Yandex still has a big market, and it’s expanding into other countries to help bolster those objectives. It recently surpassed Microsoft’s Bing to become the fourth largest global search engine, behind Google Inc (NASDAQ:GOOG), Baidu.com, Inc. (ADR) (NASDAQ:BIDU), and Yahoo! Inc. (NASDAQ:YHOO). It’s in good company, to be sure, but investors will need to first wrap their heads around just how far they think it can search for growth.
A silver lining
Although the drop yesterday in shares of Sandstorm Gold may have been related to the earnings report it issued Monday night, the stock has been falling for the past two weeks, going from $12.42 a share on Feb. 7 to $10.86 at Friday’s close, a 13% decline. The gold streamer is now down almost 40% from its 52-week high.
Although the results it posted showed progress and it announced more deals for future streams, Sandstorm is also feeling the pressure coming to bear on gold itself, which fell below $1,600 an ounce this morning as traders believe the global economy is improving.
The streamer reported that gold sales totaled more than 33,500 ounces in 2012, an 81% jump from the year-ago period, with average cash costs per ounce of $356. Yet with China still buying record amounts of gold (even if it’s eased up on the amount it’s been buying), I see an underlying potential for a rebound in the precious metal and for Sandstorm in particular. I’d view the share weakness as a time to accumulate the stock.
The article Are These 3 Stocks as Sickly as They Look? originally appeared on Fool.com and is written by Rich Duprey.
Fool contributor Rich Duprey owns shares of General Electric. The Motley Fool recommends Baidu, Goldman Sachs, Google, and Yandex and owns shares of Baidu, General Electric, and Google.
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