3 Stocks Pushing The Internet Industry Lower

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 lower today:

3. Bankrate ( RATE) is one of the companies pushing the Internet industry lower today. As of noon trading, Bankrate is down $0.82 (-6.8%) to $11.21 on average volume Thus far, 494,001 shares of Bankrate exchanged hands as compared to its average daily volume of 692,600 shares. The stock has ranged in price between $11.07-$11.56 after having opened the day at $11.31 as compared to the previous trading day's close of $12.03.

Bankrate, Inc. publishes, aggregates, and distributes personal finance content on the Internet. Bankrate has a market cap of $1.2 billion and is part of the technology sector. The company has a P/E ratio of 26.2, above the S&P 500 P/E ratio of 17.7. Shares are down 43.9% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Bankrate a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Bankrate as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Bankrate Ratings Report now.

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2. As of noon trading, Yandex ( YNDX) is down $0.79 (-3.6%) to $21.03 on light volume Thus far, 538,350 shares of Yandex exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $21.00-$21.99 after having opened the day at $21.99 as compared to the previous trading day's close of $21.82.

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. It offers access to a range of information available online; localized homepages for specific geographic markets; and personalized and email services. Yandex has a market cap of $4.2 billion and is part of the technology sector. The company has a P/E ratio of 40.4, above the S&P 500 P/E ratio of 17.7. Shares are up 10.8% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Yandex a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Yandex as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. Get the full Yandex Ratings Report now.

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1. As of noon trading, Akamai Technologies ( AKAM) is down $0.59 (-1.6%) to $36.03 on average volume Thus far, 924,755 shares of Akamai Technologies exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $35.78-$36.75 after having opened the day at $36.73 as compared to the previous trading day's close of $36.62.

Akamai Technologies, Inc. provides content delivery and cloud infrastructure services for accelerating and improving applications over the Internet in the United States and internationally. Akamai Technologies has a market cap of $6.4 billion and is part of the technology sector. The company has a P/E ratio of 33.6, above the S&P 500 P/E ratio of 17.7. Shares are up 13.4% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Akamai Technologies a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Akamai Technologies as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Akamai Technologies 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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