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VIDEOTicker Shock: Why Yahoo Is a Better Bet Than Google
Friday's top stories and stocks with potential to move.
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The word is it’s going to be a beautiful weekend, but I’m not sure I’ll get to enjoy it all that much. My wife has already given me the “honey do” list, and at the top: Power-washing a fence and painting the shed. I hope your weekend ends up being more fun than mine. Still - TGIF!
Asian stocks closed in positive territory. The Hang Seng ended up a fraction, while the Nikkei was a little more than 1.7%. Europe was is in positive territory earlier this morning as well. And here in the US we're currently trading higher.
Here's what I’m focused on this morning:
Google (GOOG): 
Seemingly, all eyes were peeled for the California-based company’s first-quarter results after the bell the last night. And to its credit, it delivered.
More specifically, it earned $5.16 a share, excluding items - much better than the $4.93 a share the Street had been looking for. Meanwhile, the $5.5 billion in revenue it turned in looked pretty much in the ballpark of what analysts had been expecting.
Of course, not all is peaches and cream.
Per the Associated Press:
" 'No company is recession-proof,' Google Chief Executive Eric Schmidt told analysts in a Thursday conference call. 'Google is absolutely feeling the impact.' Schmidt offered no guesses on when the conditions might improve, emphasizing the global economy remains in 'uncharted territory.' "
Given the choice, I’d rather belly up to Yahoo (YHOO) right now. On a percentage basis, I have a hunch it could have even more room to run in the coming year than Google. For some more of my thoughts on Yahoo and its prospects, see Ticker Shock: Yahoo Climbs Back Into Bed with Microsoft?
Citigroup (C): The 1-time high flyer and now sub-$5 stock was out with its first-quarter numbers this morning.
It lost $0.18 a share, whereas the Street had been looking for a loss of $0.34.
That's good news, although I’m not exactly ready to say that the company is the picture of health. Like most banks, it still has a ways to go. 
I have to admit I’m kicking myself a bit because I didn’t hop on board the train when the shares were flirting with the $1 mark. That said, they’ve had such a nice run (as have the rest of the financials) that I don’t want to be chasing the stock at this point, either.
I’ll keep my eyes peeled and my ear to the ground, but for now, I’m punting on this one.
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