Baidu Inc. (BIDU): Today's Featured Technology Winner
(
) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.3%. By the end of trading, Baidu rose $4.74 (4.9%) to $101.59 on average volume. Throughout the day, 5,698,350 shares of Baidu exchanged hands as compared to its average daily volume of 4,032,900 shares. The stock ranged in a price between $97.08-$102.28 after having opened the day at $97.09 as compared to the previous trading day's close of $96.85. Other companies within the Technology sector that increased today were:
(
), up 120.6%,
(
), up 112.4%,
(
), up 39.6% and
(
), up 23.9%.
Baidu, Inc. provides Internet search services. Baidu has a market cap of $33.9 billion and is part of the internet industry. Shares are down 3.2% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Baidu a buy, 1 analyst rates it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Baidu
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, expanding profit margins, increase in net income 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.
- You can view the full Baidu Ratings Report.
On the negative front,
(
), down 31.1%,
(
), down 13.6%,
(
), down 7.2% and
(
), down 7.2% , were all laggards within the technology sector with
(
) being today's technology sector laggard.
- Use our technology section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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