Tuesday, May 13, 2014

Citi: Time to Buy Internet Stocks (and VALE?)

First up, MoneyBeat:
Battered and bruised large-cap Internet stocks are worth a flier at current levels as their recent selloffs have been accompanied by little or no change to to actual fundamentals, according to Citigroup analyst Mark May.

Many tech stocks fell out of favor in the blink of an eye following sharp rallies that pushed their valuations to sky-high levels. With many of these stocks down 20% or more from recent peaks, some analysts, including Mr. May, say they are starting to look attractive again at current levels....MORE
Meanwhile, at What's Trading, one of these is not like the others:

Option Volume Leaders as of 11:01 AM

Symbol Name Contracts Calls Puts Spot (Delayed) Spot Chg
FB Facebook Inc 148,065 63.4% 36.6% $60.48 +0.65
AAPL Apple Inc 78,637 59.4% 40.6% $592.83 +0.00
CSCO Cisco Systems Inc 68,164 54.4% 45.6% $22.85 -0.34
VALE Vale SA 64,034 82.8% 17.2% $13.8 +0.02
TWTR Twitter Inc 53,909 54.6% 45.4% $33.69 -0.25
MSFT Microsoft Corporation 53,788 65.4% 34.6% $40.42 +0.45
T AT&T 53,578 73.8% 26.2% $36.09 -0.48

...MORE