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Stock Market & Financial Investment News

News Breaks
July 21, 2014
10:49 EDTBIDU, SINA, SOHU, NTESBaidu advances following Morgan Stanley upgrade
Shares of Chinese Internet search engine Baidu (BIDU) are climbing on a down day for the market after Morgan Stanley upgraded the stock to Overweight from Equal Weight today. WHAT'S NEW: Baidu's revenue growth has accelerated as the company has improved the monetization of its PC and mobile traffic, while the fundamentals of the company's mobile business have improved, Morgan Stanley analyst Adam De Stefano wrote. The company's acquisitions have also boosted its revenue growth, the analyst added. Baidu's profit margins are likely to increase towards the end of this year, driven by continued strong sales growth and spending cuts, De Stefano believes. The analyst set a $239.30 price target on the shares. PRICE ACTION: In mid-morning trading, Baidu rose 2.7% to $196.30. Several other Chinese Internet stocks also advanced, with SINA (SINA) climbing 3.6% to $48.45, Sohu.com (SOHU) adding 1.2% to $55.38, and NetEase (NTES) rising 1.4% to $83.10.
News For BIDU;SINA;SOHU;NTES From The Last 14 Days
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October 17, 2014
10:16 EDTSOHUHigh option volume stocks
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October 16, 2014
10:01 EDTBIDUOn The Fly: Analyst Upgrade Summary
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05:50 EDTBIDUBaidu upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded Baidu to Outperform with a $280 price target citing the recent pullback in shares and the company's increasing mobile market share.
October 13, 2014
08:06 EDTSINAQihoo 360 launches ad exchange platform, Marbridge Daily reports
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October 6, 2014
06:12 EDTSINASINA implied volatility of 38 at lower end of index mean range

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