Baidu (BIDU) – Beaten Back by China but Buy it Here

Baidu (Nasdaq: BIDU) has been beaten down over the last few months by bad news about economic activity in China and by some relatively disappointing earnings news from an important stock of the region as well. That situates the stock well heading into its own earnings report, but upside may be limited in this environment. Downside risk should be limited here as well, so I see the stock as okay to buy for the long-term here but I would not stake a short-term trade purely on the EPS report. See my full prescient report on Baidu here.

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