Google Inc. (GOOG): Today's Featured Internet Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 2.9%. By the end of trading, Google fell $16.24 (-1.9%) to $850.15 on average volume. Throughout the day, 1,720,429 shares of Google exchanged hands as compared to its average daily volume of 2,130,500 shares. The stock ranged in price between $847.90-$863.73 after having opened the day at $859.62 as compared to the previous trading day's close of $866.39. Other companies within the Internet industry that declined today were:
(
), down 14.1%,
(
), down 8.1%,
(
), down 7.1% and
(
), down 6.4%.
Google Inc., a technology company, builds products and provides services to organize the information and make it universally accessible and useful. Google has a market cap of $238.4 billion and is part of the technology sector. Shares are up 23.0% year to date as of the close of trading on Monday. Currently there are 26 analysts that rate Google a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Google Ratings Report.
- Use our internet section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the internet industry could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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