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Baidu, Inc. (BIDU) provides Internet search services. The company offers a Chinese language search platform on its Website, Baidu.com; and a Japanese language search platform on its Website, Baidu.jp. Its search services enable users to find relevant information online, including Web pages, news, images, documents, and multimedia files through the links provided on its Websites.
The company also offers search products and Web directory; search-based community products; mobile search and related products; products and services for Websites and enterprises; e-commerce and entertainment products; and software and related search products. In addition, it provides online marketing and auction-based P4P services that enable its customers to reach users who search for information related to their products or services.
The company serves online marketing customers consisting of small and medium sized enterprises, large domestic corporations, and Chinese divisions or subsidiaries of multinational corporations primarily operating in the medical, machinery, education, software and online games, tourism and ticketing, transportation, franchising, business services, electronic products, information technology services, financial services, construction and decoration, household appliances, and other industries. It sells its online marketing services directly, as well as through its distribution network. Shares sold off after its smaller rival reported earnings that beat the estimates.
BIDU shares fell on fears that it is losing market share but that was a technical sell off on the shares, bringing prices to the bottom of the upward trading channel that shares have been using. Shares are now at a buying range.
52-Week Trading Range: $99.71 - $154.15
Last Trade: $115
Stop Loss: $109.25
Target Price: $126.50
Stock traded below $109. We took our losses ($109) and moved the proceeds into KORS.
