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 down 1.3%. By the end of trading, Baidu fell $11.98 (-7.3%) to $150.93 on heavy volume. Throughout the day, 9,989,351 shares of Baidu exchanged hands as compared to its average daily volume of 4,795,100 shares. The stock ranged in price between $148.16-$162.99 after having opened the day at $162.61 as compared to the previous trading day's close of $162.91. Other companies within the Technology sector that declined today were: Eltek ( ELTK), down 23.6%, Rubicon Project ( RUBI), down 16.4%, Net Element ( NETE), down 16.0% and Sequans Communications ( SQNS), down 15.4%.

Baidu, Inc. provides Internet search services. Baidu has a market cap of $56.0 billion and is part of the internet industry. The company has a P/E ratio of 5.5, below the S&P 500 P/E ratio of 17.7. Shares are down 8.4% 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 4 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, increase in net income 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, Ascent Solar Technologies ( ASTI), up 9.3%, Systemax ( SYX), up 7.9%, Aetrium ( ATRM), up 7.7% and Bel Fuse ( BELFA), up 7.4% , were all gainers within the technology sector with Taiwan Semiconductor Manufacturing ( TSM) 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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