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, Yahoo rose $0.85 (2.3%) to $38.47 on average volume. Throughout the day, 15,443,404 shares of Yahoo exchanged hands as compared to its average daily volume of 17,239,300 shares. The stock ranged in a price between $37.74-$38.48 after having opened the day at $37.80 as compared to the previous trading day's close of $37.62. Other companies within the Internet industry that increased today were:
), up 12.7%,
), up 9.8%,
), up 9.3% and
), up 7.5%.
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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 $37.8 billion and is part of the technology sector. Shares are down 7.0% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Yahoo a buy, no analysts rate it a sell, and 13 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Yahoo Ratings Report.
On the negative front,
), down 16.4%,
), down 6.9%,
), down 3.4% and
), down 3.4%.
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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.