Yahoo! Inc (YHOO): Today's Featured Internet Laggard

Yahoo ( YHOO) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Yahoo fell $0.34 (-1.3%) to $25.13 on average volume. Throughout the day, 23,074,473 shares of Yahoo exchanged hands as compared to its average daily volume of 16,816,800 shares. The stock ranged in price between $24.89-$25.54 after having opened the day at $25.43 as compared to the previous trading day's close of $25.47. Other companies within the Internet industry that declined today were: Friendfinder Networks ( FFN), down 12.9%, ChinaNet Online Holdings ( CNET), down 4.8%, CGI Group ( GIB), down 4.1% and LiveDeal ( LIVE), down 2.9%.

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 $27.4 billion and is part of the technology sector. The company has a P/E ratio of 7.8, below the S&P 500 P/E ratio of 17.7. Shares are up 28.0% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Yahoo a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Mediabistro ( MBIS), up 22.2%, ModusLink Global Solutions ( MLNK), up 8.5%, Renren ( RENN), up 5.3% and Global Sources ( GSOL), up 4.7% , were all gainers within the internet industry with Groupon ( GRPN) 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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