Stocks in the Computer Software & Services Industry Pushing Higher in Today's Trading

Strategic Insights -

The Dow Jones Industrial Average is trading up 104 points (0.6%) at 17,836 as of Friday, Nov. 20, 2015, 11:55 AM ET, led by gains in the Computer Software & Services industry. The NYSE advances/declines ratio sits at 1,952 issues advancing vs. 981 declining with 162 unchanged. Activision Blizzard, International Business Machines, and Oracle Corporation are among the top gainers in the industry.

Key Takeaways:

  • Activision Blizzard is up 4.7% to $37.80 on light volume, with 2.8 million shares exchanged hands as compared to its average daily volume of 11.4 million shares.
  • International Business Machines is up 1.4% to $138.70 on average volume, with 2.0 million shares exchanged hands as compared to its average daily volume of 4.7 million shares.
  • Oracle Corporation is up 1.2% to $39.48 on light volume, with 4.8 million shares exchanged hands as compared to its average daily volume of 17.1 million shares.
  • Activision Blizzard has been one of the top gainers in the industry, with shares up 83.7% year-to-date as of the close of trading on Thursday.
  • International Business Machines has a market cap of $131.8 billion and is part of the technology sector, with shares down 14.8% year-to-date as of the close of trading on Thursday.
  • Oracle Corporation has a market cap of $165.0 billion and is part of the technology sector, with shares down 13.2% year-to-date as of the close of trading on Thursday.
  • TheStreet Ratings rates Activision Blizzard as a buy, citing revenue growth, solid stock performance, and impressive earnings growth.
  • TheStreet Ratings rates International Business Machines as a hold, citing its increase in net income, good cash flow, and expanding profit margins.
  • TheStreet Ratings rates Oracle Corporation as a hold, citing its reasonable valuation levels, solid financial position, and expanding profit margins.

Statistics:

  • The Dow Jones Industrial Average is trading up 104 points (0.6%) at 17,836 as of Friday, Nov. 20, 2015, 11:55 AM ET.
  • The NYSE advances/declines ratio sits at 1,952 issues advancing vs. 981 declining with 162 unchanged.
  • Activision Blizzard is up 2.1% to $37.80 on light volume.
  • International Business Machines is up 1.4% to $138.70 on average volume.
  • Oracle Corporation is up 1.2% to $39.48 on light volume.
  • Activision Blizzard has a market cap of $27.0 billion.
  • International Business Machines has a market cap of $131.8 billion.
  • Oracle Corporation has a market cap of $165.0 billion.
  • Activision Blizzard has 13 analysts rating it a buy, no analysts rating it a sell, and 2 rating it a hold.
  • International Business Machines has 5 analysts rating it a buy, 2 analysts rating it a sell, and 8 rating it a hold.
  • Oracle Corporation has 14 analysts rating it a buy, 2 analysts rating it a sell, and 9 rating it a hold.

Sources:

  • TheStreet
  • Yahoo Finance
  • Bloomberg
  • TheStreet Ratings reports on Activision Blizzard, International Business Machines, and Oracle Corporation