Google and Yahoo started 2005 in the green Monday after Goldman Sachs said it sees the two companies benefiting from strong online advertising spending trends. Yahoo! Patently Older - TheStreet.com:: Riding Yahoo! to Its Peak. Google Walks Past $400. Yahoo! Drops AOL Bid. Yahoo! Ensco International and Echelon have the potential to move higher in coming days. http://www.thestreet.com/_yahoo/pom/pomtscir/10253742.html?mpHOME | Google, Apple Wont Let Us Down, Says Fund Manager - TheStreet.com:: It will probably take a year to get regulatory approval once Yahoo! Ensco International and Echelon have the potential to move higher in coming days. http://www.thestreet.com/s/google-apple-wont-let-us-down-says-fun0404232.html?puc=googlefiHOME |
Goldman analyst Anthony Noto said he sees branded online advertising becoming a permanent part of the overall advertising mix. Demand is strong, and there is a shortage of inventory on the major portals, he said.
"2005 could be a breakout year for branded online advertising," he said, adding that paid search is also strong.
Noto raised estimates on Google and Yahoo, which gained 5% and 1%, respectively. Yahoo reports earnings Jan. 18, and Google Feb. 1. Rupee rise to end ITs joy ride- Markets-The Economic Times:: Google Bookmarks. Facebook. Yahoo MyWeb. StumbleUpon. Reddit. More. Save. Write to Editor upgrades, said SBI Mutual Funds Jayesh Shroff, who manages http://economictimes.indiatimes.com/Rupee_rise_to_end_ITs_joy_ridw/articleshow/2096296.cmsHOME | Google forms political pressure group | ITworld:: In addition to Google, other Internet companies like Yahoo Inc., eBay Inc. and Amazon.com Inc. companies like Google continue to ride for free on http://www.itworld.com/060919googlepacHOME |
The broader market started the new year with strong gains early Monday, but reversed on a weak construction spending report and nervousness about Friday's jobs report.
The Nasdaq fell 23 to 2152, the S&P 500 lost 9 to 1202, and the Dow gave back 53 to 10,729. Volume rose to 1.5 billion shares on the NYSE, and 2.22 billion on the Nasdaq. Decliners led 24-9 on the NYSE, and 22-9 on the Nasdaq. Downside volume was 78% on the NYSE, and 72% on the Nasdaq. New highs-new lows were 180-10 on the NYSE, and 158-9 on the Nasdaq.
Sun fell 5% after Bernstein downgraded the stock. Sun reports earnings on Jan. 13.
Nortel rose 2% on news that the NYSE has given the company until March 31 to file its 2003 annual report.
Perficient soared 41% after the company raised guidance.
Tellabs gained 7% on an upgrade, while Sycamore fell 6% on a downgrade.
Microvision climbed 3% on a deal with Johnson and Johnson.
And Roxio began trading as Napster under the Nasdaq symbol NAPS.
M&A Coming to Digital Home Battle
CAN-SPAM in Effect?
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