Google Inc. (GOOG): Internet's Featured Underperformer Of The Day

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 lower today making it today's featured Internet laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Google fell $11.13 (-1.4%) to $795.07 on average volume. Throughout the day, 2.4 million shares of Google exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in price between $791.30-$805.75 after having opened the day at $804.25 as compared to the previous trading day's close of $806.20. Other companies within the Internet industry that declined today were: Net Element International ( NETE), down 8.5%, Global Sources ( GSOL), down 6.1%, Selectica ( SLTC), down 3.1%, and Phoenix New Media ( FENG), down 2.9%.
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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 $217.49 billion and is part of the technology sector. The company has a P/E ratio of 25, above the S&P 500 P/E ratio of 17.7. Shares are up 14% year to date as of the close of trading on Wednesday. Currently there are 24 analysts that rate Google a buy, no analysts rate it a sell, and seven 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Deltathree ( DDDC), up 25%, SouFun Holdings ( SFUN), up 6.9%, Vocus ( VOCS), up 5.3%, and CafePress ( PRSS), up 3.4%, were all gainers within the internet industry with Equinix ( EQIX) being today's featured internet industry leader.

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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