Baidu (BIDU) Offering Possible 66.67% Return Over the Next 22 Calendar Days

Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $133.00 short put and a strike $128.00 long put offers a potential 66.67% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $133.00 by expiration. The full premium credit of $2.00 would be kept by the premium seller. The risk of $3.00 would be incurred if the stock dropped below the $128.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Baidu is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Baidu is bullish.

The RSI indicator is at 63.95 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Baidu

Baidu Could Challenge ByteDance by Buying JOYY's Chinese Business
Tue, 27 Oct 2020 14:14:07 +0000
In an effort to expand its streaming video ecosystem, Baidu (NASDAQ: BIDU) could soon acquire JOYY's (NASDAQ: YY) Chinese operations, according to the digital media outlet Jiemian. JOYY will reportedly retain its larger overseas business. JOYY's global average mobile monthly active users (MAUs) grew 21% year-over-year to 457.1 million last quarter.

Baidu Inc. (BIDU) Stock Moves -0.73%: What You Should Know
Mon, 26 Oct 2020 21:50:09 +0000
In the latest trading session, Baidu Inc. (BIDU) closed at $132.95, marking a -0.73% move from the previous day.

REFILE-WPP appoints former Baidu executive Ya-Qin Zhang to board
Mon, 26 Oct 2020 08:12:02 +0000
WPP, the world's biggest advertising company, on Monday named former Baidu Inc president Ya-Qin Zhang as a non-executive director, adding technological heft as it grapples with rising competition from digital marketing. The company has been looking to simplify its business after clients complained it was too slow and unwieldy, prompting them to take some ad work in house and others to go directly to tech giants, including Facebook Inc and Alphabet Inc's Google.

Baidu On Cusp Of Deal For JOYY’s China Unit – Report
Mon, 26 Oct 2020 07:39:11 +0000
Baidu (BIDU) is on the cusp of inking a deal to snap up JOYY’s (YY) China operations, reports Chinese digital media outlet Jiemian. JOYY is a global video-based social media platform with over 457 million global average mobile monthly active users.According to the report, the deal excludes JOYY’s international business, which would continue to operate as an independent unit.However Jiemian notes that the revenue from JOYY’s Bigo overseas broadcast business has now surpassed that of the company’s domestic business, which it says could suggest there is a limit to the growth potential of JOYY’s Chinese operations.Nonetheless, the deal could deliver a speedy boost for Baidu’s live broadcast offering.In its most recent earning results, JOYY revealed that average mobile MAUs (monthly active users) of global live streaming services increased by 20.4% to 102.3 million from 85 million in the corresponding period of 2019.This included 41.2 million from YY, which increased by 6.0% year over year; and 61.1 million from outside of China, including 29.4 million from Bigo Live, (up 41.3% Y/Y), and 31.7 million from HAGO, (up 25.3% Y/Y).Notably, the Bigo segment’s revenue grew by 148.8% year over year to RMB 3,062.7 million, mostly driven by live streaming revenue growth.Mr. David Xueling Li, CEO of JOYY, commented, “To help people cope with the difficulties of COVID-19, we leveraged Bigo Live and our extensive global coverage to launch a series of online charity events… As a result, during the quarter, Bigo Live’s mobile MAUs and paying users achieved very impressive growth, and live streaming revenues of Bigo segment contributed more than half of our total live streaming revenues for the first time ever.”Mr. Li added, “On the domestic front, we continued to strengthen our leadership in China’s entertainment live streaming industry by further diversifying YY Live’s live streaming content offerings through the introduction of new live streaming celebrity variety shows and more diverse live streaming channels.”Shares in Baidu are up 6% year-to-date, and the stock scores a cautiously optimistic Moderate Buy Street consensus. The average analyst price target suggests shares can advance 16% from current levels.Oppenheimer analyst Jason Helfstein recently reiterated his BIDU buy rating with a $155 price target following Baidu World 2020 on September 14. BIDU announced the launch of new products and shared its progress in AI initiatives including Apollo, DuerOS and AI Cloud.For instance, BIDU launched Apollo 6.0, with more powerful autonomous driving capabilities, with a 50% reduction in costs compared with the prior generation. “Overall, we feel BIDU presented a more cohesive strategy of monetizing Apollo, DuerOS, and AI cloud, but in our view, it will still take at least another year to see meaningful revenue contribution” the analyst commented. (See BIDU stock analysis on TipRanks).Related News: Autoliv’s 3Q Earnings Rise As Demand Picks Up; Street Says Hold Dunkin’ Brands In Takeover Talks With Inspire Brands Wells Fargo Mulls Sale Of Asset Management Arm – Report More recent articles from Smarter Analyst: * Carlyle To Snap Up Majority Stake In Funds Network Calastone; Analyst Says Buy * SolarWinds Snaps Up SentryOne To Enhance Database Management Capabilities * STMicroelectronics, Sanken Join Forces On High-Voltage Industrial, Auto Products * Blackstone In $1.2B Deal To Buy Simply Self Storage – Report

3 Bargain Stocks You Can Buy Right Now
Fri, 23 Oct 2020 11:11:00 +0000
Bristol Myers Squibb (NYSE: BMY), Baidu (NASDAQ: BIDU), and Morgan Stanley (NYSE: MS) are stocks that can give you some solid bang for your buck. Despite the bullishness around healthcare stocks this year (the Health Care Select Sector SPDR ETF is up 4% in 2020), there hasn't been much love thrown Bristol Myers Squibb's way. Bristol Myers Squibb has simply been out of the spotlight, and while that doesn't make it a bad stock, it does mean it's gotten lost amid all the hype.

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.