S&P Capital IQ Picks Baidu Focus Stock of the Week

Published on Monday, 13 August 2012 11:24 Written by TradersHuddle Staff

NEW YORK, Aug. 13, 2012 /PRNewswire/ -- The American Depositary shares (ADSs) of Baidu, Inc. (NASDAQ: BIDU: $131) have been picked by S&P Capital IQ as its Focus Stock of the Week.  BIDU carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.

"Baidu has become of the best-known, largest and most successful Internet companies in the world," said Scott Kessler, equity analyst at S&P Capital IQ.  "The company is the leading provider of Internet services and we see considerable growth ahead. We believe China's Internet population, already the largest in the world, continues to grow in size and sophistication, which should lead to more Baidu customers, revenues, and profits.  While we see competition with many large Internet companies and challenges to mobile, we believe Baidu is positioned well an operating effectively.  We view Baidu as offering a unique combination of growth and value." 

To view a video of Mr. Kessler discussing BIDU click on the following link.   Weblink to video

About S&P Capital IQ

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