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Stock Market & Financial Investment News

News Breaks
March 19, 2014
13:25 EDTBIDU, YOKU, NTES, CYOU, RENNChinese Internet names decline after Renren guidance miss
Shares of Chinese Internet stocks are sinking after one of the names in the sector, Renren (RENN), last night reported higher than expected fourth quarter revenue but provided lower than expected first quarter revenue guidance. WHAT'S NEW: Chinese social network Renren reported Q4 revenue of $30.7M, versus analysts' consensus estimate of $30.15M. Its operating loss, however, came in at $42.6M, versus an operating loss of $22.7M in the same period a year earlier. Its online ad revenue tumbled 18% year-over-year, driven by increased competition and continued migration of user traffic to mobile devices from desktop computers, the company stated. Moreover, the social network provided first quarter revenue guidance of $23M-$25M, versus analysts' consensus estimate of $30.41M. "There are a limited number of players in China that are proactively educating and selling mobile solutions to brand advertisers in China," but Renren has had "some encouraging momentum" in mobile ads," said the company's CEO, Joe Chen, on its earnings conference call. PRICE ACTION: In mid-afternoon trading, search engine Baidu (BIDU) dropped 1% to $162, Internet video company Youku Tudou (YOKU) declined 1% to $30.40, Internet game and portal provider NetEase (NTES) lost 2% to $64.57, online game developer Changyou.com (CYOU) fell 1.4% to $28.50, and Renren tumbled 11% to $3.37.
News For BIDU;YOKU;NTES;CYOU;RENN From The Last 14 Days
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September 29, 2014
14:21 EDTBIDUBMW teams up with Baidu to research highly automated driving
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10:00 EDTBIDUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Akorn (AKRX) upgraded to Outperform from Sector Perform at RBC Capital... Alexandria Real Estate (ARE) upgraded to Buy from Hold at ISI Group... Baidu (BIDU) upgraded to Buy at UBS... Banner Corp. (BANR) upgraded to Buy from Neutral at DA Davidson... Boston Properties (BXP) upgraded to Buy from Hold at ISI Group... Brocade (BRCD) upgraded to Hold from Sell at Summit Research... Chico's FAS (CHS) upgraded to Outperform from Perform at Oppenheimer... Energy Transfer Partners (ETP) upgraded at Morgan Stanley... Equity One (EQY) upgraded to Buy from Hold at ISI Group... FedEx (FDX) upgraded to Outperform from Market Perform at Cowen... Himax (HIMX) upgraded at Craig-Hallum... Janus Capital (JNS) upgraded at Morgan Stanley... Kilroy Realty (KRC) upgraded to Buy from Hold at ISI Group... LRR Energy (LRE) upgraded to Buy from Hold at Stifel... Nationstar (NSM) upgraded at Sterne Agee... Nexstar (NXST) upgraded to Buy from Hold at Noble Financial... Nike (NKE) upgraded to Outperform from Neutral at Credit Suisse... Pearson (PSO) upgraded to Outperform from Underperform at Macquarie... Philips (PHG) upgraded to Buy from Hold at ING Group... Rent-A-Center (RCII) upgraded at KeyBanc... Rice Energy (RICE) upgraded to Buy from Accumulate at KLR Group... Sonic Automotive (SAH) upgraded to Overweight from Underweight at Morgan Stanley... Tahoe Resources (TAHO) upgraded to Outperform from Market Perform at Raymond James... Tanger Factory (SKT) upgraded to Buy from Hold at ISI Group... Universal Health (UHS) upgraded at BMO Capital... Voya Financial (VOYA) upgraded to Strong Buy from Outperform at Raymond James... Waste Management (WM) upgraded at Wedbush... Yahoo (YHOO) upgraded to Buy from Hold at Needham.
08:44 EDTBIDUBaidu upgraded to Buy at UBS
As reported previously, UBS upgraded Baidu to Buy from Neutral, citing expectations of better top-line growth and an optimistic outlook on mobile monetization. UBS raised its price target on Baidu to $272 from $212.
06:39 EDTBIDUBaidu upgraded to Buy from Neutral at UBS
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September 23, 2014
09:37 EDTBIDUActive equity options trading on open
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September 22, 2014
08:04 EDTBIDUAltera and Baidu collaborate on FPGA-based acceleration for cloud data centers
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September 19, 2014
16:00 EDTBIDUOptions Update; September 19, 2014
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09:37 EDTBIDUActive equity options trading on open
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September 18, 2014
16:00 EDTBIDUOptions Update; September 18, 2014
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07:35 EDTBIDUBaidu volatility low into Alibaba IPO
Baidu September call option implied volatility is at 28, September weekly is at 28, October is at 32, December is at 33; compared to its 26-week average of 38 according to Track Data, suggesting decreasing price movement.
September 17, 2014
12:01 EDTBIDUSeagate signs strategic agreement with Baidu
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