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Stock impact report

Baidu (BIDU) Gets Boost from Upbeat Chinese Market, Analyst Optimism [Yahoo! Finance]

Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU) 
Last baidu, inc. - american depositary shares, each representing 8 ordinary share earnings: 2/27 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.baidu.com
Company Research Source: Yahoo! Finance
Baidu extended its winning streak to a third straight day on Tuesday, adding 4.39 percent to finish at $132.38 apiece, as investor sentiment was bolstered by an upbeat outlook about the Chinese market's run to its best year since 2017. Baidu, Inc. (NASDAQ:BIDU) mirrored its Chinese counterparts after the MSCI China Index surged by 28 percent this year, set to outperform by a wide margin the S&P 500, which jumped by only 17.25 percent year-to-date. Goldman Sachs, for its part, said that it expects the bull run for Chinese stocks to continue, albeit at a slower pace. “This is reminiscent of an equity cycle transition from hope to growth, where both earnings realization and moderate [valuation] expansion typically supersede strong but volatile re-rating gains to drive returns,” the investment said in its updated market report. Last month, Capital Economics said that Chinese equities may continue to outperform their US counterparts, having shown resilience to the AI nerves, even Show less Read more
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