Rochester,NY 7/7/2009 2:36:33 AM
End of Day - YHOO -These Tech Stocks Will Make Me Rich - Sourced WhisperFromWallStreet.com
Yahoo! Inc
End of Day - YHOO -These Tech Stocks Will Make Me Rich - Sourced WhisperFromWallStreet.com
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Yahoo! Inc.YHOO
After Hours: 14.79 Down 0.20 (1.33%) 3:32pm ET
A bad week hit Mr. Market much harder than it did my tech portfolio, adding 162 basis points to my lead in this contest.
What little economic data we saw last week wasn't pleasing. The U.S. Labor Department said that 467,000 workers lost their jobs in June -- 100,000 more than economists had predicted, and almost 150,000 more than May's casualty rolls, USA TODAY reported. Recent cutters include Gannett (NYSE: GCI) and MySpace, which seems to be slouching toward irrelevance.
Layoff news hurt stocks. The S&P 500 fell more than 2% Thursday on concerns that the economy isn't recovering as fast as it should, or as the Obama administration had hoped. Stocks opened down again today after Vice President Joe Biden admitted in a Sunday interview on ABC's This Week that the administration hadn't fully anticipated the depth of the economic mess we're in. "We misread how bad the economy was, but we are now only about 120 days into the recovery package," Biden said.
About
Yahoo! Inc. provides Internet services to users, advertisers, publishers, and developers worldwide. The company owns and operates online properties and services, and provides its advertising offerings and access to Internet users through its distribution network of third-party entities, as well as offers marketing services to advertisers and publishers. Its Front Doors offerings include Yahoo! Front Page, My Yahoo!, and Yahoo! Toolbar; Communities offerings consist of Yahoo! Groups, Yahoo! Answers, and Flickr to organize into groups and share knowledge and photos; and Search products comprise Yahoo! Search, Yahoo! Local, Yahoo! Yellow Pages, and Yahoo! Maps to navigate through the Internet and search for information. It also offers Communications offerings comprising Yahoo! Mail, Zimbra Mail, and Yahoo! Messenger that provide communication services to users and small businesses through its broadband Internet access partners. In addition, the company?s Audience offerings include Yahoo! News, Yahoo! Finance, and Yahoo! Sports, as well as Yahoo! Autos, Yahoo! Food, Yahoo! Games, Yahoo! Health, Yahoo! Kids, Yahoo! Movies, Yahoo! Music, Yahoo! Personals, Yahoo! Real Estate, Shine, Yahoo! Shopping, Yahoo! Tech, Yahoo! Travel, Yahoo! TV, and omg!. Further, its Connected Life business includes Yahoo! Mobile and Yahoo! Connected TV that offer services designed to provide users with access to the open Internet and their Yahoo! content and communities across various Internet-enabled devices, including mobile devices and television. The company also offers Yahoo! HotJobs, which provides comprehensive solutions for employers, staffing firms, and job seekers; and Yahoo! Small Business that offers a comprehensive and integrated suite of fee-based online services.
Last Trade: 14.83
Day's Range: 14.55 - 14.92
52wk Range: 8.94 - 24.80
Volume: 11,061,037
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