Yahoo (YHOO) NewsBite - YHOO Falls on Disappointing Guidance

Posted: Wednesday, July 22, 2009 10:02 AM EDT

Yahoo (NasdaqNM: YHOO) opened at $16.22. So far today, the stock has hit a low of $16.12 and a high of $16.44. YHOO is now trading at $16.42, down $0.33 (-1.97%). Over the last 52 weeks the stock has ranged from a low of $8.94 to a high of $22.48. This morning, YHOO forecast third-quarter net revenue of $1.07 billion to $1.15 billion and operating cash flow of $330 million to $370 million. Analysts have forecast revenue of $1.17 billion and operating cash flow $413.5 million. This could be a bad sign for YHOO. Technical indicators for the stock are neutral and S&P gives YHOO a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on YHOO the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 19 range. [ABR-Seven Summits Strategic Investments NewsBite]

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