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 up 0.1%. By the end of trading, Yahoo fell $0.28 (-1.0%) to $27.70 on light volume. Throughout the day, 9,522,156 shares of Yahoo exchanged hands as compared to its average daily volume of 16,985,900 shares. The stock ranged in price between $27.70-$28.04 after having opened the day at $27.99 as compared to the previous trading day's close of $27.99. Other companies within the Internet industry that declined today were:
), down 8.4%,
), down 5.3%,
), down 4.5% and
), down 3.8%.
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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 $28.5 billion and is part of the technology sector. Shares are up 40.7% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Yahoo a buy, 1 analyst rates it a sell, and 12 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 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 Yahoo Ratings Report.
On the positive front,
), up 10.6%,
), up 7.4%,
), up 6.0% and
), up 4.2% , were all gainers within the internet industry with
) being today's featured internet industry leader.
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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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