What’s in the Cards for Baidu (BIDU) This Earnings Season?
Baidu, Inc. BIDU is set to report fourth-quarter 2017 results on Feb 13.
Notably, the company has beaten the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average positive surprise of 66.72%.
Last quarter, Baidu delivered a positive earnings surprise of 77.63%. Earnings of $3.89 per share surged 64.8% sequentially and 161% on a year-over-year basis.
Baidu’s Revenue Growth Likely To Continue Across Segments
Baidu is scheduled to announce its Q4 and full year earnings on February 13. The internet giant reported a solid 17% growth in revenues to RMB 61.3 billion ($9.3 billion) through the first three quarters of the year.
Strong revenue growth was complemented by a massive 38% improvement in the company’s adjusted EBITDA to RMB 16.5 billion, with adjusted EBITDA margins expanding by over 4 percentage points.
This trend is expected tot continue through the December quarter, with revenues expected to grow 25%
JPMorgan Report: Crypto Could One Day Help Diversify Portfolios
Cryptocurrencies could one day help investors diversify their equity and bond portfolios, analysts for JPMorgan Chase wrote in a new, 71-page research report focused on the tech.
The report, entitled “Decrypting Cryptocurrencies: Technology, Applications and Challenges” and dated Feb. 9, was drafted by the bank’s Global Research unit.
A copy obtained by CoinDesk explores a range of subjects related to cryptocurrency and blockchain, notably exploring the implications for investors, financial firms and central banks, among others.
Today's Trade of the Day | 2-13-18
Dollar Tree In DLTR traded into relative weakness yesterday in the face of a very bullish stock market. This bad news from Washington was most likely the catalyst. Game planning a momentum sell short today. The entry trigger is a $104 sell stop, with a profit target to cover when the stock price hits $96. Stop loss on a close above $106.50.
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S&P 500 Heatmap
Stocks to Trade | Tuesday Edition 2-13-18
Bullish Momentum: NKTR, NFLX, BA, ARRY, STX
Bearish Momentum: dg, dltr, vr, tmus, scg, yumc
Bullish Order Flow: TWTR, NFLX, HCA, NKTR, EA, AMZN, VFC, MA
Bearish Order Flow: slca, dvmt, ups, scg, eqt, cgnx, apa, cern, slb, celg, xlnx, luv, sig, xom, bidu, vtr, hcn, pg, khc, duk
Double Normal Volume: LEN, UTX, AXP, DLTR, OMC, MCHP, EXPE, SKX
Inside Days: nvda, nwl, slb, kr, sq, utx, mgm, wmt, bhge, cvs, dhi, m, ups, celg, tsla, aig, gsk, apa, hrb, amtd, wynn, bby, roku, hog
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