Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 2.6%. By the end of trading, Baidu fell $2.69 (-1.7%) to $158.68 on average volume. Throughout the day, 4,672,347 shares of Baidu exchanged hands as compared to its average daily volume of 3,694,600 shares. The stock ranged in price between $155.21-$163.29 after having opened the day at $161.52 as compared to the previous trading day's close of $161.37. Other companies within the Internet industry that declined today were:
), down 14.5%,
), down 9.8%,
), down 8.4% and
), down 8.2%.
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Baidu, Inc. provides Chinese language Internet search services. It also offers a Chinese language search platform for businesses to reach their customers. Baidu has a market cap of $57.2 billion and is part of the technology sector. The company has a P/E ratio of 30.9, above the S&P 500 P/E ratio of 17.7. Shares are down 9.3% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Baidu a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Baidu Ratings Report.
On the positive front,
), up 11.1%,
), up 3.9% and
), up 1.8% , were all gainers within the internet industry with
) being today's featured internet industry leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
) while those bearish on the internet industry could consider
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