Is Selling Baidu Now a Mistake?
Baidu just took a hit. Is it time to jump ship, or to buy more?
Despite strong growth and an overall solid earnings report this quarter, Baidu (NASDAQ:BIDU) fell roughly 10% on earnings news, and Raymond James downgraded the stock from outperform to market perform. Is this cause for Baidu investors to panic? Motley Fool senior technology analyst Eric Bleeker doesn't think so. In this video, he tells investors the biggest differences between short-term factors causing some volatility and long-term factors that will continue to make this a great company for the long run.