the close of trading on Monday. Currently there are 18 analysts who rate ServiceNow a buy, no analysts rate it a sell, and 2 rate 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 and feeble growth in its earnings per share. Get the full ServiceNow Ratings Report now.

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2. As of noon trading, Activision Blizzard ( ATVI) is up $0.21 (0.8%) to $25.65 on heavy volume. Thus far, 4.0 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $25.20-$25.88 after having opened the day at $25.45 as compared to the previous trading day's close of $25.44.

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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 $18.7 billion and is part of the technology sector. Shares are up 27.9% 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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1. As of noon trading, Catamaran ( CTRX) is up $0.38 (0.6%) to $60.50 on average volume. Thus far, 1.8 million shares of Catamaran exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $60.40-$60.51 after having opened the day at $60.50 as compared to the previous trading day's close of $60.12.

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Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefits management industry in North America. The company operates in two segments, PBM and HCIT. Catamaran has a market cap of $12.5 billion and is part of the health care sector. Shares are up 16.3% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Catamaran a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Catamaran 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full Catamaran 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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