Do not waste time on BAIDU AND BABA. BAIDU has being a roller coaster.
Still downward Trend.
BAIDU AND BABA are wasting your opportunity cost and time.
BIDU/N trade ideas
bidu callstill bullish on china. took 12 days to hit initial $92 price target. my feel on china currently is it is still on a bearish side when you look at monthly tank seng index. aka hang seng index.
but china is using strong words showing their determination for recovery. and with trump as pres-elect, There is no way XI is just gonna chill there but hes gonna try to bring the competition. China will not let America leverage their position as the market leader to gain even a further advantage. Competition is good. and both competition can thrive and grow at the same period. The biggest risk is how far will the trade wars go and what further stimulus will the CCP announce? The entire market moves 8-10% in either direction based on news of the stimmy. I think if this bullish momentum dies, which i think would be when it is below the weekly 50 MA at 17.5k. then it could get bad quick. i wont be hesitant to dump if it gets near my target.
BIDU may be poised for another bullish wave soonBIDU may be poised for another bullish wave soon
From our previous analysis, BIDU tested 80 and later bounced aggressively near to 116.
However, the price moved back down to 80. By its nature, BIDU is profitable but also very risky, considering its price volatility as it moves up and down.
I think it's better to consider Call Options to manage the losses.
BIDU has the potential to rise again as it did before, with possible targets at 94.50, 103, and 112.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Chinese stocks will rise again. BIDU, Part 2.Its important to look at the yearly chart to get the high time frame trend. If BIDU holds $43.11, this is still a higher low on the yearly chart. I love how $162 is already tested and my main target would be $295 top fib level. This fib is all .618 and pulled the all time high to the the swing which created this high. My buy box is also an untested yearly level which we should see reaction off.
Part 1 covered NIO and I also see a very similar play with NIO and BIDU which gets me excited. Will Chinese stocks rise again? IDK, but I am going to be taking the trade.
BIDU - Long term buy oppritunity, Short term projectionBIDU is at its lowest price since 2010~2013
With the increasing AI bubble/reliance(Take your pick) we have to believe BIDU has more value than it did nearly 11 years ago. Only blind spot could be coming trade wars and geopolitical issues. Which may be good if subsidies bolster the domestic Chinese market in response to those trade wars/geopolitical problems.
Generative AI Chinese stock play
Self driving cars
Chinese EV
BIDU Baidu Options Ahead of EarningsIf you haven`t bought BIDU before the previous breakout:
Now analyzing the options chain and the chart patterns of BIDU Baidu prior to the earnings report this week,
I would consider purchasing the 90usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $2.78.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Baidu - what a disappointmentAfter more than 40% super rally beginning from 24 Sept 24 where China first announced its stimulus, the whole world sits up and was surprised by its parabolic rally. In a week or so, this stock has went up 40% much to the delight of short term traders who bought options or went in for a quick buck (provided they left at the peak)
Now, you can see the current price has gone below where it was from 24 Sept, which means anyone who bought this company shares after 24 Sept are sitting on pretty high losses........
It is very likely for it to revisit the 80 dollar marks at the rate the price is falling..........
If that happens, it would make a nice triple bottom (maybe) before we see a possible rally.
I did share I am not vested in this tech company despite owning Alibaba, Tencent , Meituan ,etc
()
Massive retest of lows very likelyLook at the draw downs historically for this China bear market. None of them have held and all led to lower lows. I should hope that everyone using this platform understands one thing, Govt intervention never will work in propping up a market for long.
Looking bullish on BIDU! Potential big move?🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
BIDU at the Beginning of a New Uptrend?BIDU at the Beginning of a New Uptrend?
Today’s strong stimulus measures from China have lifted market sentiment.
“China announced a slew of stimulus measures to boost its economy on Tuesday, September 24. The PBOC doubled down on its monetary policy easing by cutting both the 7-day reverse repo rate and banks’ reserve requirement ratio (RRR).”
China’s yuan hit a 16-month high, while the Australian dollar reached a 2024 peak after the central bank reiterated its determination to tame inflation.
BIDU also benefited from this new bullish sentiment by breaking a strong resistance zone near $90. If the price manages to hold this zone, we could see the beginning of a bullish wave soon, with targets at $96.50, $103, and further up to $112
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
BIDU Daily Falling WedgeIn a very long falling consolidation with upside price targets of: 95, 97, 99 once the wedge breaks out. May require a fed easing policy to help out China.
Bullish on BiduBidu has 20 billion in cash on balance sheet, and market cap is in the 30s.
Pe is 7s.
The are the google of china, and have robo taxi tech, Ai tech, and a joint venture with a top EV manufacturer Geely.
Its in a down trend now, so buy stops above for anyone interested. Im going long calls for jan.
Why would it hold? BAIDU Big LevelChina stocks have been beaten up in recent years as the US equities leave them in their wake.
From hearing NVDA is larger than the entire china equity market, to China will always be in a bear market…are we finally into enough of support to see a material rally?
BIDU is hitting a monthly support . This also happens as the US markets could be running into a distribution phase.
Will the US Dollar staying below $102 help this emerging market company?
$81.73 buy BiduBidu is the Google of China, currently trading at a P/E ratio of just over 10.
They are also at the forefront of self driving technology, rapidly expanding in China, their technology is far more advanced than Tesla’s
Share price is at multi year lows and as can be seen on the chart at multi year support levels.
I expect considerable upside in the coming months
$BIDU | Allocation | Market Exec | Technical Confluences:
- Price is considered at Oversold conditions in the D1, Weekly and Monthly Timeframes
- Taking a Fibonacci Retracement from the beginning to the high of BIDU, price action is now at the 78% Fibo retracement
- Price levels coincides with a Demand Zone which has been a strong demand zone over many years every time these levels are tested
Fundamental Confluences:
- NASDAQ:BIDU is referred to as the 'Google of China' and has been diversifying it's offering into AI, cloud services and autonomous driving tech.
- Locally, they are up against Tencent and Alibaba in the digital ads, AI and cloud services but on a global scale, Google and Microsoft are there against them
- Being 'Google of China' gives them the brand recognition and giant user-base helping ads revenue
- Financially, they have been reinvesting most of their profits back for R&D and business expansion which for me, is important for Baidu to leave their mark strongly and remain competitive globally.
- Recent earnings showed that they missed Revenue slightly but it's higher than previous Revenue results; EPS has beaten estimates most of the time as well
- However, Baidu has high reliance on the Chinese market and makes them vulnerable to economic downturns or regulatory matters which is the current situation for them now
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NASDAQ:BIDU is a long-term hold for me and considering it's value has dropped, it could be a value play at 9x forward earnings.
I have previously got my first entry into it early August. Prices is still pretty much at the same levels. I will still look to add on more in the Target Zone area and hold onto it for now
Will revisit it again later on but it's still allocation period for me.
If price breaks below 70 then, I may reconsider re-shifting my target buy levels
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8/23/24 - $bidu - bai du or not du bai? 8/23/24 :: VROCKSTAR :: NASDAQ:BIDU
bai du or not du bai?
- of the (too many) chinese stonks you can buy today, this is one that should be on your watchlist if nothing else. ( NYSE:BABA , NASDAQ:PDD , NYSE:VIPS , NASDAQ:JD and NASDAQ:BIDU for example).
- cash generative. even in a depressed local context, they still do 12.5% yield on EV (a far cry from the 50% that NYSE:VIPS does!) but part of that is size factor.
- PE (adjust for cash in the "P" so if enterprise value is 24 bn and mcap is 32 bn... multiply the $85/share by 24/32 or 75% to get $64) ... would be about 6+ x on the current year's $10 EPS and nearer to mid 5x's next year's $11.5+ EPS. a lot of chinese stocks are trading like depressed commodities.
- i don't LOVE the fact that they aren't really growing much. in fact, that's the key thing the market pays for today. but consider where china is in the cycle and how much trust we have that these things don't get USSA'd in the wrong moment. that's why there's such a heady discount. and it is a tough one to underwrite.
- personally in this (US) risk market, i've tended to prioritize fewer positions and trading spots. simplification is how i address uncertain environments. i tend to pick only a handful (at most) of things i know well, have an edge, and where i think there's great value. for now that's been OTC:GDLC and NASDAQ:NXT (and to a slightly lesser extent b/c the multiple remains rich NASDAQ:CELH ). i've been happy to play some EPS results. still batting well this 2Q (a few misses - but that's part of the game), but generally recycling this back into cash, the next smallish play, or consolidating it into these above positions I like. I did the same with NYSE:VIPS the other day. I don't own it anymore.
- so in the grand scheme of things, if your personality isn't like mine and having 20 positions in your PnL isn't distracting, i'd defn put a little chinese exposure in there. just enough for it to matter if/when they start to move where you don't feel fomo to add immediately and can decide to add on subsequent pullback. but not too much where if we see a leg down in global risk (which is still how i'm personally positioned) you feel the urge to cut size as opposed to add. i'm only looking to add positions to my PnL today where i feel comfortable w/ the size that i can add and have ammo to do so.
- one way to do the above, i've found, is to figure out what is the size you feel "indifferent" owning it if it goes up or down 10% you're equally "happy". in that situation, sizing, you start to take emotion out of the equation a bit more. while i'm on the topic, and exhausting my words here I'll give you one example in the OTC:GDLC example.
- so OTC:GDLC still trades at at 35% discount to BTC. if BTC does undergo a correction to the 40k's you better believe this probably still trades 35 or even 40% discount. it may not, but in that scenario where it does (b/c it has in the past done this as BTC goes down), i've decided i'll want to be at a 75-80% position size (so i'll need cash and a simplified book to execute this quickly). in the event we end up in a few months (call it 6 months) toward the 90-100k level and the discount is closer to 10%, i'd want to be at about 25-30% position size. so today... we're in the middle w more uncertainty. and as such i'm not 75%, i'm not 25%... size is 45% (could justify 50%, but again i've decided on more cash into today/ next week specifically).
- so back to $bidu. is it more of a buy? yes. is it something i'd personally feel comfortable making a 2-3% position? no. but could i ride with 50 bps in an all else equal risk on and supplement with 1% baba, 1% pdd and so on so i get to chinese stocks being 4-5% of my book? yeah defn. just the time for me is not right "now now".
- LMK what you think. that was a long one. hope it helps elaborate on my thought process a bit more.
- let's see what papa powell has for us plebs today.
V
Baidu Reports Q2 Results Shares Down 1.33% in Premarket TradingBaidu (NASDAQ: NASDAQ:BIDU ), the Chinese tech giant known for its dominance in internet search, recently reported its second-quarter earnings for 2024, presenting a mixed picture that underscores both the challenges and opportunities facing the company. While Baidu (NASDAQ: NASDAQ:BIDU ) managed to surpass earnings expectations, the company’s flat revenue growth and decline in net income reflect broader economic headwinds in China, particularly in the digital advertising sector.
Economic Slowdown Dampens Ad Revenue
For the quarter ending in June, Baidu’s revenue remained largely stagnant at 33.93 billion yuan ($4.67 billion), just slightly above the analyst consensus of 33.55 billion yuan. This flat growth is primarily due to a 2% decline in Baidu’s online marketing revenue, which fell to 19.2 billion yuan. The drop in ad spending is indicative of the ongoing economic challenges in China, where a sluggish recovery from a property market slump has led many advertisers to tighten their budgets. The economic slowdown has weighed heavily on Baidu, which, like Google in the U.S., relies heavily on digital advertising for a significant portion of its revenue.
Net income for the quarter also declined, falling by 8% to 7.4 billion yuan. However, this was still better than the expected 6.45 billion yuan, showcasing Baidu's ability to manage costs and maintain profitability in a tough market environment. Despite these challenges, Baidu’s U.S.-listed shares were up over 1% in premarket trading, signaling cautious optimism among investors.
Strategic Shift Towards AI and Autonomous Vehicles
Amid these economic challenges, Baidu has been aggressively pivoting towards artificial intelligence and autonomous vehicles, sectors that it believes will drive future growth. The company has branded itself as an “AI company,” and its investments in this area are starting to bear fruit. Baidu’s large language model platform, Ernie, which is touted as a rival to OpenAI’s GPT, has been integrated into various app services to enhance user experience. Baidu has also launched a paid version of its Ernie-powered chatbot for public use, as well as API services for developers through its cloud computing platform.
Another significant area of investment is Baidu’s autonomous vehicle division. The company’s Apollo Go robotaxi service now operates in several Chinese cities, with the largest fleet of 500 vehicles in Wuhan. While this division is not yet a significant revenue driver, Baidu has ambitious plans for growth. The company expects its Wuhan operations to reach break-even by the end of 2024, signaling a potential turning point for its autonomous driving initiatives.
Stock Performance and Market Position
Despite these efforts, Baidu’s stock performance has been lackluster. Year-to-date, Baidu shares are down 25%, reflecting broader investor concerns about the company’s growth prospects in a slowing economy. The stock is also down nearly 30% compared to a year ago. Baidu’s IBD Composite Rating of 43 and Relative Strength Rating of 14 out of 99 further highlight its struggles in outperforming the broader market.
However, there are reasons for cautious optimism. Baidu’s continued investment in AI and autonomous vehicles positions it well for long-term growth, particularly as these sectors mature. The company’s ability to beat earnings expectations, despite economic headwinds, also suggests that it is managing its business efficiently.
Conclusion
Baidu’s second-quarter earnings report is a reflection of the broader challenges facing the Chinese economy and the digital advertising sector. While the company’s revenue growth remains flat, its strategic investments in AI and autonomous vehicles offer a glimpse of potential future growth drivers. Investors will be closely watching Baidu’s ability to navigate the current economic environment while continuing to innovate and expand into new markets. As China’s economy stabilizes, Baidu’s focus on AI could very well pay off, positioning the company as a leader in the next wave of technological advancement.
Baidu Approaching Ichimoku Cloud ResistanceBaidu Approaching Ichimoku Cloud Resistance
Upcoming Earnings:
Baidu, Inc. (ticker: BIDU) is scheduled to report earnings before the market opens on 22 August. The consensus Earnings Per Share (EPS) estimate for the fiscal quarter ending June 2024 is US$2.24. The reported EPS for the same quarter a year prior was US$2.51.
Sell On-Rally Scenario at Ichimoku Cloud Resistance?
Even with a basic understanding of chart analysis, it is clear that Baidu has been entrenched in a downtrend since early 2023, made up of clear lower lows and lower highs.
Since the Leading Span A (light green at US$86.76) crossed below the Leading Span B (light orange at US$92.19), it has provided investors with an Ichimoku Cloud resistance to work with, which held firm in mid-July. While price is now trading above the Conversion Line (blue at US$86.11) and, recently, above the Base Line (red at US$87.41), the stock is nearing a second test of the Ichimoku Cloud Resistance. However, it must be noted that the chart has yet to see the Conversion Line cross back above the Base Line, a move that would be considered a bullish signal by some Ichimoku traders.
Price Direction
Given the downtrend and price nearing the Ichimoku Cloud, sellers may look for shorting opportunities around the Ichimoku Cloud if tested. Some investors may opt to wait for additional confirmation in the form of the Conversion Line crossing back under the Base Line (by the time price tests the Ichimoku Cloud, the Conversion Line would have crossed above the Base Line).
Decisive moment for BIDU (!)(?) People are looking for a bottom in BIDU. Monthly/weekly chart provides the basis for an idea. What the macro-picture says, is another business. China vs. US, Trump vs. Kamala, tech-giants and so forth...fear of accidents i believe to be overdramatic, and mainly caused by its newness and uncertainty for ones everyday life. Not to say it doesnt matter. Replacing jobs however...anybody with some realistic numbers and timeframe, with corresponding consequences?
My scenario, bottoming out somewhere from todays level down to 70s. If not, it could be a roller coaster down to sub 50s. Would love to see some stable price-action in 80s on rising (rel. higher) volume.
Looking more short term, im betting on the RSI/price divergence we are seeing in June/July.
Bidu bounce incomingBidu has been in a falling wedge and is currently at a support level that has held multiple times in the past. I believe next week after tech earnings are out the market will relax and this stock will bounce well. I bought call contracts!
BIDU is undervalued!NASDAQ:BIDU is a strong buy right now, as it's oversold according to all indicators.
