BIDUN trade ideas
BIDU KILLS MARKET GUIDANCE BY 100% TO 1.3-1.4 BN!! stock up 5%! U.S.-traded shares of Baidu Inc. BIDU, +4.44% surged in the extended session Friday after the Chinese Internet search company raised its outlook for the quarter. Baidu ADRs rallied 5% after hours, following a 1.7% decline to close the regular session at $123.56. The company said it expects adjusted fourth-quarter net income of $1.28 billion to $1.36 billion on revenue of $4.06 billion to $4.15 billion. Analysts surveyed by FactSet had forecast adjusted net income of $623.4 million on revenue of $4.02 billion. Baidu also said it was pushing its reporting date to Feb. 27 and extending its employees' Chinese New Year holiday and asking them to work from home because of "the evolving situation brought upon by the outbreak of the novel coronavirus."
BIDU ON SALES 50% ENJOY IT WHILE YOU CAN! for long term holding I love this Virus
If you are a multi year investor this is time to start buying this great company in the biggest market in the world for 50 % ATH
Dont worry about short term volatility or Events it will be forgotten soon
If you are afraid to load now just do it step by step with the fall so your average price down
BE READY FOR A BIG RISE IN BIDU WHEN TRADE DEAL SIGNED !!!!!This stock is an amazing company and still far away from all time highs
It was knocked down because of the trade war worries and it will be restore to these ATH when the deal is signed next week
So don't miss it this is probably the lowest risk big tech stock to buy with BABA compared to US counterparts
Huge Baidu earnings forecast upgrade, on the order of 50%Baidu is up 7.5% today, but today's analyst upgrade of its earnings forecast was more on the order of 50%, so there's lots of upside left in this stock. Baidu does have one source of drag: Chinese regulators are cracking down on tech monopolies and technology theft in accordance with the trade deal with the United States. Baidu is likely to be affected, though it's hard to know on what scale.
I have added a few BIDU shares to my position today, and will add more tomorrow if it pulls back from today's big move.