The InvestmentsWire.com Provides Stock Research on Yahoo! Inc., Zynga Inc., Facebook Inc.,AOL Inc., and Google Inc.
New York City, New York -- (April 11, 2013)
Stocks rallied on Wednesday as market sentiment was lifted by robust economic data from China. Investors’ sentiment was also boosted after minutes of Federal Reserve’s latest FOMC suggested that the central bank will not cancel its quantitative easing program anytime soon. The rally on Wednesday pushed Dow Jones to record high levels. All three benchmark indexes ended near session highs, with the S&P 500 closing 1.22% higher. The technology sector was among the biggest gainers in the S&P 500, closing nearly 2% higher. The gains in the Technology sector were led by Yahoo! Inc. (NASDAQ: YHOO), Zynga Inc. (NASDAQ: ZNGA), Facebook Inc. (NASDAQ: FB), AOL Inc. (NYSE: AOL), and Google Inc. (NASDAQ: GOOG).
Access our free reports on Yahoo! Inc., Zynga Inc., Facebook Inc.,AOL Inc., and Google Inc.Traders can also connect to our Wall Street Trading Floor where our research desk and market pros are standing between 8:50 am to 4:15 pm ET at
Yahoo! Inc. shares touched a 52-week high of $24.32 on Wednesday before closing at 1.55% higher at $24.20 on volume of 17.28 million. Despite rising to a 52-week high, Yahoo! Inc. shares are trading on a forward P/E ratio of 19.84. The company’s shares have been gaining momentum ahead of the release of the company’s first quarter results on April 16. In the fourth quarter of 2012, the Sunnyvale, California-based company had posted revenue, excluding traffic acquisition costs, of $1.221 billion.Our free research report onYahoo! Inc.can be downloaded upon registration at
Another major gainer in the Technology sector on Wednesday was social gaming company Zynga Inc. The stock closed 1.77% higher at $3.45 on volume of 15.35 million. Zynga, which has been shifting its focus to real money gaming, is expected to remain in focus as the company prepares to release its first quarter results later this month. At the time of release of its fourth quarter 2012 results in February, the social gaming company had forecasted first quarter revenue of $255 million to $265 million. The company’s net loss for the quarter is expected to be between $32 million and $12 million.Zynga Inc.free research is available today at
Mark Pincus, Zynga Inc.’s CEO, had said in February that in 2013, the company is excited to bring a new class of social games to mobile phones and tablets and build a network that offers an easier, better way for people to play together.
Another social media stock that is expected to remain in focus during the earnings season is Facebook Inc. Shares of the social network ended 3.69% higher at $27.57 on Wednesday, with volume up from daily average of 39.56 million to 45.91 million. Facebook’s shares currently trade on a forward P/E ratio of 35.35. The company has a debt/equity ratio of 0.20. Facebook Inc. will release its quarterly results on April 29th. The company did not provide any guidance at the time of release of its fourth quarter results.JoinInvestmentsWiretoday and see how our analysis on Facebook Inc. can help you in your investment or due-diligence.
Conversely, AOL Inc.’s shares posted modest gains on Wednesday, closing 0.15% higher at $39.34. AOL Inc. shares currently trade on a forward P/E ratio of 22.23. The company has a debt/equity ratio of only 0.05. The company is scheduled to release its quarterly results on May 6th.The analysis on AOL Inc.can be downloaded at
At the time of the release of fourth quarter results in February, AOL Inc.’s CEO Tim Armstrong had said that the company has strong momentum entering 2013 and is positioned on its growth path by executing its strategy to build the next generation media and technology company.
Investors are also waiting for Google Inc.’s first quarter results, which will be released next week. On Wednesday, Google’s shares closed 1.61% higher at $790.18 on volume of 1.98 million. The company is currently trading on a forward P/E ratio of 14.75. The company also has a strong balance sheet, with a debt/equity ratio of just 0.08.Google Inc. free report is accessible today at
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Peter D. Cohen