Google Inc. (GOOG): Today's Featured Internet Laggard

Google (GOOG) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 1.3%. By the end of trading, Google fell $3.93 (-0.6%) to $628.75 on average volume. Throughout the day, 1.9 million shares of Google exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in price between $623.41-$638.03 after having opened the day at $625.51 as compared to the previous trading day's close of $632.68. Other company's within the Internet industry that declined today were: Deltathree (DDDC), down 20%, Earthlink (ELNK), down 10.4%, MeetMe (MEET), down 7.3%, and Kayak Software (KYAK), down 6.9%.

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Google Inc., a technology company, maintains an index of Web sites and other online content for users, advertisers, and Google network members and other content providers. Google has a market cap of $165.82 billion and is part of the technology sector. The company has a P/E ratio of 24.6, above the average internet industry P/E ratio of 18.8 and above the S&P 500 P/E ratio of 17.7. Shares are down 2% year to date as of the close of trading on Wednesday. Currently there are 29 analysts that rate Google a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Google 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, reasonable valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider First Trust Dow Jones Internet Idx (FDN) while those bearish on the internet industry could consider ProShares Ultra Short Technology (REW).

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For more information on Google Inc. click any of the following:

• Google Inc. Stock Price

• Google Inc. Analyst Ratings

• Google Inc. Key Stats & Profile

• Google Inc. Earnings

• Google Inc. Ratio Comparison

• Google Inc. Growth Rates

• Google Inc. Balance Sheet

• Google Inc. Cash Flow

• Google Inc. Income Statement