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 higher today making it today's featured internet winner. The industry as a whole closed the day up 1.2%. By the end of trading, Google rose $11.76 (1.1%) to $1,034.07 on light volume. Throughout the day, 1,076,630 shares of Google exchanged hands as compared to its average daily volume of 1,846,600 shares. The stock ranged in a price between $1,026.00-$1,038.31 after having opened the day at $1,027.00 as compared to the previous trading day's close of $1,022.31. Other companies within the Internet industry that increased today were:
), up 10.0%,
), up 7.0%,
), up 6.4% and
), up 5.1%.
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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 $283.7 billion and is part of the technology sector. The company has a P/E ratio of 29.4, above the S&P 500 P/E ratio of 17.7. Shares are up 44.9% year to date as of the close of trading on Wednesday. Currently there are 23 analysts that rate Google a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. 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 compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Google Ratings Report.
On the negative front,
), down 5.0%,
), down 4.3%,
), down 3.4% and
), down 2.9% , were all laggards within the internet industry with
) being today's internet industry laggard.
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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
) while those bearish on the internet industry could consider
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