Baidu Inc. (BIDU): Today's Featured Internet Laggard

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 Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Baidu fell $1.46 (-1.1%) to $136.73 on light volume. Throughout the day, 3,199,464 shares of Baidu exchanged hands as compared to its average daily volume of 4,467,000 shares. The stock ranged in price between $135.66-$139.39 after having opened the day at $137.07 as compared to the previous trading day's close of $138.19. Other companies within the Internet industry that declined today were: Deltathree ( DDDC), down 20.6%, Net Element International ( NETE), down 8.2%, Tucows ( TCX), down 3.3% and Tremor Video ( TRMR), down 3.3%.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $47.5 billion and is part of the technology sector. Shares are up 37.8% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Baidu a buy, no analysts rate it a sell, and 6 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, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Phoenix New Media ( FENG), up 13.5%, Jiayuan.com International ( DATE), up 11.6%, China Finance Online ( JRJC), up 11.5% and Opentable ( OPEN), up 7.7% , were all gainers within the internet industry with Yahoo ( YHOO) being today's featured internet industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider First Trust Dow Jones Internet Idx ( FDN) while those bearish on the internet industry could consider ProShares Ultra Short Technology ( REW).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Why Apple Pay Cash Won't Be a Venmo Killer: PayPal CEO

PayPal's Venmo Gets Ready to Take on Apple

Go Inside PayPal's Big Reinvention

Artificial Intelligence Stocks Could Soon Eclipse Social Media Giants

Facebook Hires Former Chinese Exec to Make Inroads in China