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Canaccord Genuity on Apple, Harley-Davidson, and Yahoo


Apple unveils a smaller iPad, Harley-Davidson posts its best gain in more than a year, and Yahoo touches a 52-week high.

Yahoo (NASDAQ:YHOO): We found all of this through Google.

Yahoo touched a 52-week high after new CEO Marissa Mayer outlined her turnaround strategy for the biggest US Web portal, emphasizing mobile technology and personalized services. The third-quarter results announced Monday weren't astounding, but they were better than analysts anticipated. Most importantly, Yahoo's net revenue crept higher for the third straight year. Mayer, the company's fifth CEO in four years, said on a conference call with analysts that she aims to grow as fast as competitors in online search, display advertising, mobile applications, and products such as email.

Mayer also plans to focus on small acquisitions of less than $100 million rather than large deals, and expects to move workers around within Yahoo instead of cutting large groups of employees. "Our vision and direction for Yahoo is to make the world's daily habits inspiring and entertaining," Mayer said. "We'll become a growth company by inspiring and delighting our users."

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No positions in stocks mentioned.
Canaccord Financial and its affiliated companies may have a Corporate Finance or other relationship with the companies mentioned and may trade in any of the Designated  Investments mentioned herein either for their own account or the accounts of their customers, in good faith and in the normal course of market making. The authors have not received, and will not receive, compensation that is directly based upon or linked to one or more specific Corporate Finance activities, or to coverage herein.
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