Yandex NV (YNDX): 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.

Yandex ( YNDX) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 1.4%. By the end of trading, Yandex fell $2.54 (-6.4%) to $37.29 on heavy volume. Throughout the day, 9,903,129 shares of Yandex exchanged hands as compared to its average daily volume of 2,871,300 shares. The stock ranged in price between $36.00-$38.97 after having opened the day at $37.66 as compared to the previous trading day's close of $39.83. Other companies within the Internet industry that declined today were: eLong ( LONG), down 6.1%, Selectica ( SLTC), down 3.9%, ChinaCache International Holdings ( CCIH), down 3.6% and Autohome Inc ADR ( ATHM), down 3.1%.

Yandex N.V. operates an Internet search engine in Russia and internationally. Yandex has a market cap of $10.4 billion and is part of the technology sector. Shares are down 7.7% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Yandex a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Yandex 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, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Dealertrack Technologies ( TRAK), up 15.2%, HomeAway ( AWAY), up 12.6%, Net Element ( NETE), up 12.4% and Taomee Holdings ( TAOM), up 11.4% , were all gainers within the internet industry with Qihoo 360 Technology ( QIHU) 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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