The past few days have been rough for not only the US stock markets, but also international markets – especially Japan’s Nikkei 225. The Nikkei lost 5% in two sessions, but regained 2% in Wednesday trading. It looks like investors everywhere are locking in profits, based on the past few trading sessions.
Shares of Yahoo! (YHOO) fell 12% to 35.09 on lower than expected earnings and future outlook. Coupled with analyst downgrades, Yahoo! shares were hit hard by investors deciding to lock in profits. I think outlook on Yahoo! is great. Yahoo! is still the #1 destination on the internet, even surpassing the mightly Google, in web hits, according to Alexa traffic rankings. My target entry price is 33.00 to 34.00, the lower the better. I’m expecting Yahoo! earnings to build this year as they have new search technology rolling out, and they are generating increasing revenues from their branded advertising business.
Google (GOOG) shares also dipped -5% on analyst expectations that the search revenue market may be stalling, and that shares of Google are overvalued at their current price. I would like to pick up some shares of GOOG at a lower price, maybe under 400 if investors decide to take more profits. I wouldn’t count on many Google employees selling their shares – I think they’re expecting many more years of profits. Google, in my opinion, is still in their infancy as a giant corporation and I’m expecting many groundbreaking new products and services from the company. Going to watch Google for a while and look for a good entry, as close as possible to 400.
yahoo blows my balls, man. the website is shitty, but the messenger is good. use the messenger but fuck everything else they offer. hehe.
I agree their website is pretty poor. It’s cluttered with all the features and services they offer. A lot of junk and a lot of crap.
I do, however, find their search results are sometimes more relevant than Google’s results. For obscure topics, Yahoo! seems to have more page hits than Google.
And, Yahoo! is still the #1 destination on the internet…
If I had to choose between Yahoo! and Google, I’d choose Google without hesitation. Google’s products and services are simple, elegant, and they perform their task exceptionally well.