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 1.7%. By the end of trading, Baidu fell $1.90 (-1.2%) to $157.83 on light volume. Throughout the day, 2,674,079 shares of Baidu exchanged hands as compared to its average daily volume of 4,969,600 shares. The stock ranged in price between $157.73-$162.81 after having opened the day at $159.73 as compared to the previous trading day's close of $159.73. Other companies within the Technology sector that declined today were: Advanced Energy Industries ( AEIS), down 21.1%, WPCS International ( WPCS), down 20.6%, Interactive Intelligence Group ( ININ), down 19.2% and Twitter ( TWTR), down 17.8%.

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 25.5, above the S&P 500 P/E ratio of 17.7. Shares are down 10.2% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Baidu a buy, no analysts rate it a sell, and 3 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 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, Sypris Solutions ( SYPR), up 16.9%, Peregrine Semiconductor ( PSMI), up 9.4%, Qualys ( QLYS), up 9.4% and RELM Wireless ( RWC), up 9.1% , were all gainers within the technology sector with Avago Technologies ( AVGO) 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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