Baidu Inc. (BIDU): Today's Featured Technology 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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.7%. By the end of trading, Baidu fell $4.71 (-2.6%) to $175.28 on average volume. Throughout the day, 3,359,217 shares of Baidu exchanged hands as compared to its average daily volume of 3,734,400 shares. The stock ranged in price between $174.75-$180.30 after having opened the day at $179.73 as compared to the previous trading day's close of $179.99. Other companies within the Technology sector that declined today were: RF Industries ( RFIL), down 22.8%, TSR ( TSRI), down 8.4%, WPCS International ( WPCS), down 6.9% and ClearSign Combustion ( CLIR), down 6.6%.

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 $62.2 billion and is part of the internet industry. Shares are up 1.2% year to date as of the close of trading on Thursday. 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, FireEye ( FEYE), up 38.6%, SemiLEDs ( LEDS), up 25.0%, Pixelworks ( PXLW), up 22.0% and China Finance Online ( JRJC), up 17.7% , were all gainers within the technology sector with Seagate Technology ( STX) being today's featured technology sector leader.

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).

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

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