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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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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 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 5, 2014
09:36 EDTBIDUActive equity options trading
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December 4, 2014
09:37 EDTBIDUActive equity options trading
Active equity options trading according to Track Data: AAPL ALTR P BIDU AMZN TSLA X NFLX TWTR WMT

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