Two Ways to Play: Google May Expand With Yelp
Strengthen your portfolio in good times and bad.
For those not familiar with Yelp, the company is the leading local business search site. It makes money by selling ads on top of its search results to local businesses for anywhere from $300 to a $1,000 per month. The site is also extremely valuable for users looking for reviews of the local businesses.
According to TechChrunch, the two companies are in discussions with a reported price tag of $500 million.
From the Bull Pen: For those looking for exposure to Internet stocks, consider AOL (AOL). The company was just initiated with a Neutral rating by Goldman Sachs. After shooting up to $27 per share, the stock has fallen back near its offering price of $23. Those bullish could initiate a position here with a stop loss at $20.
From the Bear Cave: Yahoo! (YHOO) has shown some strength over the past week but the run maybe over as the stock makes an attempt at its 50-DMA. Those bearish could initiate a short position here with a buy stop at $16.50.
A Quick Check Around the World:
Asian trading closed with the Nikkei -0.21%, India -1.03%, Hang Seng -0.80%, Shanghai -2.05%, and Taiwan 0.15%.
Across the pond, we see the FTSE 0.66%, CAC -0.04%, DAX 0.55%, Swiss Market 0.24%, ATX 0.60%, and Stockholm -0.19%.
Over in commodities, crude oil is trading +1.27 to 75.34 while gold is trading +2.70 to 1110.20 this morning.
A quick check of the EUR/USD +.0027 to 1.4367 and the USD/JPY +21 to 90.16.
Have a great day!
What ETF returned subscribers to our Grail ETF & Equity Investor newsletter 22% in just one month? Find out with your FREE trial and don't miss the next big trade.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter