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Baidu Inc. (BIDU): Today's Featured Technology Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Baidu (BIDU) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.6%. By the end of trading, Baidu rose $3.14 (3.7%) to $87.65 on average volume. Throughout the day, 4,132,378 shares of Baidu exchanged hands as compared to its average daily volume of 4,314,400 shares. The stock ranged in a price between $84.86-$87.89 after having opened the day at $84.91 as compared to the previous trading day's close of $84.51. Other companies within the Technology sector that increased today were: icad (ICAD), up 15.9%, Pulse Electronics (PULS), up 14.1%, Helios and Matheson Information Technology (HMNY), up 13.8% and Inteliquent (IQNT), up 12.6%.

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Baidu, Inc. provides Internet search services. Baidu has a market cap of $29.7 billion and is part of the internet industry. The company has a P/E ratio of 16.0, below the S&P 500 P/E ratio of 17.7. Shares are down 15.2% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Baidu a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Deltathree (DDDC), down 16.7%, Spire Corporation (SPIR), down 10.8%, Himax Technologies (HIMX), down 9.2% and Geospace Technologies (GEOS), down 8.9% , were all laggards within the technology sector with Cerner Corporation (CERN) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR (XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology (REW).

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