Tag Archives: bidu

Baidu Stock Hits High After Upgrade; Earnings Ahead

Baidu (BIDU) stock rose Monday to an all-time high as China’s Internet search leader was upgraded to overweight, or buy, from equal weight by investment bank Morgan Stanley, which cited improved search monetization. Baidu rose 3.4% to close at 197.72 on the stock market today after hitting a record 199.09 intraday. The China-based search engine is scheduled to report Q2 earnings after the close Thursday. Baidu stock has risen more than 20% since

Ctrip Downgraded On Air China Ticket Commission Cut

Ctrip.com International (CTRP) was down 1.5% in morning trading in the stock market today after Stifel Nicolaus downgraded the China Web travel agency to hold from buy on the likely impact of a ticket commission-rate cut by Air China. Stifel also lowered its estimates on Ctrip’s air-ticketing revenue. In earlier trading Tuesday, Ctrip stock has fallen as much as 6.6%. The stock of Baidu (BIDU)-backed China metasearch travel firm Qunar Cayman

Qihoo, Baidu Among 5 Chinese International Leaders

Many winning stocks are foreign companies that trade in the U.S., and Chinese firms like Qihoo 360 Technology (QIHU) are among the best. Today’s International Leaders Screen Of The Day includes five hot Chinese stocks crowding the top of the list. Beijing-based Qihoo 360 is an Internet and mobile security products provider that’s challenging and gaining share on dominant Chinese search engine Baidu Technology (BIDU), which is also on the list. On