Today's Top Performers In Technology

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 16,035 as of Monday, Dec. 9, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,480 issues advancing vs. 1,397 declining with 175 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is up 0.3%. Top gainers within the sector include Micron Technology ( MU), up 4.3%, America Movil S.A.B. de C.V ( AMX), up 2.6%, Nokia Oyj ( NOK), up 2.2%, Mobile Telesystems OJSC ( MBT), up 2.0% and Thomson Reuters Corporation ( TRI), up 1.2%. On the negative front, top decliners within the sector include China Telecom ( CHA), down 0.8%, and Amazon.com ( AMZN), down 0.6%.

TheStreet would like to highlight 5 stocks pushing the sector higher today:

5. Baidu ( BIDU) is one of the companies pushing the Technology sector higher today. As of noon trading, Baidu is up $3.32 (2.0%) to $172.03 on average volume. Thus far, 2.3 million shares of Baidu exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $167.01-$173.65 after having opened the day at $169.11 as compared to the previous trading day's close of $168.71.

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 $58.5 billion and is part of the internet industry. The company has a P/E ratio of 31.6, above the S&P 500 P/E ratio of 17.7. Shares are up 68.2% year to date as of the close of trading on Friday. 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, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Baidu Ratings Report now.

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