Yahoo! Says Goodbye To AltaVista.com and 2 More Heavily Traded Stocks To Follow
Yahoo! (NASDAQ:YHOO): Closing price $25.53
On Monday, Yahoo! said farewell to AltaVista.com. The latter was debuted in 1995, some three years prior to Google being founded. Already surpassed by Google in the early 2000s, AltaVista faded by the time Yahoo bought it as part of its $1.7 billion acquisition of Overture Services Inc. in July of 2003. Overture had bought AltaVista earlier that year from CMGI. Yahoo announced AltaVista’s coming demise on its Tumblr page late in June.
Apple (NASDAQ:AAPL): Closing price $414.84
Apple is showing its appreciation to its customers by giving away 10 apps that it considers marvelous. Earlier on Monday, a number of sites caught on, noting that several apps were suddenly free, and surmised that it was a promotional move prior to the fifth anniversary of the App Store, in which Apple’s banner went up hours later. The free apps and games include Barefoot World Atlas, Traktor DJ, Infinity Blade II, and Where’s My Water?
Huntington Bancshares Inc. (NASDAQ:HBAN): Closing price $8.48
Analyst Anthony Polini and his team at Raymond James have great expectations for the big banks this quarter, as he foresees earnings gaining from ongoing improvement in asset quality, strict expense controls and impressive market-related revenue. He anticipates that these trends will permit banks to continue to outperform for the rest of 2013, although their run will likely be less compelling than it was last year. Among several big banks, Polini sees Huntington Bancshares as a name most likely to beat expectations.