When asked about what to expect in earnings for Yahoo! Inc. YHOO, Tigress Financial partners Chief Investment Officer Ivan Feinseth told Benzinga that he’ll be looking at what the company says about guidance, advertising and new initiatives.
He also emphasized looking at what Yahoo will do with its money from Alibaba Holding Group Ltd BABA, adding that there is speculation that Yahoo will buy AOL, Inc. AOL or Twitter Inc TWTR.
“I don’t know if either one of those actually helps them in giving them anything they don’t already have,” he said.
Feinseth also mentioned that others have talked about Yahoo evolving into a content provider like Amazon.com, Inc. AMZN.
Yahoo traded 1.04 percent higher, AOL was up slightly around 0.02 percent and shares of Twitter traded 1.70 percent up in Monday’s session. Shares of Amazon were down roughly 0.85 percent.
Brianna Valleskey contributed to this report.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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