BIDU – Baidu Inc Earnings Report 2-13-18

BIDU - Baidu Inc Earnings Report 2-13-18

BIDU - Baidu Inc Earnings Report 2-13-18

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.

nasdaq.com/baidu-bidu-earnings

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%

forbes.com/baidus-revenue-growth

BIDU Chart Baidu 2-13-18 Before Earnings

BIDU Chart Baidu 2-13-18 Before Earnings

Cryptocurrency Investing

Bitcoin Chart BTC USD 2-13-18

Bitcoin Chart BTC USD 2-13-18

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.

Read More == >

Today's Trade of the Day | 2-13-18

DLTR Dollar Tree Inc 2-13-18

DLTR Dollar Tree Inc 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.

SPY ETF Chart 2-13-18

SPY ETF Chart 2-13-18

HEADLINE NEWS

Third-straight win for U.S. stocks in doubt as Dow futures tumble more than 100 points
https://www.marketwatch.com/story/third-straight-win-for-us-stocks-in-doubt-as-dow-futures-tumble-more-than-100-points-2018-02-13

PepsiCo revenue tops Wall Street estimates in fourth quarter
https://www.reuters.com/article/us-pepsico-results/pepsico-revenue-tops-wall-street-estimates-in-fourth-quarter-idUSKBN1FX19U

Bitcoin Halts Longest Rally Since December After 24% Increase
https://www.bloomberg.com//news/articles/2018-02-13/bitcoin-halts-longest-rally-since-december-after-24-increase

Amazon is cutting hundreds of employees to shift resources to fast-growing businesses
https://www.cnbc.com/2018/02/12/amazon-laying-off-hundreds–report.html

Trader: The Dead Cat Bounce Is Ending, “The Situation Remains Bearish”
https://www.zerohedge.com/news/2018-02-13/trader-dead-cat-bounce-ending-situation-remains-bearish

S&P 500 Heatmap

SP 500 Heatmap 2-13-18

SP 500 Heatmap 2-13-18

Stocks to Trade | Tuesday Edition 2-13-18

MOMENTUM

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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About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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