12:40 pm (EST) The market is higher today but the Dow isn’t showing a lot of muscle despite some good news out there today. Normally, when IBM (IBM, $121.51, up $1.40) announces that it is doubling the size of its stock buyback program we would get a bigger pop thanRead more
Market Still Looks Tired
Baidu.com Gets a Haircut
9:15am (EST) If you are a Baidu.com (BIDU, $432.97) shareholder this morning then hopefully you are prepared to pay the barber $85 for the haircut you’re about to get. The company announced earnings before the bell and easily beat Wall Street estimates by reporting profits of $2.16 a share which was 35 cents betterRead more
GE, Baidu.com Breaking Out
12:30pm (EST) General Electric (GE, $16.68, up $0.68) is rolling this week. The stock opened Mondayat $14.55 and closed yesterday at $16. Today’s 4% pop is shows the stock’s momentum after passing hitting the $16 level and shares look poised to run to $17 where there is resistance. Volume is thru the roof as 113 millionRead more
China On My Mind
Update on AZO, ANF, AAPL, GOOG, BIDU
Baidu Gets Bitten
Baidu.com (BIDU, $134.09, down $44.80) took a pounding today as the China-based Internet search engine company saw its shares decline 25%. A report that Baidu sold paid listing links to unlicensed medical sites with unproven claims for their products weighed heavy on the stock. The news crippled an already weakRead more