Baidu expected to report solid Q4 results, says Macquarie Macquarie expects Baidu to report solid Q4 results that are in-line or better than management guidance. The firm expects results to be driven by its mobile search business, iQiyi video and Qunar, and a solid PC search business. The firm believes Q1 guidance could be better than its estimates and believes modest 2014 margin pressure is factored into shares. The firm rates Baidu an Outperform with a $200 price target.
Baidu calls active amid renewed takeover speculation Baidu February weekly 210 and 212 calls are active on total call volume of 7K (1K puts) amid renewed takeover speculation. February weekly call option implied volatility is at 29, March is at 26, April is at 27; compared to its 26-week average of 33 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.