Avoid These 5 Tech Stocks For Now

By Blane Swenson Even with the recent run-up in the market, tech stocks have been a mixed bag. Some companies like Apple, Inc. (AAPL) have reported great earnings and just kept running higher. Others like Google (GOOG) have dropped in price recently before recovering due to concerns about hiring and ballooning capex. In this article, I explore five tech stocks to get a clearer picture of this up and down sector. For this purpose, I chose five stocks that are poorly positioned for growth going forward. Here are the tech stocks I would avoid right now: Baidu, Inc. (BIDU) – At a recent closing price of $140, the company is trading in the high end of its 52 week range. The 52 week high of $165.96 was reached in July 2011, with the 52 week low of $100.95 occurring in September 2011. Market capitalization is approximately $49.17 billion. The company had experience a nice run-up ahead of its earnings report on February 16th but fell after reporting a 50% increase in headcount over the last year to around 16,100. This means much higher capex going forward. The company is essentially where Google R&D was three years ago with the full…