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 0.8%. By the end of trading, Baidu rose $6.37 (4.1%) to $163.03 on average volume. Throughout the day, 3,898,411 shares of Baidu exchanged hands as compared to its average daily volume of 3,802,000 shares. The stock ranged in a price between $153.25-$163.28 after having opened the day at $155.77 as compared to the previous trading day's close of $156.66. Other companies within the Technology sector that increased today were: Eltek ( ELTK), up 26.0%, GigOptix ( GIG), up 25.5%, LiveDeal ( LIVE), up 25.1% and Elephant Talk Communications ( ETAK), up 15.6%.

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 $55.3 billion and is part of the internet industry. The company has a P/E ratio of 29.8, above the S&P 500 P/E ratio of 17.7. Shares are up 57.6% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Baidu a buy, no analysts rate it a sell, and 5 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, solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. 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, JA Solar Holdings Co. ADR ( JASO), down 10.2%, 21Vianet Group ( VNET), down 8.8%, Nam Tai Electronics ( NTE), down 8.4% and Inteliquent ( IQNT), down 8.2% , were all laggards within the technology sector with Nuance Communications ( NUAN) 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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