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

Baidu was a winner within the technology sector, rising $4.74 (4.9%) to $101.59 on average volume
By TheStreet Wire ,

Baidu

(

BIDU

) 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:

Deltathree

(

DDDC

), up 120.6%,

Leap Wireless International

(

LEAP

), up 112.4%,

Inteliquent

(

IQNT

), up 39.6% and

Cogo Group

(

COGO

), 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

buy

. 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.

On the negative front,

Wi-Lan

(

WILN

), down 31.1%,

Zoom Technologies

(

ZOOM

), down 13.6%,

Helios and Matheson Analytics

(

HMNY

), down 7.2% and

The9

(

NCTY

), down 7.2% , were all laggards within the technology sector with

Avago Technologies

(

AVGO

) 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

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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