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Computer industry

Tech Stocks Push Industry Higher Amid Market Volatility

Strategic Insights

— 2 min read

TheStreet Wire reports that the Dow Jones Industrial Average (http://www.thestreet.com/quote/%5eDJI.html) (^DJI (http://www.thestreet.com/quote/%5eDJI.html)) dropped 68 points (-0.4%) to 17,730 on Monday, November 30, 2015, as the NYSE advances/declines ratio stood at 1,462 issues advancing vs. 1,508 declining with 167 unchanged. Despite the market volatility, three tech stocks - Infosys, International Business Machines, and Microsoft - pushed the Computer Software & Services industry higher.

Key Takeaways:

  • Infosys (http://www.thestreet.com/quote/infy.html?cm_ven_int=tstwire) (INFY (http://www.thestreet.com/quote/infy.html?cm_ven_int=tstwire)) rose 5.5% as the company's strengths include revenue growth, solid financial position, reasonable valuation levels, and growth in earnings per share.
  • International Business Machines (http://www.thestreet.com/quote/ibm.html?cm_ven_int=tstwire) (IBM (http://www.thestreet.com/quote/ibm.html?cm_ven_int=tstwire)) increased 0.8% as its strengths include an increase in net income, good cash flow from operations, and expanding profit margins.
  • Microsoft (http://www.thestreet.com/quote/msft.html?cm_ven_int=tstwire) (MSFT (http://www.thestreet.com/quote/msft.html?cm_ven_int=tstwire)) gained 0.7% as the company's strengths include a solid stock price performance, increase in net income, reasonable valuation levels, expanding profit margins, and good cash flow from operations.
  • All three stocks have a high number of analysts with a buy rating, with 3 analysts rating Infosys a buy, 6 analysts rating International Business Machines a buy, and 14 analysts rating Microsoft a buy.
  • The Computer Software & Services industry has seen shares of companies like CSC (http://www.thestreet.com/quote/csc.html?cm_ven_int=tstwire)) (CSC (http://www.thestreet.com/quote/csc.html?cm_ven_int=tstwire)) rise, although there are also concerns about the industry's high debt management risk and feeble growth in earnings per share.

Statistics:

  • Infosys has a market cap of $37.0 billion and is part of the technology sector.
  • International Business Machines has a market cap of $133.9 billion and is part of the technology sector.
  • Microsoft has a market cap of $428.9 billion and is part of the technology sector.
  • The Dow Jones Industrial Average dropped 68 points (-0.4%) to 17,730 on Monday, November 30, 2015.
  • The NYSE advances/declines ratio stood at 1,462 issues advancing vs. 1,508 declining with 167 unchanged.
  • The Computer Software & Services industry is currently up 0.1% versus the S&P 500, which is down 0.3%.

Sources:

  • TheStreet Wire
  • TheStreet Rating
  • Yahoo Finance (http://finance.yahoo.com/quote/%5eDJI/history)
  • Yahoo Finance (http://finance.yahoo.com/quote/infy/history)
  • Yahoo Finance (http://finance.yahoo.com/quote/igv/history)
  • Yahoo Finance (http://finance.yahoo.com/quote/rex/history)

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