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Stock Market & Financial Investment News

News Breaks
July 21, 2014
10:49 EDTBIDU, SOHU, SINA, 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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July 6, 2015
16:20 EDTSOHUOn The Fly: Top stock stories for Monday
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10:51 EDTBIDUBaidu falls, levels to watch
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July 2, 2015
06:06 EDTSINAStocks with implied volatility below IV index mean; MU SINA
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June 30, 2015
06:55 EDTBIDUBaidu to invest roughly $3.2B in offline-to-online unit, TechCrunch reports
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June 29, 2015
10:09 EDTSOHUOn The Fly: Analyst Upgrade Summary
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07:04 EDTSOHUSohu.com upgraded to Buy from Neutral at Mizuho
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June 22, 2015
12:13 EDTSINAMorgan Stanley reports 5.0% passive stake in SINA
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06:09 EDTBIDUHK opens door to Alibaba and others to to return 'home', Financial Times says
Hong Kong's stock exchange has opened the door to Alibaba (BABA) listing on its home market, reports the Financial Times. The xchange said it would re-examine its current bar on China-based companies having a secondary listing of their shares in the city. The move could permit groups like Alibaba, Baidu (BIDU), and JD.com (JD) to return "home" via secondary listings." Reference Link

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