Tag Archives: bidu

Amazon Earnings Top 5 Things You Need To Know For Thursday

On slate for Thursday are quarterly earnings reports from Amazon ( AMZN ), LinkedIn ( LNKD ), Baidu ( BIDU ) and Gilead Sciences ( GILD ) after the close. Before the market open, investors will get their first look at first-quarter economic growth. Amazon The e-commerce giant is expected to earn 58 cents a share in Q1, swinging to a profit from a 12-cent loss last year. Revenue is projected to climb 23% to $27.99 billion. Last quarter, Amazon fell well short of earnings estimates and came up light on revenue, sending shares down as much as 32% from their high in the following weeks. But its cloud computing division, Amazon Web Services, is a bright spot. It hauled in $2.4 billion in revenue for the quarter, up 69% year over year. Shares are flirting with being within the lower boundary of a buy range from a cup-with-handle base with a 603.34 buy point, which it initially broke out of a few weeks ago. Amazon fell 1.7% to 606.57 after falling to 601.28 intraday. LinkedIn The professional social network’s earnings are projected to grow 5% to 60 cents ex items, a sharp drop from the 54% growth that it saw in the prior quarter. Revenue is expected to jump 30% to $828.5 million. Shares dropped 44% on LinkedIn’s last quarterly report, which showed weak Q1 guidance. LinkedIn stock has climbed off of its low, reached in the following days, and is now trading 54% below its 52-week high. Facebook Social networking leader Facebook ( FB ) crushed Q1 earnings and revenue projections late Wednesday, sending shares up 9% in late trade. If Facebook’s positive action continues into Thursday’s session, the stock will likely be in buy range from a cup-with-handle base with a 117.09 buy point. Baidu China Internet giant Baidu is projected to see Q1 EPS ex items fall 11% to 5.96 RMB (92 cents). Revenue is estimated to rise 24% to 15.83 billion RMB ($2.4 billion). Baidu’s mobile ecosystem is strong, according to ITG Research analyst Henry Guo. He said this week that his firm’s data indicates “that Baidu’s Mobile Search app dominates the mobile search market with more than 23% installation penetration among Chinese mobile users, well ahead of its key competitors Sogou Search (1.7%) and Qihoo 360 Technology ( QIHU ) Search (0.2%).” Baidu is trading just below buy range from a cup-with-handle base that it broke out of recently. It’s trading 13% below its 52-week high. Gilead Sciences The biotech’s earnings are estimated to rise 6% to $3.13 a share, slower than last quarter’s 37% growth. Revenue is seen rising 7% to $8.1 billion, also a deceleration from the prior quarter. Comparisons are getting tougher after Gilead earnings and sales skyrocketed on hepatitis C treatments. Gilead retook its 200-day line last week but breached that level in Wednesday’s session. Shares are trading 18% below their 52-week high. Fellow big-cap biotech Amgen ( AMGN ) also reports quarterly results Thursday, with analysts expected a 5% EPS gain. Amgen, which fell 1.1% to 161 on Thursday is near a buy point at 165.33 in cup-shaped base. Before the market open, biotechs Alexion Pharmaceuticals ( ALXN ) and Celgene ( CELG ) report, along with big pharma Bristol-Myers Squibb ( BMY ) and AbbVie ( ABBV ) makes a rival hepatitis C treatment. Q1 GDP After Q4’s OK but not great 1.4% gain, coupled with ongoing issues regarding a strong dollar, weak energy sector and sluggish manufacturing, weak growth is expected in Q1. Wall Street expects a scant 0.7% annualized gain.

Baidu Set To Report Q1 Amid ‘Low Expectations’ For Margin Growth

Baidu ( BIDU ) reports Q1 earnings after the close on Thursday, with analysts expecting China’s search leader to maintain its dominant position in mobile ads, retaining its share of ad budget allocations from large advertisers. “Regarding profitability, we see several potential upside catalysts that could positively impact Baidu’s shares in the near to medium term,” wrote ITG Research analyst Henry Guo in a research note Tuesday. Baidu stock was up a fraction in afternoon trading in the stock market today , near 188.50. Baidu stock has gained 88% since touching 100 last August, its lowest point since July 2013. But Baidu stock is down 11% in the past 12 months. Citing proprietary data, Guo said Baidu’s mobile ecosystem — its mobile search, mobile app marketplace, mobile video, and mobile browser — has stayed dominant, which Guo said “helps the company control several of the most-important mobile Internet user traffic gateways, boding well for future monetization.” Data from ITG Research indicates “that Baidu’s Mobile Search app dominates the mobile search market with more than 23% installation penetration among Chinese mobile users, well ahead of its key competitors Sogou Search (1.7%) and Qihoo 360 Technology ( QIHO ) Search (0.2%),” wrote Guo. Baidu’s rivals in mobile search include e-commerce giant Alibaba Group ( BABA ) and its No. 2 Shenma search unit. In overall search in China, Baidu vies with No. 2 Qihoo 360 Technology, which has struggled to shift to mobile. Sohu ( SOHU ) search engine Sogou is No. 3. Tencent Holdings ( TCEHY ), the third of the Baidu-Alibaba-Tencent (BAT) Chinese Internet giants, owns a big stake in Sohu’s Sogou. Baidu’s fast-growing video wing, Qiyi, surpassed Alibaba-owned Youku Tudou’s user base in early 2015, Guo said. In March 2016, Qiyi had about 20% penetration among Chinese mobile Internet users, compared to Youku Tudou’s 11.5% and Tencent Video’s 10.4%, said Guo. Baidu announced last month that the company has received a nonbinding proposal from two Baidu executives to acquire Qiyi for $2.8 billion. Already one of China’s largest online video streaming services, Qiyi is looking to become a bigger force in the country’s video-streaming and moviemaking fields, a nearly $6 billion market that also includes Baidu rivals Alibaba, Tencent and Sohu.com. Last year, Netflix ( NFLX ) said it wants to begin operating in China, but the streaming media company has given no timetable. Wall Street has “low expectations” for Baidu’s 2016 margin improvement, said Guo. Baidu’s profit margins will continue to face pressure from (1) higher traffic acquisition costs (TAC) due to increasing mobile search contribution, (2) iQiyi content cost, and (3) O2O (online-to-offline) investments, he said. TAC refers to what Baidu must pay to other sites to carry its ads. Analysts polled by Thomson Reuters expect Baidu to see Q1 revenue of RMB 15.83 billion ($2.4 billion), up 24% year over year. Analysts polled by Thomson Reuters are modeling EPS ex items to fall 11% year over year to 5.96 RMB (92 cents). FactSet is expecting revenue of $2.44 billion, up 24%. FactSet is expecting Baidu to report EPS ex items of 1.03, down 11.9%.

Forget Apple — Here Are 4 Tech Stocks Near Buy Points Pre-Earnings

More earnings reports from big-name companies are due out this week, and positive results could fuel their shares higher. A lot of attention will be on Apple ’s ( AAPL ) earnings late Tuesday, but its stock is in a downtrend. Let’s take a look at four tech stocks with earnings on tap that are trading in or near buy range: Facebook ( FB ), Amazon ( AMZN ), PayPal ( PYPL ) and Baidu ( BIDU ). Facebook reports after the close on Wednesday. Both earnings and revenue are projected to jump 48%. The social media leader is trading 6% below a cup-with-handle buy point at 117.09, and shares are looking to find support at the 50-day moving average again on the stock market today as they dip 0.8% intraday. PayPal also reports late Wednesday, with analysts expecting earnings growth of 20% on a revenue rise of 19%. PayPal is trading just below buy range from an alternate entry at 40.03, and the stock was off 1.3% Monday. It’s also trading 6% below its all-time high as it works on a larger consolidation pattern. Amazon reports after the close on Thursday. Revenue is expected to climb 23%, while the bottom line is projected to swing to a profit of 58 cents a share vs. a 12-cent loss last year. Amazon is still trading in buy range from a cup-with-handle base buy point of 603.34, which it initially broke out of two weeks ago. Shares are currently 11% below their high reached in late December, and they dipped 0.2% Monday. China Internet giant Baidu reports after the close on Thursday as well, with the bottom line projected to fall 10%. Baidu is trading 15% below its 52-week high. Shares have drifted back below a cup-with-handle buy point, but positive results could send shares back within buy range. Baidu was down 1.6% in intraday trade. Meanwhile, Apple is trading 22% below its all-time high reached a year ago and is nearing its downward-sloping 50-day line.