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April 24, 2005

Sell Yahoo stock? Not me, not yet

search engines, finance — by TDavid @ 12:44 pm PST

When S & P Equity Research recommened buying four stocks last month, I decided to run an experiment. One of those stocks already appears in question. Marketwatch is reporting:

Amid the rush by investors on Friday to snatch up shares of Google after its better-than-expected earnings, Wall Street was also making a larger statement: Sell Yahoo.

Sell? But I just bought it. Oddly enough, I bought Apple a few days ago and that’s been on the downward spiral. Hopefully with Tiger coming out this Friday that will help a bounce take effect. Overall though the portfolio of these four stocks is performing well.

Yahoo has been active recently, particularly with their API, which IMO is one of the most generous APIs out there. I’m curious about what Yahoo continues to do on this front. They seem the most open to API interacation so far, even though Google has had an API for awhile and MSN? Well, they desperately need to release at least some kind of API. Maybe this is one of the things in the pipe?

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