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4 Internet Stocks Crushing Earnings

Markets are hanging around all-time highs and some internet names are putting up impressive numbers quarter over quarter. Almost halfway through earnings season and I have found four specific names that have reported EPS above expectations. In addition, there have been positive actions by analysts, giving these stocks a Zacks Rank #1 (Strong Buy) or #2 (Buy).

GrubHub (GRUB) is aZacks Rank #1 (Strong Buy) provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 40,000 local restaurants with diners in approximately 1,000 cities where it assists diners in searching for local restaurants, tracking orders and re-orders for convenience.

GrubHub has a market cap of $3.25 Billion and a Forward PE of 56. The company sports a Zacks Style Score of “A” in Momentum, but “F” in Value. Because of this high valuation the stock has been a favorite with short sellers, with 40% of the float holding short. The company’s valuation is something investors have questioned...