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

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.

Baidu ( BIDU) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.3%. By the end of trading, Baidu rose $3.53 (3.2%) to $113.37 on heavy volume. Throughout the day, 6,173,338 shares of Baidu exchanged hands as compared to its average daily volume of 4,078,600 shares. The stock ranged in a price between $109.37-$113.88 after having opened the day at $109.76 as compared to the previous trading day's close of $109.84. Other companies within the Technology sector that increased today were: Zhone Technologies ( ZHNE), up 35.6%, VMware ( VMW), up 16.7%, Vicor Corporation ( VICR), up 11.3% and Alliance Fiber Optic Products ( AFOP), up 10.7%.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $38.5 billion and is part of the internet industry. Shares are up 9.7% year to date as of the close of trading on Tuesday. 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. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Broadcom Corporation ( BRCM), down 15.1%, Polycom ( PLCM), down 15.1%, Vocus ( VOCS), down 14.8% and CEVA ( CEVA), down 12.5% , were all laggards within the technology sector with America Movil S.A.B. de C.V ( AMX) 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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