|January 15, 2014|
|07:49 EDT||BIDU, BIDU||Baidu is an internet top pick for 2014 at CLSA|
CLSA said Baidu is one of the cheapest Chinese internet stocks and should start benefiting from heavy mobile investments. The analyst said Baidu is the default search Chinese search engine and is able to capture search queries of native apps, mobile webs, or local businesses. The firm said competitive threats are small and that the company should be able to sustain 35%-40% revenue growth. Shares are Outperform rated.
News For BIDU From The Last 14 Days
|October 5, 2015|
|11:19 EDT||BIDU||Stocks with call strike movement; TSLA BIDU|
Tesla (TSLA) January 290 call option implied volatility increased 3% to 41, Baidu (BIDU) December 75 call option implied volatility increased 1% to 38 according to iVolatility.
|September 30, 2015|
|10:01 EDT||BIDU||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: Abengoa Yield (ABY) downgraded to Equal Weight from Overweight at Morgan Stanley... American Airlines (AAL) downgraded to Neutral from Buy at Goldman... Baidu (BIDU) downgraded to Hold from Buy at Summit Research... Banco Santander (SAN) downgraded to Neutral from Overweight at JPMorgan... Barracuda (CUDA) downgraded to Equal Weight from Overweight at Stephens... Basic Energy (BAS) downgraded to In-Line from Outperform at Imperial Capital... C.H. Robinson (CHRW) downgraded to Sell from Neutral at Goldman... Cheetah Mobile (CMCM) downgraded to Neutral from Outperform at Credit Suisse... FleetCor (FLT) downgraded to Hold from Buy at Evercore ISI... Gap (GPS) downgraded to Sell from Neutral at UBS... Genuine Parts (GPC) downgraded to Sell from Neutral at Goldman... Grupo Televisa (TV) downgraded to Hold from Buy at HSBC... ITC Holdings (ITC) downgraded to Sell from Neutral at UBS... Lantheus (LNTH) downgraded to Market Perform from Outperform at Wells Fargo... Rentrak (RENT) downgraded to Buy from Strong Buy at Needham... SQM (SQM) downgraded to Neutral from Overweight at JPMorgan... Sequenom (SQNM) downgraded to Hold from Buy at Jefferies... Team (TISI) downgraded to Equal Weight from Overweight at Stephens... Universal Truckload (UACL) downgraded to Hold from Buy at BB&T.
|05:33 EDT||BIDU||Baidu downgraded to Hold from Buy at Summit Research|
Summit Research analyst Henry Guo downgraded Baidu to Hold citing limited visibility into the company's O2O initiatives. The profitability drag from O2O investments will weigh on Baidu's financials for multiple years, Guo tells investors in a research note. The O2O competitive landscape in China is increasing with Meituan and Dianping having early mover advantages, the analyst argues. He cut his price target for Baidu shares to $150 from $205. The Chinese-language Internet search provider closed yesterday up $3.62 to $136.68. Guo points out that his industry checks suggest the company's core search business remains solid and that he believes consensus revenue estimates for Q3 and Q4 are achievable.
|September 29, 2015|
|10:37 EDT||BIDU||Netflix could announce strategic cooperation with Wanda Group, Techweb says|
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|September 24, 2015|
|12:11 EDT||BIDU||Microsoft partnership a modest positive for Baidu, says Summit Research|
Summit Research analyst Henry Guo said he considers Baidu's (BIDU) newly announced strategic partnership with Microsoft (MSFT) for the Edge browser in Windows 10 as a modest positive, but thinks it is likely only a headline positive in the near term. However, if Baidu were to strike a deal to become the default search engine for Internet Explorer, that would be "huge" for the Chinese company, Guo tells investors in a research note. The analyst has a Buy rating on Baidu shares.
|September 23, 2015|
|20:08 EDT||BIDU||Chinese president visits U.S. amid cybersecurity, copyright worries|
As part of his first official U.S. visit, Chinese president Xi Jinping held a meeting with American business leaders on Wednesday to address concerns of copyright infringement and cybersecurity, among numerous topics. In attendance were corporate giants from both nations, including Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), Cisco (CSCO), Alibaba (BABA), Tencent (TCEHY), and Baidu (BIDU), according to media reports. COPYRIGHT CONCERNS: Responding to oft-cited concerns of copyright infringement by Chinese companies, Xi said China will "stand firm to protect" the intellectual property rights of American companies, according to Wall Street Journal coverage of the event. Note that in late 2014, China began establishing specialized courts to deliberate on intellectual property rights cases, and Xi commented Wednesday that "the newly established IPR courts are working smoothly. This means there will be much stronger IPR protection which will serve the interests of foreign businesses as well as Chinese companies." Chinese consumer electronics company Xiaomi is perhaps the most talked-about firm when it comes to the matter, with media outlets frequently criticizing its alleged "copying" of Apple design sensibilities. In mid-July, Xiaomi VP of global operations Hugo Barra told Bloomberg that the company is preparing to enter U.S. markets, though he cautioned that the launch could be "much more" than a year away as it seeks to build up its patent portfolio. CYBERSECURITY TENSIONS: Wednesday's meeting comes in the wake of numerous high-profile "hack attacks," with Sony (SNE), American Airlines (AAL), Anthem (ANTM), United Airlines (UAL), and Target (TGT) all reporting digital security breaches in recent years. Xi has consistently denied the involvement of state-backed hackers, but tensions have nevertheless arisen as cybersecurity firms such as FireEye (FEYE) and Palo Alto Networks (PANW) backtrace connections to the country. Cybersecurity intrusions originating from China have recently slowed ahead of Xi's visit, according to Reuters, with Kevin Mandia of security firm Mandiant telling the publication, "In my gut, I feel like the Chinese and the U.S. over the next couple of years are going to figure this out."
|16:13 EDT||BIDU||Microsoft partners with Baidu for Windows 10 upgrade |
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|10:44 EDT||BIDU||Chinese Internet stock pullback a buying opportunity, CLSA says|
Shares of multiple Chinese Internet companies are down again in morning trading amid more weak economic data from the Asian nation. However, research firm CLSA released a note making favorable comments and evaluations of several of the country's largest Internet players amid the economic slowdown. LITTLE IMPACT FROM SLOWDOWN: After 25 Chinese Internet and telecom companies attended CLSA's Investors' Forum, analyst Elinor Leung stated that Internet companies in China reported that they have been little affected by growing weakness in the nation's economy. Leung said that such companies have attributed their successful performance to a high savings rate, which increases consumer spending power, as well as gains in offline market share. Additionally, companies already listed may benefit from a weak A-share market in China, since smaller companies do not have access to financing and the slow market speeds up consolidation, Leung noted. RATINGS CHANGES: CLSA upgraded online travel service provider Ctrip (CTRP) to Buy from Outperform and maintained an $85 price target on its shares, while also raising its rating on Baidu (BIDU) two notches, to Buy from Underperform. Leung, who lowered Baidu's price target to $180 from $225, said the firm's top sector picks in the country are JD.com (JD), Alibaba (BABA), Tencent (TCEHY), and Ctrip. The analyst added that Tencent and Ctrip shares are the "most defensive" stocks, while JD and Alibaba could rebound even more after sentiment improves. WHAT'S NOTABLE: Last Thursday, TechInAsia reported that Baidu chief executive officer Robin Li said that the company was weighing the idea of delisting from the Nasdaq (NDAQ) and re-listing on the A-shares market in China. TechInAsia later added that a spokesperson from the Chinese internet giant "downplayed" the potential move, saying that Li's comments referred to an "unlikely hypothetical situation" in which U.S. investors don't recognize the importance of the online-to-offline market. PRICE ACTION: In morning trading, Baidu shares fell 1.4% to $134.21, Ctrip shares were flat near $66.64, JD.com shares slid 2% to $25.04 and Alibaba shares declined 2% to $60.69.
|10:00 EDT||BIDU||On The Fly: Analyst Upgrade Summary|
Today's noteworthy upgrades include: Baidu (BIDU) upgraded to Buy from Underperform at CLSA... BioMed Realty (BMR) upgraded to Buy from Hold at Canaccord... Carnival (CCL) upgraded to Buy from Neutral at Nomura... Ctrip.com (CTRP) upgraded to Buy from Outperform at CLSA... Daktronics (DAKT) upgraded to Buy from Hold at Needham... FMC Corporation (FMC) upgraded to Buy from Hold at Jefferies... Finish Line (FINL) upgraded to Outperform from Market Perform at FBR Capital... Intel (INTC) upgraded on potential PC, client business rebound at Bernstein... MTN Group (MTNOY) upgraded to Neutral from Sell at Goldman... Mitcham Industries (MIND) upgraded to Buy from Neutral at Sidoti... Parker Drilling (PKD) upgraded to Buy from Neutral at Sidoti... Raytheon (RTN) upgraded on international outlook at Bernstein... Regional Management (RM) upgraded to Buy from Hold at Jefferies... Vivendi (VIVHY) upgraded to Hold from Underperform at Jefferies... Wolverine World Wide (WWW) upgraded to Neutral from Sell at Citi.
|09:33 EDT||BIDU||Active equity options trading on open: AAPL BBRY BIDU BIIB|
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|09:18 EDT||BIDU||Paulson Institute and CCPIT to co-host U.S.-China Business Roundtable|
The Paulson Institute and the China Council for the Promotion of International Trade (CCPIT) provide an opportunity for U.S. and Chinese business leaders to discuss issues facing the two countries in a roundtable being held in Seattle, Washington on September 23.
|07:50 EDT||BIDU, BIDU||Ctrip.com upgraded to Buy from Outperform at CLSA|
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|07:48 EDT||BIDU, BIDU||Baidu upgraded to Buy from Underperform at CLSA|
After hosting an Investors Forum and Internet tour for Chinese companies, CLSA upgraded Baidu (BIDU) to Buy, stating that the recent correction in the stock is a buying opportunity. Chinese Internet companies said they have seen very little impact from the slowing economy, the firm tells investors in its sector note. The firm lowered its price target on Baidu shares to $180 from $225. CLSA also upgraded Ctrip (CTRP) to Buy this morning.