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Software industry

Technology Stocks Pushing the Industry Higher

Strategic Insights

— 2 min read

The technology sector continues to experience fluctuations in the market, with only one major index trading lower on Monday, November 16, 2015. The Dow Jones Industrial Average is up 71 points, or 0.4%, at 17,316 as of 11:55 AM ET. The Computer Software & Services industry is down 0.4% compared to the S&P 500, which is up 0.2%.

Three stocks are pushing the industry higher today: International Business Machines, Oracle Corporation, and Microsoft Corporation. International Business Machines is up $1.01, or 0.8%, to $132.76 on average volume, while Oracle Corporation is up $0.58, or 1.6%, to $37.88 on average volume. Microsoft Corporation is up $0.54, or 1.0%, to $53.38 on light volume.

Key Takeaways:

  • International Business Machines is up $1.01, or 0.8%, to $132.76 on average volume, driven by its increase in net income, good cash flow from operations, and expanding profit margins.
  • Oracle Corporation is up $0.58, or 1.6%, to $37.88 on average volume, with strengths including its reasonable valuation levels, largely solid financial position, and expanding profit margins.
  • Microsoft Corporation is up $0.54, or 1.0%, to $53.38 on light volume, with strengths including its solid stock price performance, increase in net income, reasonable valuation levels, expanding profit margins, and good cash flow from operations.
  • The stock has ranged in price between $131.79-$133.94 for International Business Machines, $37.56-$38.39 for Oracle Corporation, and $52.85-$53.46 for Microsoft Corporation.
  • Currently, there are 5 analysts who rate International Business Machines a buy, 2 who rate it a sell, and 8 who rate it a hold, with TheStreet Ratings rating the company as a hold.
  • Currently, there are 14 analysts who rate Oracle Corporation a buy, 2 who rate it a sell, and 9 who rate it a hold, with TheStreet Ratings rating the company as a hold.
  • Currently, there are 14 analysts who rate Microsoft Corporation a buy, 1 who rates it a sell, and 6 who rate it a hold, with TheStreet Ratings rating the company as a buy.

Statistics:

  • International Business Machines has a market cap of $129.1 billion and is down 17.9% year-to-date as of the close of trading on Friday.
  • Oracle Corporation has a market cap of $164.7 billion and is down 17.1% year-to-date as of the close of trading on Friday.
  • Microsoft Corporation has a market cap of $425.9 billion and is up 13.8% year-to-date as of the close of trading on Friday.
  • The Computer Software & Services industry is down 0.4% compared to the S&P 500, which is up 0.2%.

Sources:

  • "http://www.thestreet.com/quote/%5eDJI.html" ^
  • "http://www.thestreet.com/quote/ibm.html?cm_ven_int=tstwire" (IBM)
  • "http://www.thestreet.com/quote/orcl.html?cm_ven_int=tstwire" (ORCL)
  • "http://www.thestreet.com/quote/msft.html?cm_ven_int=tstwire" (MSFT)
  • "http://www.thestreet.com/r/ratings/reports/ir-screener.html?action=hold?cm_ven_int=tstwire"
  • "http://secure2.thestreet.com/cap/prm.do?OID=019546&ticker=IBM"
  • "http://secure2.thestreet.com/cap/prm.do?OID=019546&ticker=ORCL"
  • "http://secure2.thestreet.com/cap/prm.do?OID=019546&ticker=MSFT"
  • "http://www.thestreet.com/quote/IGV.html?cm_ven_int=tstwire" (IGV)
  • "http://www.thestreet.com/quote/REW.html?cm_ven_int=tstwire" (REW)

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