Waiting for Yahoo!
Yahoo! (YHOO) is up 25% in the last year, which is much better than the Nasdaq which is up 15% over that same period. However, in the past month, Yahoo is up 1.25% vs. the Nasdaq being up about 4%. Yahoo volume dropped during Christmas and New Year weeks which isn't that surprising.
On Monday morning, Bernstein actually downgraded the stock saying it doesn't have clarity around the Alibaba IPO timetable and thinks the recent sales reorganization might upset earnings in the next six months. So, the analyst sees the stock pausing after a nice run to consolidate gains for a while....500 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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