Out Fox The $treet

Updated - Nov. 15, 2024 Despite leadership in AI and robotaxis in China, Baidu trades right back down to historical support around $80. The stock has now dipped $30 following the volatile move on hope for the Chinese government to fully stimulate the economy.  Update - Aug. 22, 2024 Baidu didn't report anything impressive from robotaxis or AI yet during Q2. The big robotaxi ramp up in Wuhan hasn't started yet. The stock did hold the key $80 support level.  Q2 Non-GAAP EPADS of $2.89 beats by $0.29. Revenue of $4.67B (flat Y/Y) misses by $70M. Adjusted EBITDA was $1.26 billion and adjusted EBITDA margin was 27%.  Adjusted EBITDA for Baidu Core was $1.19 billion and adjusted EBITDA margin for Baidu Core was 32%. Free cash flow was $862 million, and free cash flow excluding iQIYI was $810 million. Original article posted on Aug. 18 Baidu trades at levels first seen in 2011 despite strong growth catalysts. The Chinese search leader will report Q2 earnings on August 22, reveal...

Baidu stemmed the massive downturn due to better than expected Q2 results. The Chinese search giant isn't predicting Q3 results worthy of a major stock rally. The company is positioned to thrive when the Chinese economy rebounds. The stock trades at an insane 1.5x EV/S. Following  strong Q2 results  for the Chinese internet stocks focused on ad revenue,  Baidu  ( BIDU ) is likely stuck at resistance near $115. Despite the stock trading far below the $180 levels from back in April, the macro headwinds and market dynamics in internet search aren't likely to provide the growth necessarily for a stock rally until resolution of the Chinese trade war. Ultimately, the insane stock value will make one want to own Baidu on a trade war resolution. Read the full article on Seeking Alpha.  More commentary - Out Fox The $treet - August 20  Disclosure: Long BIDU. Please review the disclaimer page for more details. 

Baidu continues building a dominant position in the mobile search market in China. The market has several catalysts that will naturally grow the opportunity for the stock. Baidu remains attractively valued in comparison to other Internet giants. After about a year of going nowhere, Baidu (NASDAQ: BIDU ) appears ripe to build on the recent rally from early May. The Chinese Internet search giant remains a mostly underappreciated stock despite many catalysts for growth. The stock sits around $207, a level that is toward the bottom of the range for the last year. Read the full article on Seeking Alpha. Disclosure: Long BIDU. Please review the disclaimer page for more details. 

As last weeks article presented, Chinese Internet stocks have struggled over the last two years. Leaders such as search giant Baidu have seen losses while the S&P 500 has seen a meaningful 34% gain. Outside of the major Chinese Internet stocks, the previous group of ChinaCache , Renren , and SINA Corporation had seen losses over the last two years closer to 50%. The new group hasn’t seen the same more » Discloure: No positions mentioned. Please review the disclaimer page for more details. 

Chinese internet stocks have struggled over the last two years. Leading stocks such as internet search giant Baidu have seen losses, while the S&P 500 has seen a meaningful 34% gain. Outside of the major Chinese internet stocks, the losses over the last two years have been closer to 50%. Some of these stocks have seen expectations drop from the outlandish forecasts a few years back, but strong long-term more » Disclosure: No positions mentioned. Please read the disclaimer page for more details. 

On Thursday, two more stocks IPO'ed at significant gains. Unfortunately small investors were left out of the process until the stocks opened significantly higher. By that time though, these investments aren't attractive anymore and if anything the small investor comes rushing in and loses money. Nothing new in the investment world that continues to be rigged against the average small investor. Both Zipcar ( ZIP ) and Arcos Dorados ( ARCO ) rose over 25% on the first day of trading.... Read the full article at Seeking Alpha .  Disclosure: Long CCIH. Please review the disclaimer page.