One Factor Driving Yahoo (YHOO) Stock Up Today

NEW YORK (TheStreet) -- Yahoo!  (YHOO) rose Tuesday after Stifel Nicolaus analyst Jordan Rohan recommended the company as a top pick after the pullback in technology stocks in recent days.

Rohan, a managing director at Stifel Nicolaus, appeared on CNBC's Halftime Report and shared his four top picks of Yahoo!, RetailMeNot  (SALE), Facebook  (FB) and Netflix  (NFLX).

"It's not just about their price in the market, which of course can swing based on the market's appetite for risk," he said. "Rather, I'm also pointing to earnings-related outperformance, or in the case of Yahoo!, a really easy-to-identify catalyst in the Alibaba IPO, which I still think will happen without a hitch in the third quarter. Therefore, I think investors are going to be forced to recalculate how cheap these companies are. They're essentially cheaper than they were a year ago."

The stock was up 2.3% to $33.85 at 2:49 p.m.

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


Separately, TheStreet Ratings team rates YAHOO INC as a "buy" with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate YAHOO INC (YHOO) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

If you liked this article you might like

Equifax Breach Reveals Frightening Truth: Companies Can Delay Disclosing Hacks

How Alibaba's 'Genie' Smart Speaker Can Overcome the Amazon Echo's 3-Year Head Start and Still Win

Facebook, Apple, Netflix and Google Have Caught the Flu -- Here's How Not to Get Killed By It

How to Play the Coming 'FANG Flu'

Travis Kalanick and the Terrible, Horrible, No Good, Very Bad Week