Qihoo 360 Technology Co. Ltd. (QIHU): Today's Featured Internet Winner

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.

Qihoo 360 Technology ( QIHU) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 1.7%. By the end of trading, Qihoo 360 Technology rose $2.41 (3.0%) to $84.20 on average volume. Throughout the day, 3,050,743 shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2,563,200 shares. The stock ranged in a price between $82.00-$85.58 after having opened the day at $82.20 as compared to the previous trading day's close of $81.79. Other companies within the Internet industry that increased today were: Local ( LOCM), up 18.9%, Bitauto Holdings ( BITA), up 11.3%, Taomee Holdings ( TAOM), up 8.6% and Autobytel ( ABTL), up 8.2%.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $10.0 billion and is part of the technology sector. Shares are up 175.5% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Qihoo 360 Technology 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, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the negative front, Opentable ( OPEN), down 3.3%, ChinaNet Online Holdings ( CNET), down 2.9%, Internap Network Services ( INAP), down 2.0% and Geeknet ( GKNT), down 1.9% , were all laggards within the internet industry with Zillow ( Z) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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