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 down 0.6%. By the end of trading, Mercadolibre rose $3.39 (3.0%) to $115.62 on heavy volume. Throughout the day, 1,052,105 shares of Mercadolibre exchanged hands as compared to its average daily volume of 593,900 shares. The stock ranged in a price between $110.87-$115.75 after having opened the day at $111.09 as compared to the previous trading day's close of $112.23. Other companies within the Internet industry that increased today were:
), up 32.7%,
), up 6.9%,
), up 6.6% and
), up 4.2%.
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MercadoLibre, Inc. hosts online commerce platforms in Latin America. Its services are designed to provide users with mechanisms for buying, selling, paying, collecting, generating leads, and comparing listings through e-commerce transactions. Mercadolibre has a market cap of $5.0 billion and is part of the technology sector. Shares are up 43.9% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Mercadolibre a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
. 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, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Mercadolibre Ratings Report.
On the negative front,
), down 9.9%,
), down 6.6%,
), down 5.8% and
), down 5.5% , 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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