Baidu’s Rapid Growth in China Falters Despite 721 Million People Online
Baidu's growth should be extraordinary. However, it is not. Its dominant position in China has become its enemy as the government alters how internet search may be used.
Baidu's growth should be extraordinary. However, it is not. Its dominant position in China has become its enemy as the government alters how internet search may be used.
The top analyst upgrades, downgrades and initiations seen on Monday morning include Advanced Micro Devices, Agios Pharmaceuticals, Baidu, Diamond Offshore Drilling, LyondellBasell and Occidental Petroleum.
When the Chinese government launched an investigation into the death of a university student who used the Baidu search engine, some analysts lowered price targets on the stock.
The top analyst upgrades, downgrades and initiations seen on Thursday morning include Baidu, Boeing, Coeur Mining, Flextronics, NXP Semiconductors, Walt Disney and WebMD.
The top analyst upgrades, downgrades and initiations seen on Wednesday morning include Baidu, Enterprise Products Partners, Kinder Morgan, Kinross Gold, Marketo, Office Depot, Staples, Walt Disney, Williams Companies.
The top analyst upgrades, downgrades and initiations seen on Friday morning include Amazon, Ford, Gilead, Level 3, Sarepta, Western Digital and Whiting Petroleum.
Google's rival in the China, Baidu, owns almost all of the market in that country, which has the world's largest population of internet users and the world's largest cell phone market.
The top analyst upgrades, downgrades and initiations seen on Monday morning include Baidu, Caterpillar, GE, Honeywell, Kimberly-Clark, Schlumberger and Southern Energy.
Merrill Lynch has a Buy rating on Baidu and raised its price objective to $232 from the previous level of $213.
Baidu is much smaller than Google. However, Baidu is only in one market — China — which Google desperately wants to penetrate.
Wednesday's top analyst calls include AIG, Baidu, Chipotle Mexican Grill, Dow Chemical, Mallinckrodt, Palo Alto Networks, Tesla and Xilinx.
Friday's top analyst calls include American Express, Apple, Baidu, CONSOL Energy, FireEye, JD.com, MetLife, SunPower and Skechers.
Baidu no longer has the hot hand in global search. Its unfortunate prospects may not be its own doing.
Monday's top analyst upgrades, downgrades and initiations include Baidu, Goldman Sachs, Intel, J.C. Penney, Twitter and United Technologies.
24/7 Wall St. has taken a few key exchange traded funds and stocks from the Chinese markets that are representative of the recent plunge.