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CommentWednesday, January 2, 2008

Yahoo's Stock Starts New Year On Right Foot

Google and everything else left

Well, here's something you don't see too often: a bunch of red on various finance sites.  Actually, that's an unfortunately common sight, but look closer, and you'll notice the strange part: Yahoo's name is in green.

Yahoo's name has been in the green almost all day, and hopefully (for accuracy's sake) will remain so through the end of this story.  Google, meanwhile, is in the red, down $8.58 so far, and Microsoft, eBay, and E*Trade, among others, are also doing less than well.Yahoo's Stock Starts New Year On Right Foot

So what's allowed Yahoo, the perpetual also-ran, to get the better of the tech industry?  Andrew LaVallee writes, "ThinkEquity, citing valuation, upgraded it to 'buy' from 'accumulate.'"  ThinkEquity didn't suggest that anyone throw his retirement fund at the stock, but an upgrade is an upgrade.

Amazon got a similar endorsement from Citi, and that's helped it be one of just a few other tech stocks to make gains today.  Or perhaps an article written by our own David Utter is behind the boost.  Either way, Amazon's up $2.77.

We'll now bring this story to an end.  Take note, though, that 2008 has begun with the order among tech stocks more or less reversed from its usual standing.

News Tags: Google, Yahoo, Amazon, Financial
About the author:
Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.

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