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.
Google (
GOOG) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 0.3%. By the end of trading, Google rose $13.96 (1.8%) to $806.85 on average volume. Throughout the day, 2.9 million shares of Google exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in a price between $795.28-$807 after having opened the day at $795.99 as compared to the previous trading day's close of $792.89. Other companies within the Internet industry that increased today were:
Deltathree (
DDDC), up 66.7%,
Geeknet (
GKNT), up 8.9%,
support.com (
SPRT), up 7.4%, and
Digital River (
DRIV), up 4.5%.
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Google Inc., a technology company, builds products and provides services to organize the information and make it universally accessible and useful. Google has a market cap of $212.1 billion and is part of the technology sector. The company has a P/E ratio of 24.4, above the S&P 500 P/E ratio of 17.7. Shares are up 12.1% year to date as of the close of trading on Friday. Currently there are 22 analysts that rate Google a buy, no analysts rate it a sell, and eight rate it a hold.
TheStreet Ratings rates Google 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, solid stock price performance, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
On the negative front,
Remark Media (
MARK), down 20.3%,
Trulia (
TRLA), down 11%,
Yandex (
YNDX), down 10.1%, and
MeetMe (
MEET), down 7.7%, were all laggards within the internet industry with
Baidu (
BIDU) being today's internet industry laggard.
For investors not wanting singular stock exposure, 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).
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