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Stock Market & Financial Investment News

News Breaks
July 21, 2014
10:49 EDTSOHU, SINA, NTES, BIDUBaidu 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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December 18, 2014
10:05 EDTSINASINA call activity attributed to takeover speculation
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09:55 EDTSINARumor: SINA strength attributed to takeover speculation
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December 17, 2014
13:16 EDTBIDUBaidu, Uber confirm strategic partnership
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06:12 EDTBIDUBaidu to take stake in Uber, Reuters reports
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December 15, 2014
10:00 EDTSOHUOn The Fly: Analyst Upgrade Summary
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09:27 EDTSOHUOn The Fly: Pre-market Movers
HIGHER: Opko Health (OPK), up 13.1% after Pfizer (PFE) and OPKO Health enter into global agreement for hGH-CTP... Cirrus Logic (CRUS), up 7.5% after being upgraded to Overweight from Underweight at Barclays... PetSmart (PETM), up 4.7% after being acquired by BC Partners led consortium for $83 per share... Sohu.com (SOHU), up 3% after being upgraded to Overweight from Neutral at JPMorgan... Oracle (ORCL), up 2.2% after receiving FedRAMP provisional authority to operate. LOWER: Unwired Planet (UPIP), down 25.7% after commenting on Google (GOOG) Markman ruling... EXCO Resources (XCO), down 13% after suspending its dividend.
06:49 EDTSOHUSohu.com upgraded to Overweight from Neutral at JPMorgan
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December 12, 2014
09:35 EDTBIDUActive equity options trading
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06:10 EDTBIDUBaidu to take stake in Uber, WSJ reports
Baidu (BIDU) will invest in cab service Uber Technologies, Wall Street Journal reports, citing a person familiar with the matter. Baidu said it plans to announce an investment in a U.S. startup on Dec. 17, the paper adds. Marbridge Daily yesterday reported that Baidu is rumored to invest up to $600M in Uber. Reference Link
December 11, 2014
10:17 EDTBIDUCiti upbeat on Google in face of pending Apple decision on Safari
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09:11 EDTBIDUBaidu rumored to invest up to $600M in Uber, Marbridge Daily says
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08:09 EDTBIDUGoogle shares pricing in loss of Apple search deal, says Citigroup
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December 10, 2014
14:33 EDTNTESMomo says NetEase affiliate accused CEO of contract breach
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12:09 EDTSINAYouku Tudou rises slightly in down market after Credit Suisse upgrade
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December 5, 2014
09:36 EDTBIDUActive equity options trading
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