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CLOSING UPDATE: Baidu accelerates rise, now up 3.8% in 2 days 24 July 2017 17:53 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's NASDAQ market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Baidu, NASDAQ's 3rd largest internet company by market capitalisation, is up $US7.33 (or 3.8%) over the past two trading days. After rising 1% on Friday, the stock rose 2.8% on Monday to trade at $US198.65 vs. the NASDAQ-100 Index that is up 0.3% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 3.36 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the NASDAQ market, the stock's relative price strength percentile is improving at 64 for 6 months, 71 for 3 months and 85 for 1 month.

+ In the last three months the stock has hit a new 52-week high once.

+ The price climbed 5.5% in the last week and soared 10.8% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Price/Earnings of 4.3 [17.9]

+ Return on Equity 12.6% [8.7%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 20.9%.

+ Interest cover is less leveraged at 13.5 times.

+ Net profit margin has averaged 30.1% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity of 12.6% is better than sector average of 8.7%.

Note

Bearish Signals:

Tobin's Q Ratio is 2.1. Compared with the rest of the market the stock is overvalued.

Overbought/Bearish:

The 0.3% discount to 12-month high of $US199.25 against the 27.1% premium to 12-month low of $US156.23 suggests the climb might be peaking.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Sales of 4.9 [3.6]

Price to Book of 5.2 [2.8]

Return on Assets 6.4% [10.2%]

Return on Capital Employed 11.5% [13.4%]

TODAY'S ALERTS

Afternoon Alert: Baidu accelerates rise, now up 3.8% in 2 days

24 July 2017 13:30 EDT

Baidu, Inc. (NASDAQ:BIDU) is up $US7.22 (or 3.8%) over the past two trading days. After rising 1% on Friday, the stock rose 2.8% on Monday to trade at $US198.54 vs. the NASDAQ-100 Index that is up 0.2% in the same period.

Morning Alert: Baidu accelerates rise, now up 3.2% in 2 days

24 July 2017 11:01 EDT

Baidu, Inc. (NASDAQ:BIDU) is up $US6.08 (or 3.2%) over the past two trading days. After rising 1% on Friday, the stock rose 2.2% on Monday to trade at $US197.41 vs. the NASDAQ-100 Index that is down 0.01% in the same period.

RECENT ALERTS

Afternoon Alert: Baidu in 3rd consecutive rise, nears two-month high

20 July 2017 13:29 EDT

Baidu, Inc. (NASDAQ:BIDU) extended its gains Thursday, rising an additional 89.0c (or 0.5%) to trade at $US191.80. The stock increased 0.68% on Tuesday and 0.74% on Wednesday bringing its 3-day rise to 1.9%. It is now approaching its 41-day high of $US192.86.

Morning Alert: Baidu in 3rd consecutive rise, nears two-month high

20 July 2017 11:06 EDT

Baidu, Inc. (NASDAQ:BIDU) extended its gains Thursday, rising an additional 94.0c (or 0.5%) to trade at $US191.85. The stock increased 0.68% on Tuesday and 0.74% on Wednesday bringing its 3-day rise to 1.9%. It is now approaching its 41-day high of $US192.86.

Baidu, Inc. (O:BIDU)

ISIN: US0567521085

PermID: 5036392074

CIK: 1329099

CUSIP: 056752108

Source: www.BuySellSignals.com