In this segment of the Motley Fool Moneypodcast, host Chris Hill and senior Fool analysts Jason Moser, David Kretzmann, and Jeff Fischer put Baidu(NASDAQ:BIDU) under the microscope. The Chinese search leader has a massive presence in the world’s most populous market, and with revenue up 31%, it’s apparent that it is putting its troubles with the government in Beijing in the rearview mirror. But the stock is still only trading for six times revenue. Time to give it a look?
A full transcript follows the video.
This video was recorded on April 27, 2018.
Chris Hill: Shares of Baidu up this week after first quarter revenue grew 31%. David, am I the only one surprised that the Google of China is still as small as it is? It doesn’t even have $100 billion in market cap.
David Kretzmann: They’re really making a strong comeback. They had about 18 months there where the company was facing some scrutiny from the government over their searches and the quality of the search results that were displayed on their platform. But, the company has since really come back with a vengeance. I think they cleared through a lot of those regulatory government issues. They’re investing a lot into artificial intelligence, whether it’s speech recognition or translation, face recognition. They’re working with several prominent cities in China to develop smart cities and improve city management. They’re also, I think, far and away the leader in autonomous driving in China with their Apollo platform.
Top China Stocks To Watch For 2019: AXT Inc(AXTI)
- [By Max Byerly]
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
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Gallium Arsenide Global Market Players by 2023- Sumitomo Electric, AXT and China Crystal Technologies (newspharmaceuticals.com) TheStreet Downgrades AXT (AXTI) to C+ (americanbankingnews.com) Is this stock is Overbought? AXT, Inc. (AXTI) (stockquote.review) What Investors Should Know? AXT, Inc. (AXTI) (mostvolatilestocks.com) Community rallies around valley high school, putting on its first musical in 20 years (yourcentralvalley.com)
Several analysts have recently issued reports on AXTI shares. BidaskClub upgraded AXT from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Dougherty & Co reiterated a “buy” rating on shares of AXT in a research note on Thursday, February 22nd. B. Riley decreased their price target on AXT from $8.75 to $8.25 and set a “neutral” rating for the company in a research note on Thursday, February 22nd. Zacks Investment Research downgraded AXT from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Finally, BWS Financial restated a “buy” rating on shares of AXT in a research note on Tuesday, April 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $10.44.
Top China Stocks To Watch For 2019: Euronet Worldwide Inc.(EEFT)
- [By Asit Sharma]
Electronic payments and remittances giantEuronet Worldwide (NASDAQ:EEFT)displayed crisp revenue growth in its earnings report issued April 25, which covered the first three months of the current year. Below, we’ll outline summary numbers, delve into pertinent details underlying the results, and review management’s perspective on the quarter:
Top China Stocks To Watch For 2019: Trinity Place Holdings Inc.(TPHS)
- [By Shane Hupp]
Trinity Place Holdings (NYSEAMERICAN:TPHS) major shareholder Marcato Capital Management Lp sold 9,104 shares of Trinity Place stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $7.02, for a total value of $63,910.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Top China Stocks To Watch For 2019: Carpenter Technology Corporation(CRS)
- [By Logan Wallace]
Carpenter Technology Co. (NYSE:CRS) VP Timothy Lain sold 1,007 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $55.00, for a total transaction of $55,385.00. Following the completion of the transaction, the vice president now directly owns 11,288 shares of the company’s stock, valued at $620,840. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.