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Computer industry

Stocks Pushing the Computer Software & Services Industry Lower Today

Strategic Insights

— 2 min read

The Computer Software & Services industry is experiencing a decline due to several stocks dragging the industry down. As of noon trading, the Dow Jones Industrial Average is trading down 163 points (-0.9%) at 17,539.

The industry's decline can be attributed to the performance of companies like International Business Machines (IBM), which fell 0.9%, and Automatic Data Processing (ADP), which dropped 0.6%. Additionally, Accenture (ACN) experienced a 0.6% decline.

Key Takeaways:

  • The Computer Software & Services industry is experiencing a decline due to several stocks dragging the industry down.
  • International Business Machines (IBM) fell 0.9% as of noon trading, contributing to the industry's decline.
  • Automatic Data Processing (ADP) dropped 0.6% on light volume, with 382,416 shares exchanged compared to its average daily volume of 2.2 million shares.
  • Accenture (ACN) experienced a 0.6% decline on light volume, with 558,114 shares exchanged compared to its average daily volume of 2.7 million shares.
  • The industry's decline can be attributed to the performance of companies within the sector, including IBM, ADP, and ACN.
  • TheStreet Ratings rate IBM, ADP, and ACN as buys, highlighting their strengths in revenue growth, largely solid financial positions, and solid stock price performance.
  • The stocks mentioned are part of the technology sector, with IBM having a market cap of $30.7 billion and ADP having a market cap of $40.1 billion.

Statistics:

  • The Dow Jones Industrial Average is trading down 163 points (-0.9%) at 17,539 as of Thursday, Nov. 12, 2015, 11:55 AM ET.
  • The NYSE advances/declines ratio sits at 691 issues advancing vs. 2,260 declining with 136 unchanged.
  • IBM has a market cap of $30.7 billion and is part of the services sector.
  • ADP has a market cap of $40.1 billion and is part of the technology sector.
  • ACN has a market cap of $65.6 billion and is part of the technology sector.
  • IBM is up 0.9% year-to-date as of the close of trading on Wednesday.
  • ADP is up 4.6% year-to-date as of the close of trading on Wednesday.
  • ACN is up 17.7% year-to-date as of the close of trading on Wednesday.

Sources:

  • Thomson Reuters: "Thomson Reuters Corporation provides intelligent information for businesses and professionals worldwide."
  • Automatic Data Processing: "Automatic Data Processing, Inc., together with its subsidiaries, provides business process outsourcing services worldwide."
  • Accenture: "Accenture plc provides management consulting, technology, and outsourcing services worldwide."
  • TheStreet Ratings: "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, solid stock price performance, growth in earnings per share, and increase in net income."
  • TheStreet Ratings: "We feel its strengths outweigh the fact that the company shows weak operating cash flow."

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