Yelp Inc (YELP): Today's Featured Technology 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.

Yelp ( YELP) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.4%. By the end of trading, Yelp rose $0.93 (1.5%) to $63.79 on light volume. Throughout the day, 1,883,226 shares of Yelp exchanged hands as compared to its average daily volume of 3,647,100 shares. The stock ranged in a price between $62.25-$64.19 after having opened the day at $63.16 as compared to the previous trading day's close of $62.86. Other companies within the Technology sector that increased today were: eOn Communications Corporation ( EONC), up 27.7%, DragonWave ( DRWI), up 16.5%, Crossroads Systems ( CRDS), up 15.9% and Barracuda Networks ( CUDA), up 9.9%.

Yelp, Inc. operates, an online urban city guide that helps people find places to eat, shop, drink, relax, and play based on the informed opinions of a community of locals in the know. Yelp has a market cap of $3.6 billion and is part of the internet industry. Shares are up 232.2% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Yelp a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Yelp as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and feeble growth in its earnings per share.

On the negative front, Plug Power ( PLUG), down 18.4%, Hanwha SolarOne ( HSOL), down 15.0%, WPCS International ( WPCS), down 13.3% and Wireless Telecom Group ( WTT), down 10.0% , were all laggards within the technology sector with Seagate Technology ( STX) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector 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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