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Why Is Baidu Still Rocking?

Baidu flies in the face of its bears, and continues to hit new 52-week highs.

By Rick Munarriz and Rex Moore – Oct 2, 2013 at 5:17PM EST

Baidu (BIDU 4.07%) is hitting new 52-weeks highs, and that may surprise the boo birds that figured that Qihoo 360's (QIHU +0.00%) surprising arrival would eat into the Chinese search engine's market dominance.

Qihoo 360 has started to make a dent in Baidu's business, but the Chinese search market is growing so quickly that there's room for more than one winner.

In this video, Rick Munarriz discusses the bullish case for Baidu with Rex Moore, explaining why Qihoo 360's arrival may be a blessing in disguise.


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About the Author

Rick Munarriz
Rick Munarriz is a contributing Motley Fool stock analyst and long-time contributor to the company’s free offerings and premium investing services, including Rule Breakers and Supernova. He has analyzed stocks across media and entertainment, retail and restaurants, and emerging technologies for The Motley Fool for 30 years. Rick holds an MBA from the University of Miami, once traveled the country with his band Paris By Air, and on weekends he can be seen on stage at Just The Funny theater in Miami as an improv comedy performer and co-owner. He is a regular guest on CNBC, Fox Business, BBC, and NPR for his expert stock analysis. He lives with his family in Miami and Celebration, Florida.
TMFBreakerRick
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Stocks Mentioned

Baidu Stock Quote
Baidu
NASDAQ: BIDU
$110.95
(-4.02%)-$4.65

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