For Immediate Release
Chicago, IL – November 30, 2020 – Zacks Equity Research highlights Baidu BIDU as the Bull of the Day and CyberArk Software CYBR as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Sony Corp. SNE, Microsoft MSFT and Nintendo Co. NTDOY.
Here is a synopsis of all five stocks:
Bull of the Day:
After peaking above $270 in 2018, Baidu shares have been stuck in bull market purgatory, spending most of the last 18 months under $140.
That punishment could be ending soon as the company reinvents itself and recovers from government restrictions on its advertising revenues.
Here’s what I wrote on June 13 when I profiled BIDU as the Bear of the Day…
Baidu, the $40 billion web search and marketing portal that used to be considered “the Google of China,” especially as they forayed into AI technologies and self-driving cars, rallied over 16% since their strong Q1 earnings report on May 18. But guidance was cloudy enough to cause analysts to lower estimates and drive the stock into the cellar of the Zacks Rank.
BIDU shares didn’t remain in the cellar of the Zacks Rank for long though as analysts re-worked their models based on company guidance and the conference call. And it gave me the green light to begin a new position. Here’s what I wrote in the Buy Alert for my TAZR Trader members on July 6…
It was my plan this weekend to buy BIDU this morning, but little