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Stock Market & Financial Investment News

News Breaks
August 9, 2013
10:55 EDTBIDUBaidu advances after analyst raises stock rating
Shares of Chinese search engine Baidu (BIDU) are advancing after Citigroup upgraded the stock this morning. WHAT'S NEW: Baidu's revenue from mobile Internet users should continue to increase in upcoming quarters, Citigroup analyst Muzhi Li wrote in a note to investors earlier today. Mobile Internet yields higher profit margins than desktop, added Li. Moreover, the increase in Baidu's mobile Internet revenue should raise the valuation of its stock, he believes. Baidu should also be boosted by its acquisition of Chinese Internet company 91 Wireless, which has a high growth mobile app and mobile games business, the analyst added. Li upgraded Baidu to Buy from Neutral, and increased the target on the shares to $167 from $113. TODAY'S PRICE ACTION: In mid-morning trading, Baidu rose $3.30, or 2.4%, to $139.
News For BIDU From The Last 14 Days
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July 25, 2014
09:37 EDTBIDUActive equity options trading on open
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09:25 EDTBIDUOn The Fly: Pre-market Movers
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09:09 EDTBIDUBaidu price target raised to $260 from $220 at Pacific Crest
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08:06 EDTBIDUBaidu price target raised to $275 from $220 at Brean Capital
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07:46 EDTBIDUBaidu price target raised to $250 from $215 at Stifel
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July 24, 2014
18:45 EDTBIDUOn The Fly: After Hours Movers
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16:51 EDTBIDUBaidu up 7% to $218.34 after Q2 report
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16:37 EDTBIDUBaidu sees Q3 revenue $2.163B-$2.221B
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16:35 EDTBIDUBaidu reports Q2 EPS ex-items $1.73, consensus $1.40
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15:29 EDTBIDUNotable companies reporting after market close
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13:33 EDTBIDUBaidu July weekly 202 straddle priced for 6.7% move into Q2
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11:57 EDTBIDUBaidu technical commentary ahead of results
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July 23, 2014
09:23 EDTBIDUBaidu volatility elevated into Q2 and outlook
Baidu July weekly call option implied volatility is at 107, August is at 45, September is at 39, December is at 37; compared to its 26-week average of 42 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 24.
July 21, 2014
10:49 EDTBIDUBaidu advances following Morgan Stanley upgrade
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07:26 EDTBIDUBaidu upgraded to Overweight from Equal Weight at Morgan Stanley
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July 18, 2014
05:21 EDTBIDUChangyou.com appoints Rucia Ren as acting CFO
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July 15, 2014
07:46 EDTBIDUBaidu looking to strike game partnerships in Canada, Globe & Mail says
Baidu is meeting with game developers in Vancouver and Toronto to see if it can strike relationships as the Chinese search giant looks to build on the 40% shares of China's games market on the Android platform that it currently holds, reported The Globe & Mail. Reference Link
July 14, 2014
08:23 EDTBIDU, BIDUBaidu likely to report Q2 upside, says CLSA
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