3 Stocks Driving The Internet Industry Higher

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.

All three major indices traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.2%) at 16,487 as of Friday, May 16, 2014, 3:55 PM ET. The NYSE advances/declines ratio sits at 1,578 issues advancing vs. 1,383 declining with 164 unchanged.

The Internet industry as a whole closed the day down 0.5% versus the S&P 500, which was up 0.3%. Top gainers within the Internet industry included Selectica ( SLTC), up 2.2%, Internet Initiative Japan ( IIJI), up 3.7%, Rediff.com India ( REDF), up 4.8%, TheStreet ( TST), up 4.0% and Sify Technologies ( SIFY), up 4.1%.

TheStreet Ratings Group would like to highlight 3 stocks pushing the industry higher today:

Rediff.com India ( REDF) is one of the companies that pushed the Internet industry higher today. Rediff.com India was up $0.10 (4.8%) to $2.18 on heavy volume. Throughout the day, 268,581 shares of Rediff.com India exchanged hands as compared to its average daily volume of 64,800 shares. The stock ranged in a price between $2.10-$2.27 after having opened the day at $2.11 as compared to the previous trading day's close of $2.08.

Rediff.com India has a market cap of $61.6 million and is part of the technology sector. Shares are down 10.3% year-to-date as of the close of trading on Thursday.

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

Highlights from TheStreet Ratings analysis on REDF go as follows:

You can view the full analysis from the report here: Rediff.com India Ratings Report

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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