Trending News: Apple Inc (AAPL) and Bank Of America Corp (BAC) Dropping Like Rocks, Here’s Why

Yahoo’s Ad Struggles Persist (WSJ)
Yahoo! Inc. (NASDAQ:YHOO) -0.55% stock price is sharply higher since the hiring of Marissa Mayer last year, but the new chief executive has so far provided little evidence of a turnaround for the Internet company. Yahoo on Tuesday posted a 36% jump in profit for its first quarter on the robust performance of China-based e-commerce giant Alibaba Group Holding Ltd., in which Yahoo holds a 24% stake. But quarterly revenue fell 7% from a year ago as Yahoo’s core online-advertising business deteriorated while its biggest clients—advertising agencies—have become more vocal about their impatience with Ms. Mayer’s management.

Is Yahoo! Inc. (YHOO) Worth Buying? (InsiderMonkey)
Is Yahoo! Inc. (NASDAQ:YHOO) a healthy stock for your portfolio? Investors who are in the know are getting less bullish. The number of long hedge fund positions dropped by 2 in recent months. We should take note of this, because Yahoo’s first quarter profit was $0.38 per share–14 cents above analysts’ estimates. Revenue was also essentially flat year-over-year. Let’s see what the smartest investors think. According to most market participants, hedge funds are viewed as underperforming, outdated investment vehicles of years past. While there are more than 8000 funds in operation today, we hone in on the elite of this club, close to 450 funds. It is estimated that this group oversees most of the smart money’s total capital, and by keeping an eye on their top stock picks, we have unsheathed a number of investment strategies that have historically outpaced the broader indices.

On the Call: Yahoo CEO Marissa Mayer (BusinessWeek)
Before taking questions from analysts Tuesday, Yahoo! Inc. (NASDAQ:YHOO) CEO Marissa Mayer used the release of the company’s first-quarter earnings report to update investors on the changes she has made during her first nine months on the job. Since defecting from a top job a Google Inc (NASDAQ:GOOG), Mayer has overseen makeovers of the home page on Yahoo’s website, its email service and its Flickr photo service. She also has been trying to bring in more talented engineers through small acquisitions and recruiting from other employers.

Cirrus Logic Price Target Cut to $34.00 by Analysts at Stifel Nicolaus (CRUS) (Zolmax)
Stifel Nicolaus decreased their price target on shares of Cirrus Logic, Inc. (NASDAQ:CRUS) from $42.00 to $34.00 in a research note issued on Wednesday, ARN reports. The firm currently has a “buy” rating on the stock. Several other analysts have also recently commented on the stock. Analysts at Needham & Company downgraded shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $30.00 price target on the stock, down previously from $45.00. Separately, analysts at Canaccord Genuity cut their price target on shares of Cirrus Logic from $35.00 to $30.00 in a research note to investors on Thursday, March 21st. They now have a “buy” rating on the stock. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Cirrus Logic in a research note to investors on Friday, March 15th. They now have a $34.00 price target on the stock, down previously from $42.00.