The technology sector closed the day up 1.8%. iSoftStone Holdings ( ISS), SouFun Holdings ( SFUN), Schmitt Industries Inc ( SMIT), and Egain Communications Corporation ( EGAN) were all winners today within the technology sector with Baidu Inc ( BIDU) being today's featured technology winner. Baidu Inc rose $1.36 (1.1%) to $130.83 on average volume. Throughout the day, 10.9 million shares of Baidu Inc exchanged hands as compared to its average daily volume of 10.4 million shares. Baidu, Inc. provides Internet search services. The company offers a Chinese language search platform on its Website, Baidu.com; and a Japanese language search platform on its Website, Baidu.jp. Baidu Inc has a market cap of $43.5 billion and is part of the internet industry. The company has a P/E ratio of 81.4, above the average internet industry P/E ratio of 39.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 34.1% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
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