Google Inc Class C (GOOG): 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.

Google Inc Class C ( GOOG) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 2.2%. By the end of trading, Google Inc Class C rose $9.24 (1.7%) to $564.14 on heavy volume. Throughout the day, 3,279,549 shares of Google Inc Class C exchanged hands as compared to its average daily volume of 2,005,800 shares. The stock ranged in a price between $552.95-$565.37 after having opened the day at $559.62 as compared to the previous trading day's close of $554.90. Other companies within the Internet industry that increased today were: Net Element ( NETE), up 8.4%, 58.com ( WUBA), up 8.2%, Wix.com ( WIX), up 7.8% and Zillow ( Z), up 7.7%.

Google Inc., a technology company, builds products and provides services to organize the information. Google Inc Class C has a market cap of $181.5 billion and is part of the technology sector. Shares are unchanged year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Google Inc Class C a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Google Inc Class C 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, solid stock price performance, growth in earnings per share and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, eLong ( LONG), down 2.3% and LiveDeal ( LIVE), down 2.2%.

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).

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