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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 1.1%. By the end of trading, Baidu fell $4.23 (-3.0%) to $135.53 on light volume. Throughout the day, 2,590,874 shares of Baidu exchanged hands as compared to its average daily volume of 4,099,400 shares. The stock ranged in price between $135.10-$140.09 after having opened the day at $139.70 as compared to the previous trading day's close of $139.76. Other companies within the Technology sector that declined today were:
), down 22.5%,
), down 16.1%,
), down 14.8% and
), down 11.6%.
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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 $48.6 billion and is part of the internet industry. Shares are up 39.4% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Baidu a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Baidu Ratings Report.
On the positive front,
), up 12.9%,
), up 12.6%,
), up 9.6% and
), up 8.4% , were all gainers within the technology sector with
) being today's featured technology sector leader.
- Use our technology section to find sector-relevant news.
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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
- Find other investment ideas from our top rated ETFs lists.