Baidu’s Pre-market Sentiments Isn’t As Exciting

After the struggle that Baidu (BIDU) faced over the last year, the dominant search engine in Chinese faced volatile stock price movement dipping to its low at ~$82. The pre-call excitement isn’t as high for Baidu stock and it has gained only 0.15%. We don’t see any further catalyst driving Baidu stock price in the near future and it is important to note that on an average, the company has a ‘hold’ rating.

Baidu Stock Chart
Source: Baidu stock price chart by Amigobulls

Other Stock Market Updates

Zix order book looks good but earnings remain a concern

Yahoo stock doesn’t seem to recover from its downfall yet

Shanda games stock: Booming due to the boom in the Chinese gaming industry

Google buys stake in Himax technologies

Read our news letter here- Amigobulls internet stock updates July 24, 2013

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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