3 Stocks Pushing The Internet Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 19 points (-0.1%) at 13,006 as of Monday, Dec. 3, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,239 issues advancing vs. 1,655 declining with 129 unchanged.

The Internet industry currently sits down 0.8% versus the S&P 500, which is down 0.1%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. SouFun Holdings ( SFUN) is one of the companies pushing the Internet industry higher today. As of noon trading, SouFun Holdings is up $0.97 (4.5%) to $22.52 on heavy volume Thus far, 252,536 shares of SouFun Holdings exchanged hands as compared to its average daily volume of 216,400 shares. The stock has ranged in price between $21.58-$22.66 after having opened the day at $21.58 as compared to the previous trading day's close of $21.55.

SouFun Holdings Limited operates a real estate Internet portal in the People's Republic of China. SouFun Holdings has a market cap of $1.7 billion and is part of the technology sector. The company has a P/E ratio of 15.3, below the S&P 500 P/E ratio of 17.7. Shares are up 47.5% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate SouFun Holdings a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates SouFun Holdings as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and increase in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full SouFun Holdings Ratings Report now.

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2. As of noon trading, Qihoo 360 Technology ( QIHU) is up $2.76 (11.0%) to $27.75 on heavy volume Thus far, 5.4 million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $25.23-$27.86 after having opened the day at $25.47 as compared to the previous trading day's close of $24.99.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $3.0 billion and is part of the technology sector. The company has a P/E ratio of 73.9, above the S&P 500 P/E ratio of 17.7. Shares are up 60.2% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Qihoo 360 Technology as a hold. 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 and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Qihoo 360 Technology Ratings Report now.

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1. As of noon trading, Baidu ( BIDU) is up $1.36 (1.4%) to $97.66 on light volume Thus far, 2.0 million shares of Baidu exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $96.50-$97.80 after having opened the day at $96.93 as compared to the previous trading day's close of $96.31.

Baidu, Inc. provides Internet search services. The company offers a Chinese language search platform on its Website, Baidu.com; and a Japanese language search platform on its Website, Baidu.jp. Baidu has a market cap of $34.6 billion and is part of the technology sector. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are down 15.0% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Baidu a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Baidu as a buy. 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Baidu Ratings Report now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the internet industry could consider First Trust Dow Jones Internet Idx ( FDN) while those bearish on the internet industry could consider ProShares Ultra Short Technology ( REW).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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