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 up 1.1%. By the end of trading, Baidu rose $3.55 (2.6%) to $139.54 on light volume. Throughout the day, 2,813,750 shares of Baidu exchanged hands as compared to its average daily volume of 4,226,400 shares. The stock ranged in a price between $137.54-$142.35 after having opened the day at $137.54 as compared to the previous trading day's close of $135.99. Other companies within the Technology sector that increased today were: SunEdison ( SUNE), up 15.7%, PT Indosat TBK ( IIT), up 10.7%, Cyan ( CYNI), up 8.6% and Velti ( VELT), up 8.5%.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $47.2 billion and is part of the internet industry. Shares are up 35.6% year to date as of the close of trading on Wednesday. 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 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 negative front, Hewlett-Packard ( HPQ), down 12.4%, Bridgeline Digital ( BLIN), down 9.4%, Deltathree ( DDDC), down 9.1% and Pulse Electronics ( PULS), down 8.5%.

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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