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 was unchanged today. By the end of trading, Yahoo fell $0.50 (-1.8%) to $27.36 on average volume. Throughout the day, 25,161,844 shares of Yahoo exchanged hands as compared to its average daily volume of 17,503,000 shares. The stock ranged in price between $27.21-$28.04 after having opened the day at $28.03 as compared to the previous trading day's close of $27.86. Other companies within the Internet industry that declined today were:
), down 7.6%,
), down 4.6%,
), down 3.1% and
), down 2.8%.
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Yahoo! Inc., a technology company, provides search, content, and communication tools on the Web and on mobile devices worldwide. Yahoo has a market cap of $31.5 billion and is part of the technology sector. Shares are up 40.0% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Yahoo a buy, 1 analyst rates it a sell, and 16 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, reasonable valuation levels and expanding profit margins. 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 Yahoo Ratings Report.
On the positive front,
), up 11.4%,
), up 5.7%,
), up 5.4% and
), up 4.4%.
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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
- Find other investment ideas from our top rated ETFs lists.