Unfortunately, Hurricane Sandy closed the market for two days. As we returned to action today, Baidu (NASDAQ:BIDU) dropped by 6%. However, Baidu isn't sitting idly by. The company has invested heavily into other initiatives designed toward broadening and more effectively monetizing its user base, such as mobile browser, cloud services, and more. The company is at 27x its earnings but, on the other hand, it is still growing 50% each quarter. In this video, Fool.com tech and telecom analyst Andrew Tonner gives two main concerns dragging down Baidu stock.
Motley Fool Returns
Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Stock Advisor list price is $199 per year.
Stock Advisor launched in February of 2002. Returns as of 10/20/2021.
Average returns of all recommendations since inception. Cost basis and return based on previous market day close.