IAC/InterActiveCorp (IACI): Today's Featured Internet Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

IAC/InterActiveCorp ( IACI) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 0.1%. By the end of trading, IAC/InterActiveCorp fell $2.02 (-3.8%) to $50.61 on heavy volume. Throughout the day, 3,682,731 shares of IAC/InterActiveCorp exchanged hands as compared to its average daily volume of 1,055,700 shares. The stock ranged in price between $48.65-$53.31 after having opened the day at $52.95 as compared to the previous trading day's close of $52.63. Other companies within the Internet industry that declined today were: Friendfinder Networks ( FFN), down 16.3%, Deltathree ( DDDC), down 11.2%, Digital River ( DRIV), down 9.8% and CafePress ( PRSS), down 7.7%.

IAC/InterActiveCorp operates as a media and Internet company in the United States and internationally. IAC/InterActiveCorp has a market cap of $4.3 billion and is part of the technology sector. Shares are up 9.6% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate IAC/InterActiveCorp a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates IAC/InterActiveCorp as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth, attractive valuation levels, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, ChinaNet Online Holdings ( CNET), up 16.6%, TechTarget ( TTGT), up 12.8%, CGI Group ( GIB), up 10.3% and YY ( YY), up 8.2% , were all gainers within the internet industry with Youku Tudou ( YOKU) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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