Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 7th of February.
YAHOO STRIKES DEAL WITH GOOGLE - GOOD OR BAD?
On the job for a little over 6 months, Yahoo CEO Marissa Mayer turns to her old employer Google and signs a deal to help bump up Yahoo's advertising revenues. Will this strategy help or hurt Yahoo?
Yahoo's revenues have been steadily declining until last year, when magically there was a small up-tick. In the non-exclusive deal with Google, the revenue split could be as much as 68% in favor of Yahoo. On the outset we cannot see how this could hurt Yahoo, but is it a long term solution to sustained profitability? Yahoo already depends on Microsoft for most of its search-driven advertising as part of a long-term deal executed back in 2009.
Google also announced on Wednesday that users of its search-advertising system will soon have to start paying for marketing messages sent to some mobile devices, as more and more users are using their tablets and smart phones to access the web.
We will be looking at both Google and Yahoo today and see what our Trade Triangles are telling us about both of those stocks.
TODAY'S VIDEO NEWSLETTER
In addition to analyzing the major markets, we will be covering six stocks on the move today.
3 stocks moving to the upside: O'Reilly Automotive (ORLY), CBRE Group Inc (CBG), Tesoro Corp (TSO)
Plus, 3 stocks moving to the downside: Akamai Technologies Inc (AKAM), Teradata Corp (TDC), Equifax Inc (EFX)
NEW TRADE TRIANGLE COLUMN
You may have noticed the addition of our Trade Triangle column to your Portfolio Manager, as well as some changes to how our Trade Triangles look. You can now quickly view your Portfolio Manager and see the Trade Triangles for all of your portfolio holdings. With just a glance, you can view the new Trade Triangles for the day, which are now highlighted with a yellow box. We show you the date and price the Trade Triangle occurred by hovering over the Triangle with your mouse. We hope you will find these changes to be a huge benefit for your portfolios!
Don't forget to share your comments on our blog.
Have a great trading day,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
