Baidu.com, Inc. (ADR)(NASDAQ:BIDU) Is Outperforming On New Agreement Shares of Baidu.com, Inc. (ADR)(NASDAQ:BIDU) are rising on Thursday despite the bad news from China, where the manufacturing activity continued to fall in the latest month. This morning, the company said that it formed multiyear agreement with Baidu.com, Inc. (ADR)(NASDAQ:BIDU), whereby Baidu to provide its end-users...
Stocks Slid On China Data (RCON, FCEL, CVO, BTFG, CMRE, PNSN) U.S. stocks slid on Thursday after recent rally as investors were disappointed after data showed contraction in Europe and China. The report showed that initial jobless claims declined to 348,000 from the previous week’s revised figure of 353,000. The drop surprised economists,...
Solar Stocks Retreat After Yesterday’s Rise (TSL, YGE, LDK, FSLR, CSIQ) Solar stocks are hammering down Wednesday after yesterday’s sharp spike up as markets believe that smaller-than-expected tariffs on the market “could be limited” but tariffs could be added in May when the Commerce Department will consider whether China is dumping solar panels in...
US Homebuilder Outlook Flat near 4-year peak (CRME, WPCS, FUEL, MEMS, MY) The National Association of Home Builders/Wells Fargo said Monday that its builder sentiment index remained flat at 28 after showing five straight increases, the highest level since June 2007. Builders expressed more confidence in sales over the next six months. A...
Solar Stocks Jump With ReneSola (SOL, CSUN, JKS, TSL, SPWR) Solar stocks jumped on Friday and was among the top sector gainer supported by ReneSola Ltd. (ADR)(NYSE:SOL), after the company said that it expects increased shipments for 2012. ReneSola Ltd. (ADR)(NYSE:SOL) shares soared 16.26% to $2.86 in the morning session. The company posted a...
Youku – Tudou Deal Boosts Chinese Online Stocks (YOKU, TUDO, RENN, DANG, SOHU, SINA) Shares of online Chinese companies are soaring this morning on the news that Youku Inc (ADR)(NYSE:YOKU) has reached a deal to acquire smaller rival Tudou Hldg Ltd (ADR)(NASDAQ:TUDO). Youku has agreed to pay $1 billion via all stock allotment to...
Dollar Hits One-Month High Against the Euro on China data, Jobs Report The dollar continued to edged higher on Monday against the euro and other major currencies on safe haven buying as China’s export expanded less than expected. The euro was trading at $1.3109 after hitting low of $1.309, for the first time since...
Baidu.com, Inc. (ADR) (NASDAQ:BIDU) Recovering From Recent Fall Baidu.com, Inc. (ADR)(NASDAQ:BIDU) shares are popping up on Wednesday after falling for two consecutive days as China announced to reduce their growth forecast by 50 bps to 7.50%, a 8-years low. The stock fell over 3% On Monday followed by another 2% fall in the next...
