IB Net Payout Yields Model

Invest like me - only at Covestor.com

Baidu: Resuming Growth In 2023

By -


Update - Dec. 27

China setting up for a big recovery in 2023 in a very bullish sign of a big rebound in the business of Baidu. 

-Alibaba (NYSE:BABA), JD.com (NASDAQ:JD), Baidu (NASDAQ:BIDU) and several other Chinese tech stocks rose in premarket trading on Tuesday as the country eased up on restrictions for international travelers and continued to remove the majority of its zero-COVID policies that have plagued the country's economy.

-On Monday, the National Health Commission said it would no longer require inbound travelers to head into quarantine, starting January 8. Instead, travelers entering China will have to show a negative PCR test 48 hours before entering the country.

-COVID-19 was also downgraded to a Category B virus, down from a Category A level, the commission added, as it has become less virulent and likely to become a common respiratory virus.
Original article published on Dec. 26. 

  • Baidu should see a rebound in the digital ad market similar to the jump in 2021 before covid lockdowns in 2022 disrupted growth again.
  • Apollo Go remains a massive growth driver in the years ahead as Baidu accelerates launch in additional areas.
  • The stock is cheap at just 12x '23 EPS targets while Baidu has catalysts for strong growth.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 
After a few dismal years for Chinese stocks, Baidu (NASDAQ:BIDU) is set up for a much better 2023. The stock has already rallied off the 2022 lows, but the company has far more upside with the... 

Read the full article on Seeking Alpha. 

Disclosure: Long BIDU. Please review the disclaimer page for more details. 


Comments

Post a Comment

Popular posts from this blog

Aurora Cannabis: Deal Or No Deal

By -
Aurora Cannabis was left out of the major deal making in 2018. The cannabis company updated FQ2 guidance to revenues of $50 to $55 million with a continued focus on pure production growth. The stock is down as the market is becoming less impressed with commodity farming operations due to the prime Oregon example. The stock is below key resistance at $5.40 as medical cannabis patient totals failed to impress. As the end of 2018 came and went,   Aurora Cannabis   ( ACB ) was a notable absentee from the deal making in the cannabis market. Just about all of the other major Canadian cannabis players got large investments or signed up powerful partnerships, but the related stocks didn't generally maintain rallies following the deals. Based on the early legalization data in Canada and Oregon, the best option for Aurora Cannabis might actually be selling production capacity while the Canadian market remains hot. Read the full article on Seeking Alpha.  Disclosure: No
Read more

C3.ai: Out Of Steam (Rating Downgrade)

By -
Image
This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   Update - June 23, 2023 C3.ai has fallen back to earth after the Investor Day meeting. The Deutsche Bank analyst call on the meeting suggests the company still isn't ready to produce actual numbers from the generative AI demand.  C3.ai ( NYSE: AI ) shares  fell more than 8%  on Friday after investment firm Deutsche Bank reiterated its sell rating on the enterprise software company after it held its investor meeting. Analyst Brad Zelnick said the event "left a lot to be desired" as there were  no details on financials, "limited" updates on the company's operations and investors did not really attend the event, despite it being positioned as for them. "While we appreciate the vast opportunity presented by AI, the event did nothing to ease our skepticism on the true differentiation of the company's platform, its traction with custome
Read more

Archer Aviation: Promising Developments

By -
Image
  Update - June 12, 2023 Archer is finally in the midst of a breakout on the positive FAA news.  -The acting administrator of the Federal Aviation Administration, Billy Nolen, is in talks to join Archer Aviation (NYSE:ACHR), per a report from Reuters. -Citing sources familiar with the situation, the report indicates Nolen will depart his current position atop the FAA in the next few weeks and will then look to transition to a role at Archer (ACHR). Archer’s rival Joby Aviation (JOBY) previously appointed former FAA chief Michael Huerta to a position on its board in March. Original article posted on Jan. 19 This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   Archer Aviation Inc. jumped to $3 on the excitement of small insider purchases. The eVTOL manufacturer recently announced several major developments towards FAA certification and production of the Midnight aircraft. Archer Aviation stock is interesting, with a $70
Read more