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Stock Market & Financial Investment News

News Breaks
February 1, 2013
11:52 EDTBIDUEarnings Preview: Baidu shares down almost 5% since last earnings report
Baidu (BIDU) is expected to report Q4 earnings after the market close on Monday, February 4 with a conference call scheduled for 8:00 pm ET. Baidu is a Chinese web services company that provides a search engine for web pages, audio files and multimedia... EXPECTATIONS: Analysts are looking for EPS of $1.29 on revenue of $1.0B. The consensus range is $1.21-$1.36 for EPS, and $991.73M-$1.02B for revenue, according to First Call... LAST QUARTER: Baidu reported Q3 EPS $1.39 against estimates of $1.31, on revenue of $994.6M against estimates of $992.79M. The company also provided Q4 revenue guidance of $973.3M-$1.01B... STREET RESEARCH AND NEWS: Most analyst firms have remained cautious on Baidu. The company was downgraded at Citigroup and Barclays, citing weak mobile monetization, a slowdown in search revenues, and increasing competition from other companies like Qihoo (QIHU). Citigroup added that Baidu will have a challenging 2013, saying that acquisitions will not solve the company's problem with monetizing mobile traffic. Piper Jaffray said that estimates for Baidu need to come down, currently expecting FY13 EPS of $5.41 vs. consensus of $5.91.... PRICE ACTION: Baidu shares have fallen almost 5% since the first day of trading following the company's Q3 report, although the stock bottomed in early December at ~$88 and have since risen to above $108. In Friday midday trading ahead of Q4 report, Baidu shares are trading near flat at $108.40.
News For BIDU 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.

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