3 Internet Stocks Moving The Industry Upward

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 54 points (0.3%) at 18,054 as of Thursday, June 11, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,776 issues advancing vs. 1,216 declining with 167 unchanged.

The Internet industry currently is unchanged today versus the S&P 500, which is up 0.2%. A company within the industry that fell today was Yahoo ( YHOO), up 2.6%.

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

3. Qihoo 360 Technology ( QIHU) is one of the companies pushing the Internet industry higher today. As of noon trading, Qihoo 360 Technology is up $2.67 (4.2%) to $65.81 on heavy volume. Thus far, 3.8 million shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $63.34-$67.00 after having opened the day at $63.55 as compared to the previous trading day's close of $63.14.

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Qihoo 360 Technology Co. Ltd., through its subsidiaries, provides Internet services in the People's Republic of China. The company operates through Internet Services and Others segments. Qihoo 360 Technology has a market cap of $7.9 billion and is part of the technology sector. Shares are up 10.3% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts who rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Qihoo 360 Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, growth in earnings per share, increase in net income and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Qihoo 360 Technology Ratings Report now.

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2. As of noon trading, Baidu ( BIDU) is up $3.14 (1.5%) to $207.77 on average volume. Thus far, 1.3 million shares of Baidu exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $204.89-$208.00 after having opened the day at $204.89 as compared to the previous trading day's close of $204.63.

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Baidu, Inc. provides Internet search services in China and internationally. Baidu has a market cap of $71.1 billion and is part of the technology sector. Shares are down 10.2% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate Baidu a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Baidu 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, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Baidu Ratings Report now.

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1. As of noon trading, Amazon.com ( AMZN) is up $4.20 (1.0%) to $434.97 on average volume. Thus far, 1.8 million shares of Amazon.com exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $431.47-$438.89 after having opened the day at $432.29 as compared to the previous trading day's close of $430.77.

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Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates in two segments, North America and International. Amazon.com has a market cap of $198.1 billion and is part of the services sector. Shares are up 38.8% year-to-date as of the close of trading on Wednesday. Currently there are 16 analysts who rate Amazon.com a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Amazon.com as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Amazon.com Ratings Report now.

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If you are interested in one of these 3 stocks, 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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