Baidu (NASDAQ:BIDU) has now released its earnings report, and the news was excellent. Net income up 36%. Revenue up 40%. So why did the stock take a 10% haircut on the news? In this video, Motley Fool tech and telecom analyst Andrew Tonner tells investors about the two main short-term factors putting downward pressure on Baidu's share price, and why, more than ever, he sees the stock as one of the greatest buys in tech.
Motley Fool Returns
Stock Advisor S&P 500
Stock Advisor launched in February of 2002. Returns as of 02/22/2020.Join Stock Advisor
Cumulative Growth of a $10,000 Investment in Stock Advisor Calculated by Time-Weighted Return