Every day, the sun rises on Wall Street, and a plethora of professional analysts wake to issue new opinions on stocks. Here at the Fool, we use our "This Just In" column to examine some of these picks-- and the track record of the firm behind them -- to help individuals make better investing decisions.
In addition to following professional banks, anyone can use Motley Fool CAPS to monitor the collective opinions of more than 115,000 investors, many of whom demonstrate better investing insight than published analysts do.
Enough top-performing CAPS members have turned bullish on IAC (Nasdaq: IACID) recently to upgrade it from its three-star rank to a more formidable four-stars -- and even briefly touching the five-star rank. A total of 329 members have given their opinion on IAC, with many offering analysis and commentary to explain their recent optimism.
Many investors agree with IAC chairman Barry Diller, who sees more value in the separate pieces of his company than in its whole. But the whole company wasn't performing too shabbily -- in its most recent quarter, revenue increased 7% to $1.6 billion, and adjusted earnings came in at $101.3 million, surpassing expectations.
Once Liberty Media (Nasdaq: LCAPA) settled its dispute with IAC out of court, the latter company's spinoff produced five separately traded public entities. Shedding those pieces leaves the new IAC with its core Internet properties, including Ask.com and Match.com, which grew revenue at an 11% rate in the second quarter, aided by a renewed partnership with Google (Nasdaq: GOOG).
Those aren't the only reasons why investors like the new IAC. Even though Ask.com's search market share is far behind leader Google, Nielsen Online reported that Ask showed admirable 13% year-over-year growth in July. That's a solid showing against other heavy hitters Microsoft (Nasdaq: MSFT), Yahoo! (Nasdaq: YHOO), and Time Warner's (NYSE: TWX) AOL, which continue to fade from relevance in Google's search shadow. With what appears to be an improving outlook in online properties, nearly 91% of CAPS members rating the new IAC now see it outperforming the market.
To see what the very best CAPS analysts are saying now about IAC -- and discover the other winning stocks they're picking -- head on over to CAPS and have a look.
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