Back to top

Image: Bigstock

Baidu, Inc. (BIDU) in Focus: Stock Moves 5.6% Higher

Read MoreHide Full Article

Baidu, Inc. (BIDU - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up 14.5% in the past one-month time frame.

The move came after the company has inked a deal to divest its financial service business that offers consumer credit, wealth management as well as other financial services.

The company has seen one negative estimate revision in the past month, while its Zacks Consensus Estimate has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Baidu currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

Investors interested in the Internet – Services industry may consider Autohome Inc. (ATHM - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is BIDU going up? Or down? Predict to see what others think: Up or Down

The Hottest Tech Mega-Trend of All
 
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Baidu, Inc. (BIDU) - free report >>

Autohome Inc. (ATHM) - free report >>

Published in