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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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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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September 15, 2014
06:40 EDTBIDUNew Apple products blasted by Baidu, WantChinaTimes says
Apple's (AAPL) new iPhones are low quality products with high breakdown rates, and the devices will not generate strong sales in China, Chinese search engine Baidu (BIDU) said in a blog on Saturday, according to WantChinaTimes. Another blog from Baidu stated that Apple is not innovating and is not taking its smart watch seriously enough, WantChinaTimes reported. Reference Link
September 10, 2014
08:34 EDTBIDUCtrip.com confirms removal of hotel listings from Qunar, Marbridge Daily says
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September 8, 2014
06:37 EDTBIDUBaidu hires Microsoft's Zhang Yaqin, WSJ reports
Baidu (BIDU) has hired Zhang Yaqin, a top Microsoft (MSFT) executive in China, to become its president for new business,t he Wall Street Journal reports. Zhang was Microsoft's VP and chairman of its Asian-Pacific research and development group. Reference Link

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