SAN FRANCISCO -- The Internet sector continues to have a strong subsector: stocks that are splitting.
Writing in his weekly report on Internet stocks,
BancBoston Robertson Stephens
analyst Keith Benjamin said the recent gains in the sector are the result of the "irrational impact of daytraders" and cautions against chasing the stocks, even if the overall fundamentals of the companies are sound.
"We believe it might make sense to divide our universe into two groups, daytraded and non-daytraded, focusing on smaller news items as catalysts for the former and strategic positioning for the latter," he writes.
Stocks that are splitting in the near future are trading firmer today.
was trading up 9 3/16, or 3%, at 293 5/8;
climbed 23 3/8, or 15%, to 181;
increased 2 3/4, or 1.5%, to 187 9/16; and
jumped 15 1/8, or 12%, to 141 1/4.
Many of the stocks experiencing these gains today were up significantly for most of Thursday before selling off
late in the session.
Benjamin also had some positive words about Network Solutions, saying that final guidelines from the
Internet Corporation for Assigned Names and Numbers
"appear to allow NSOL to continue growing dramatically with minimal competition."
"We do not believe any company will easily be able to approach NSOL's marketing muscle, which is based on many exclusive deals," Benjamin wrote. "As the last set of news is announced over the next weeks, we believe investors will feel more confident in NSOL's leadership position."
More IPO Madness
, an online community geared toward women, skyrocketed to as high as 100 today and were trading 55 higher lately at 79. That's a 227% gain from where the stock was priced Thursday night.
iVillage was originally priced from 12 to 14, but that was soon upped to 24, a move which indicated strong demand.
Also on the IPO front today is
, which -- as should be evident from its name -- sells discount airline tickets. Cheap Tickets was priced at 15 Thursday and was lately trading up 17 1/4, or 115%, to 32 1/4.