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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 30, 2014
14:32 EDTNTESNetEase.com downgraded to Hold from Buy at Standpoint Research
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10:52 EDTSOHU, BIDUBaidu rises after profits beat expectations
Chinese Internet search engine Baidu (BIDU) is climbing after the company reported higher than expected profits and in-line revenue. WHAT'S NEW: Baidu reported third quarter earnings per share, excluding certain items, of $1.90, versus analysts' consensus outlook of $1.69. The company's revenue came in at $2.2B, in-line with the consensus outlook. Baidu provided Q4 revenue guidance of $2.26B-$2.32B, versus the consensus outlook of $2.3B. Last quarter, Baidu had more traffic from mobile devices than PCs, and mobile traffic generated 36% of its revenue, the company noted. "In the third quarter, our investments in mobile continued to pay off as mobile proved once again to be a strong driver of topline growth," said Baidu CFO Jennifer Li. ANALYST REACTION: Baidu's investment in mobile is starting to pay off, agreed Piper Jaffray analyst Gene Munster in a note to investors today. Additionally, the impact to Baidu from its investments in mobile appear not to have been as drastic as previously thought, and the company remains "essentially unchallenged" in the Chinese search market, wrote the analyst. He raised his price target on the shares to $267 from $222 and kept an Overweight rating on the stock. Meanwhile, research firm Stifel Nicolaus reported that the company's gross margin was about 1.5 percentage points ahead of expectations in Q3. Baidu is on track to generate about 65% of its queries from mobile devices in a year, at which point it may significantly increase the prices it charges for mobile search ads, the firm stated, adding that the company's innovation in mobile has been strong. Stifel has a $250 price target and Buy rating on the shares. PRICE ACTION: In mid-morning trading, Baidu rose 4% to $224. Other Chinese Internet names also rose, with Weibo (WB) adding 1% to $18, Renren (RENN) rising 1% to $3.45, Sohu.com (SOHU) gaining 1.5% to $44, and Qihoo 360 (QIHU) adding 0.5% to $68.50.
09:59 EDTBIDUBaidu price target raised to $267 from $222 at Piper Jaffray
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07:16 EDTBIDUBaidu viewed as core holding in China Internet space, says Brean Capital
Brean Capital reiterates Baidu as a core holding in the China Internet space following its Q3 results, citing the company's leadership position in mobile search, its operating leverage from robust revenue growth, and its attractive risk/reward profile. Brean Capital maintains its Buy rating and $275 price target on Baidu shares.
October 29, 2014
16:37 EDTBIDUBaidu sees Q4 revenue $2.26B-$2.32B, consensus $2.3B
16:36 EDTBIDUBaidu reports Q3 EPS ex-items $1.90, consensus $1.69
Reports Q3 revenue $2.2B, consensus $2.22B. Traffic acquisition cost, or TAC, as a component of cost of revenues was $283.8M, representing 12.9% of total revenues, as compared to 11.7% in the corresponding period in 2013 and 12.7% in Q2. The increase reflects increased contribution of contextual ads, mobile and promotion of hao123.
14:21 EDTBIDUBaidu October weekly 225 straddle priced for 6% move into Q3
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October 28, 2014
09:14 EDTBIDUBaidu named a long Research Tactical Idea at Morgan Stanley
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October 27, 2014
15:38 EDTBIDUBaidu weekly volatility elevated into Q3 and outlook
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October 24, 2014
14:55 EDTBIDUBaidu weekly volatility elevated into Q3 and outlook
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October 22, 2014
09:58 EDTSINASINA discloses resignation of EVP Chen
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October 21, 2014
10:00 EDTNTESOn The Fly: Analyst Upgrade Summary
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09:31 EDTNTESNetEase.com upgraded to Outperform from Neutral at Credit Suisse
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08:07 EDTSOHURenren rumored to plan sale of video platform to Sohu, Marbridge Daily says
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October 17, 2014
10:16 EDTSOHUHigh option volume stocks
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