Barclays on U.S. Internet Stocks: Should Big-caps Take a Cue From Apple?
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Price: $258.63 -0.57%
Rating Summary:
68 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
68 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays on U.S. Internet Stocks: Should Big-caps Take a Cue From Apple?
Analyst, Anthony DiClemente, looked at the pros and cons of Amazon.com (Nasdaq: AMZN), eBay (Nasdaq: EBAY), Google (Nasdaq: GOOG), and priceline (Nasdaq: PCLN) paying their own dividend to shareholders. The internets four largest companies have the capacity to return capital without harming their respective stock's valuation.
DiClemente said, "We found that Google has the greatest capacity to return cash and probably has the most to gain in terms of positive sentiment by doing so, given its propensity for acquisitions and mixed investor sentiment around the MMI deal. If Amazon were to return capital, sentiment could also improve as some investors continue to fret about AMZN's aggressive spending to fuel top-line growth at the expense of margins. We also think buyback activity is much more likely than dividends for each of these names."
Analyst, Anthony DiClemente, looked at the pros and cons of Amazon.com (Nasdaq: AMZN), eBay (Nasdaq: EBAY), Google (Nasdaq: GOOG), and priceline (Nasdaq: PCLN) paying their own dividend to shareholders. The internets four largest companies have the capacity to return capital without harming their respective stock's valuation.
DiClemente said, "We found that Google has the greatest capacity to return cash and probably has the most to gain in terms of positive sentiment by doing so, given its propensity for acquisitions and mixed investor sentiment around the MMI deal. If Amazon were to return capital, sentiment could also improve as some investors continue to fret about AMZN's aggressive spending to fuel top-line growth at the expense of margins. We also think buyback activity is much more likely than dividends for each of these names."
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