Yahoo! Inc (YHOO)

YHOO (NASDAQ:Internet) EQUITY
$26.75
neg -0.35
-1.30%
Today's Range: 26.15 - 26.97 | YHOO Avg Daily Volume: 17,444,500
Last Update: 02/11/16 - 3:59 PM EST
Volume: 11,136,093
YTD Performance: -18.52%
Open: $26.45
Previous Close: $27.10
52 Week Range: $26.48 - $46.17
Oustanding Shares: 944,355,144
Market Cap: 25,327,604,962
6-Month Chart
TheStreet Ratings Grade for YHOO
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 17 17 17 17
Moderate Buy 3 3 3 3
Hold 10 9 9 9
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.77 1.72 1.72 1.72
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: 45.46
Price Earnings Comparisons:
YHOO Sector Avg. S&P 500
45.46 0.00 27.19
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-20.27% -37.08% 32.20%
GROWTH 12 Mo 3 Yr CAGR
Revenue -1.30 0.00 0.00
Net Income -100.00 -2.10 0.00
EPS -100.00 -2.40 0.00
Earnings for YHOO:
EBITDA 0.58B
Revenue 4.97B
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
Tesla (TSLA), which I put on my "Best Short Ideas" list in October and made my "Short Trade of the Week" on Jan. 28, fell from $275 last July to around $153 this morning (dropping -$13 on Friday alone). Facebook (FB) has fallen from $115 on Feb. 1 to about $101 today (and -$7 on Friday). Amazon (AMZN) has tumbled from nearly $694 on Dec. 29 to $479 this morning (down $36 on Friday). Netflix (NFLX), which is also on my "Best Short Ideas" list, has tanked from almost $131 on Dec. 4 to $81 at last check this morning (including -$7 on Friday). Alphabet/Google (GOOG, GOOGL) has dropped from nearly $795 on Dec. 29 to around $695 for GOOG so far today (-$24.44 on Friday). I've been short on the TFANGs with the exception of Alphabet. (I profitably covered my FB and AMZN shorts recently, but remain short on NFLX and TSLA). A Little History The market's technical complexion began to change in late 2014, with Wall Street's leadership narrowing.  I consistently warned at the time that historically, a narrowing market bodes poorly for stocks' major indices. Typically, leadership narrows because around 98% of stocks are facing challenges while the remaining 2% float in euphoria. But mathematically, the major indices' few winners can't long disguise what's going on with everyone else. Nonetheless, investors embraced the TFANGs for seven years. To paraphrase Peter, Paul and Mary: "Puffed, the Magic Dragon Lived by the sea. And frolicked in the autumn mist In a land called Silicon Valley." But last March in The Power of Free, I warned that while social-media and the technology disruptors like the TFANGs might be at the edge of huge innovations, they might also represent "profitless prosperity." As I wrote at the time: "For me, at these valuations and within the context of the broader market's levels, there is a bit of you either are a believer or you aren't. Obviously, anything can happen in the short term, and more power to profitable trading. As an investment, however, the markets (and their valuations) seem to be saying that Facebook, OpenTable, Priceline (PCLN), TripAdvisor (TRIP), Yelp (YELP), GrubHub (GRUB), LinkedIn (LNKD), Salesforce (CRM) and that ilk are indeed not just changing the world for consumers and corporations, but are going to be profit machines for decades. That is not hyperbole. Being here to stay, which is even uncertain for some of the aforementioned names, is not even close to good enough, in my humble opinion. I am not a believer in social media, new tech, sustainable profit margins of the cloud, the endless power of big data, the optimistic prospects for smart advertising and the like being profit machines for decades. I am not even a believer that a majority of these companies will be profit machines, ever. Rather, the new social-media paradigm is reminiscent of another new paradigm infamously featured in a column in Wired Magazine back in 1997: The Long Boom: A History of the Future 1980-2020. Written by Peter Schwartz and Peter Leyden, the article started with the following summary of view that proved to turn out poorly, as two recessions (one was shallow; the other represented the deepest contraction in nearly 80 years) followed soon after during the next decade: 'We're facing 25 years of prosperity, freedom, and a better environment for the whole world. You got a problem with that?' -- Doug's Daily Diary, The Power of Free (March 9, 2015) Given the deep recent drops in the TFANGs, LNKD and DATA, we must now ask: What were investors thinking when the TFANGs were a lot higher? My answer: Onc
As we're talking ourselves into a recession, pressures on executives increase.
U.S. jobs numbers push equities futures lower.
The market is almost unplayable for most. A crude reversal likely was the catalyst for the turnaround, as quants ran on board the train from the morning lows. As I mentioned this morning, there is little edge or trend right now. If you trade, keep your value at risk (VAR) low because the large swings can produce big profit/loss changes on relatively small positions. Volatility "cubed" in a market dominated by machines and algos that don't look at income statements or balance sheets and have no concept of intrinsic value. It's in Nowhere Land, at least on a short term basis.  But I am of the view that the primary/intermediate trend is lower -- time to trade and be careful with investments. I still look for a low double-digit decline in the S&P 500 in 2016. Ss (S&P) over Ns (Nasdaq) and Rs flat (Russell). I traded actively today with some success, trying to be opportunistic and trying to embrace panic and euphoria. In other words, "Get It While You Can" is my mantra.  I ended the day market-neutral, shorting SPDR S&P 500 ETF (SPY) on a 40-handle move off the lows ($191.35).  My five largest longs and shorts.  The decline in the value of the U.S. dollar was a key feature of the trading day, though I heard little discussion in the business media. Crude oil reversed dramatically, closing up $2.52 a barrel. Nat gas was unchanged. Gold was up another $13.40 per ouce. Still working on a memo on precious metals. Agricultural commodities: wheat up three cents, corn down two cents, soybean nine cents lower  and oats four cents lower. After a lot of intraday movement, bonds were essentially unchanged, with the 10-year and 30-year up by one to three basis points in yield. iShares 20+ Year Treasury Bond (TLT) was down more than a beaner. Municipals were well-bid and closed-end municipal bond funds were up by a few cents apiece. High yield was bid. iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was up 38 cents and SPDR Barclays High Yield Bond ETF (JNK) was up 12 cents. Blackstone/GSO Strategic Credit Fund (BGB) was seven cents to the good. Bank-selling got panicky early in the day, I added across the board. Comerica (CMA), JPMorgan Chase (JPM), Blackstone Group (BX) and Goldman Sachs (GS) ended the day higher after a pressured morning session. I observed that bank-centric sovereign debt funds might be responsible for the almost irrational selling of late. Here's my Chart of the Day on the aforementioned selling by sovereign wealth funds.  Staples responded well to a lower dollar Energy stocks were flat despite the ride in the resource. Biotech looks awful; they were flat on the day with Valeant Pharmaceuticals (VRX) rallying but Allergan (AGN) declining. Old tech didn't participate in the afternoon rally, but IBM (IBM) rose by $1.50. Alibaba (BABA) and Yahoo! (YHOO) were bad. Retail was mixed, with Macy's (M) a leader to the upside and Home Depot (HD) and Lowe's (LOW) downside leaders with large dollar drops today. I bought more GS (it rallied by $4 from today's purchase), Morgan Stanley (MS) (big recovery) and BX (nice reversal). (T)FANG is breaking down and rolling over -- a constant refrain of mine over the last four months. Tesla (TSLA) was down $10, Netflix (NFLX) down $1 and Alphabet (GOOGL) reversed most of its previous-day gain. Amazon (AMZN), which I featured today, continues to get schmeissed -- down $21. It is Bill Miller's largest holding (about 10% weighting). but I disagree, respectfully, with Bill. NOSH was broadly lower, led by Starbucks (SBUX) and O'Reilly Automotive (ORLY). CRABBY looked better, with only Allstate (ALL) and BAC lower. In individual stocks: Procter & Gamble (PG) and DuPont (DD) -- two new Best Ideas List entrants as longs -- were standouts to the upside. Potash (POT) reversed yesterday's loss. Life insurance stocks, including my shorts Lincoln National (LNC) and MetLife (MET0, were standouts to the downside (again). I hope you enjoyed
Yahoo! wants to sell its core businesses, but some analysts are skeptical on whether it is serious about restructuring. 
Russia's willingness to talk about oil oversupply is lifting markets. 
Bearish
Feb 03, 2016 | 7:34 AM EST
Shares of YHOO now seen reaching $46, according to Credit Suisse. Estimates also cut, as the company is seeing higher traffic acquisiti...
Plus, what most shareholders think will happen.
My opener captured my near-term market view and levels of support and resistance.  The market is in the hands of machines and algos -- they are ruining sentiment and our business.  Dow Intradaze!  Words can't describe today's (T)FANG Insanity, which was demonstrated in trading in Amazon (AMZN) both during the trading day (up $52) and after hours (down $80!). Thanks to my pal David Rocker (Rocker Partners legend) for getting me to write about the insanity. My exchanges with Rev Shark in Columnist Conversations are an example of the uniqueness of our site and the value of respected debate.  Auto stocks, despite a good Ford (F) beat, were lower on the day. I wrote again about "Peak Autos."     I covered my small Amazon short in after hours at $549. I plan to re-short on strength.  Here is my short rationale.  Ss (S &P) and Qs (Nasdaq) over Rs (Russell). The U.S. dollar was weaker. Crude oil closed up $1.46 to $33.76. Natural gas was six cents higher. Gold was down $2. I remain uninvolved and I plan to stay uninvolved. Agricultural commodities: wheat and corn were both four cents lower; soybeans got crushed, down fifteen cents. OJ prices ripped higher, up 8%. Bonds got hit a bit and interest rates rose modestly, by one to two basis points in yield. Municipals were flat but closed-end municipal bond funds rose smartly, with some gaining close to 1% --BlackRock Municipal Income Trust II (BLE), BlackRock Municipal Target Term Trust (BTT) and Eaton Vance Municipal Income 2028 Term Trust (ETX) High-yield bonds were well-bid -- iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was up 40 cents and SPDR Barclays High-Yield Bond ETF (JNK) was up 15 cents. Blackstone/GSO Strategic Credit Fund (BGB) had an outsize gain of 35 cents, the largest daily move I can remember, and traded over $13 briefly. I have remarked in each of my last three Takeaways that the price action was improving. Phew! Financials had a good day, with regional banks beating out their money center brethren. I added to Citigroup (C), Bank of America (BAC), Wells Fargo (WFC), Comerica (CMA) and Fifth Third Bancorp (FITB) in the last two days. WFC is my long "Trade of the Week." Life insurance stocks were modestly higher. I am long Hartford Financial Services Group (HIG) and short MetLife (MET) and Lincoln National (LNC). Energy stocks responded brilliantly to the crude price rise. Last week I opportunistically covered Schlumberger (SLB) and Exxon Mobil (XOM) at really good prices. Today, SLB was up $4 and XOM rose $1.70! Retail stocks were weaker, but only modestly so. I suspect the proximate cause was higher energy prices.. Old tech was stronger and Microsoft (MSFT) results were an after-hours highlight, with shares up 2%-plus after the close.  Media still is weak, led by my Best Ideas List short, Disney (DIS).  (T)FANG was insane and broadly higher, but obviously got hit after the close, reflecting Amazon's miss. Facebook (FB) was the world's fair, but Netflix (NFLX) was conspicuous in its continued underperformance. I covered FB short last week at $91.30. Tesla (TSLA), my short "Trade of the Week," was flat, including after hours. Here is my NFLX short write-up. The shares are about $20 lower than its price when I put it on my Best Ideas List as a short a bit more than three months ago. So far, so good. NOSH was strong, with Nike (NKE) and O'Reilly Automotive (ORLY) doing well. Starbucks (SBUX) was also higher, a short. CRABBY was higher, thanks to BAC and BGB. Two new Best Ideas flourished -- Goldman Sachs (GS) and Procter & Gamble (PG). GS was up $3.40 and is now $6 above my Best Ideas price entrance. Du Pont (DD) hasn't done as well but was higher today and I am accumulating. More on all three by next week. Weight Watchers (WTW) down by more than a beaner, as Oprah gained four pounds this week from too much bread! Alibaba's (BABA) price reversal was vicious, closing down $3 after being up a like amount. The headline numbers were good, but there was less than meets the eye regarding their quality. I would stay clear of Yahoo! (YHOO) despite a lot of interest that I received from subs. Potash (POT) traded better after the dividend cut. I will update my thoughts on the conference report and results. My other loser, Radian Group (RDN), even rallied. More on this one soon -- still trying to come to grips with the reason for the sharp price drop. Glib, your name is Laszlo Birinyi. I am sorry to write so bluntly, but it's true as I vividly recall his self-confidence on "Fast Money." Self-confidence is the worst trait in a business with so much uncertainty. Remember this message when you get the "hard sells" in the business media. 

Columnist Conversations

Bunge (BG) reported so-so earnings today while warning the new year is starting off dully. The shares were de...
I mentioned in my earlier comment to Doug Kass that I thought the algos would trigger the 1812 stops before we...
15:38:42 DEEEMARK ---> Midcap or Russell could bottom today says DeMark, broader averages will bottom in 2 ...
The VWAP should give us support now for the last hour of trading. If it fails, there is no reason to be long.

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