NetEase Inc (NTES): 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.

NetEase ( NTES) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.2%. By the end of trading, NetEase fell $1.83 (-2.5%) to $71.18 on average volume. Throughout the day, 684,154 shares of NetEase exchanged hands as compared to its average daily volume of 694,700 shares. The stock ranged in price between $70.82-$73.05 after having opened the day at $72.51 as compared to the previous trading day's close of $73.01. Other companies within the Technology sector that declined today were: ClearSign Combustion ( CLIR), down 9.6%, Ambient Corporation ( AMBT), down 7.0%, Control4 ( CTRL), down 6.9% and Vimicro International Corporation ( VIMC), down 6.7%.

NetEase, Inc., through its subsidiaries, engages in online games, Internet portal, e-mail, and wireless value-added services businesses in China. The company operates through three segments: Online Game Services; Advertising Services; and E-mail, Wireless Value-added Services, and Others. NetEase has a market cap of $9.6 billion and is part of the internet industry. Shares are down 7.1% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate NetEase a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NetEase as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth 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.

On the positive front, Microvision ( MVIS), up 97.8%, Applied Optoelectronics ( AAOI), up 19.7%, Sky-mobi ( MOBI), up 17.4% and Dealertrack Technologies ( TRAK), up 15.2% , were all gainers within the technology sector with Crown Castle International ( CCI) 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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