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BIDU FORECAST FOR Q1 2020 in line with ESTIMATES !!!!Feb 27 (Reuters) - China's Baidu Inc forecast first-quarter revenue below analysts' expectations on Thursday, amid the ongoing coronavirus outbreak in the country. Baidu, whose search engine dominates the country's market, forecast first-quarter revenue between 21 billion yuan ($2.99 billion) and 22.9 billion yuan, while analysts had expected 23.08 billion yuan, according to IBES data from Refinitiv. ($1 = 7.0128 Chinese yuan renminbi) (Reporting by Akanksha Rana in Bengaluru and Yingzhi Yang in Beijing; Editing by Shailesh Kuber) IMPACT OF VIRUS OVERBLOWN FOR INTERNET COMPANIES OBVIOUSLY !!!!! Fourth Quarter 2019 Financial Highlights BAIDU IS GROWING AGAIN STRONGLY SINCE LAST YEAR DESPITE SHARE PRICE FALLING almost 30% YoY !!!! ALL IS IMPROVING MARGINS AND OPERATING INCOMES AND USER TRAFFIC STAGGERING NUMBERS i Non-GAAP diluted earnings per ADS December 31, 2018. September 30,2019 December 31, 2019 YOY. QOQ 13.42 12.61 26.54 98% 110% IF YOU ARE SCARED OF OVERVALUED TECH STOCKS THIS ONE IS DEFINITELY CHEAP TO ME AND A GREAT LONG TERM HOLDING CHINA IS NOT DEAD SO RAISE YOUR EYES AND LOOK INTO THE FUTURE NOW (not next month or quarter), it is the FUTURE
NASDAQ:BIDULong
by PhilippeDelpCFA
FANG+ Stocks: Buoyed in 2020 by Solid Earnings and Low RatesFor those who have followed my ideas over the past several months at-least, know that I remained bullish not only in the entire stock market on a broad basis, but US Tech was one of my top picks for continued growth which has deemed correct. I went on to say that 2020 will be a better year from peak to peak growth over the broader markets than 2019 which for now, is correct. In-fact, even compared to "experts" across the lamestream media, I was one of the very few that actually believe 2020 would be a better year for the broader market than 2019 and not only has this deemed correct, but it will remain correct. FNGU represents one of the best leveraged funds in the entire market and significantly better than the popular TQQQ, and even superior to the other popular 3x ETF TECL. The companies the stock follows are diversified in a 10% weighted classification which is reset quarter by quarter. In 2020 I view all 10 of these boasting significant and continued growth. - Tesla (My TP: 1000+) - Nvidia (My TP: 350) - Alibaba (My TP: 275-300; if Chinese GDP rebounds in Q2 then 400+) - Bidu (My TP: 175-200; if Chinese GDP rebounds in Q2 then 250+) - Twitter (My TP: 45) - Facebook (My TP: 250-275) - Apple (My TP: 375-400) - Amazon (My TP: 2800-3200) - Netflix (My TP: 425-450) - Google (My TP: 1600+) Of those listed above, Tesla, Nvidia, Apple and Amazon all have posted historic earnings; Netflix and Google posted decent earnings; Alibaba and Bidu continue to be remarkably undervalued given the current state of the virus, however, this will change by Q2 or Q3 of 2020; and Twitter and Facebook will likely rebound and show signs of strength as the year progresses. In the long-run, Nvidia will be a dominant force in the AI market; BIDU and BABA will likely go on some sort of parabolic run to 3-4x their current stock value and Tesla will become a world dominant force in the EV and battery market. While normally 3:1 ETFs hold an inherent risk, given the diversification in this fund, one can capitalize on significant growth appreciation by investing into this ETF. By the end of 2020 FNGU could and will likely triple in numerical value from current price (~100/share) buoyed ahead by decent earnings growth and likely the Fed lowering rates at-least twice in 2020. An important technical note: once the SPX gets closer to 4000, investors should reduce their exposure to high risk ETFs as 4000 represents the peak of the longitudinal channel on EW theory. Investors should also reduce risk closer to late 2020 (October-ish) if the Democrats (particularly Bernie Sanders) have an elevated risk of winning the election based on polls. - zSplit
AMEX:FNGULong
by PaulDeep19131
2
BIDU KILLS MARKET GUIDANCE BY 100% TO 1.3-1.4 BN!! stock up 5%! U.S.-traded shares of Baidu Inc. BIDU, +4.44% surged in the extended session Friday after the Chinese Internet search company raised its outlook for the quarter. Baidu ADRs rallied 5% after hours, following a 1.7% decline to close the regular session at $123.56. The company said it expects adjusted fourth-quarter net income of $1.28 billion to $1.36 billion on revenue of $4.06 billion to $4.15 billion. Analysts surveyed by FactSet had forecast adjusted net income of $623.4 million on revenue of $4.02 billion. Baidu also said it was pushing its reporting date to Feb. 27 and extending its employees' Chinese New Year holiday and asking them to work from home because of "the evolving situation brought upon by the outbreak of the novel coronavirus."
NASDAQ:BIDULong
by PhilippeDelpCFA
China Internet ETF - Bull flagTechnical analysis We tested resistance approximately at the $50 limit; and broke it on Thursday, January 2nd. Now this resistance has become out short-term support. A bull flag is forming today, as a continuation of the bull pattern. Top 10 Portfolio holdings Name - Symbol - % of ETF assets Meituan Dianping - 03690 - 10.43% Alibaba - BABA - 10.19% Tencent Holdings - 00700 - 8.83% Baidu - BIDU - 7.46% JD.com - JD - 6.58% Pinduoduo - PDD - 6.56% Tal Education Group - TAL - 4.27% NetEase Inc - NTES - 4.21% Trip.com - TCOM - 3.45% 58.com - WUBA - 3.36% Top 10 holdings % total = 65.36% Market cap weighings = 65% giant cap / 25% large cap / 10% medium cap
AMEX:KWEBLong
by dorfmanmaster
THE WEEK AHEAD: UBER, BIDU, ROKU EARNINGS; USO, XOP, /CL, VIXHIGH RANK/IMPLIED EARNINGS: UBER (--/74):* Monday, After Market Close. BIDU (59/42): Wednesday, After Market Close. ROKU (72/85): Wednesday, After Market Close. The Plain Jane ROKU December 20th 120/190 short strangle camped out at the 20 delta pays 8.55, but there is some call side skew there that you may want to accommodate in some fashion, for example, via ratio (the December 20th 2 x 105/185, 8.79 credit, -1.64/26.15 delta theta) or by going half as wide on the call side as on the put with a defined risk iron condor (e.g., the December 20th 110/120/185/190 pays 2.09). The BIDU December 20th 90/120 short strangle pays 2.33 and the UBER December 20th 25/39 pays 1.45. Naturally, you'll probably want to adjust strikes a smidge running into earnings, depending on how much these move between now and their respective announcements. EXCHANGE-TRADED FUNDS: SLV (51/24) GDXJ (40/31) GLD (40/12) GDX (38/27) TLT (34/11) USO (29/35) XOP (24/34) First Expiries In Which At-the-Money Short Straddle Pays >10% of Stock Price: SLV: April (165 Days), 2.10 versus 16.92 spot (12.4%) GDXJ: January (75 Days), 4.75 versus 39.40 spot (12.1%) GLD: January '21 (439 Days), 17.48 versus 142.56 (12.3%) GDX: January (75 Days), 2.91 versus 28.01 (10.4%) TLT: January '21 (439 Days), 15.43 versus 140.56 (11.0%) USO: January (75 Days), 1.38 versus 11.69 (11.8%) XOP: December (47 Days), 2.25 versus 21.85 (10.3%) I'm naturally not going to go out 439 days in either TLT or GLD to sell premium, but set them out there to show where the best "buck bang" is. If anywhere, it's shorter duration in GDXJ, GDX, USO, or XOP. BROAD MARKET: As with last week, <45 Day duration broad market (SPY, QQQ, IWM) isn't paying here. The shortest duration in which the at the money short straddle pays greater than 10% of where the underlying is trading is out in June (228 Days) in either IWM or QQQ. I reluctantly put on some QQQ last week (see Post Below), with the intent to manage these longer-dated setups far more aggressively than I would a shorter-dated one, taking profit at 25% max as opposed to waiting for a full 50 or more. Pictured here is an IWM June 19th 135/2 x 185 ratio'd short strangle with the short put around the 16 delta, the short calls doubled up at the 8's to accommodate skew. It pays 3.77 with break evens at 131.23/186.89 and delta/theta of 2.55/.73. FUTURES: The premium selling picture is basically the same as last week and mirrors that in the exchange-traded funds, with /CL paying in shorter duration, but not much else. VIX/VIX DERIVATIVES: There are viable term structure trades in VIX in the December, January, and February expiries where the correspondent /VX contracts are trading at 16.16, 17.37, and 18.02 as of Friday close. It is otherwise one of those rare moments where it might be worthwhile to consider a bullish assumption play in VXX or UVXY with VIX approaching 2019 lows around 12 (See Post Below). * -- UBER hasn't been around for 52 weeks yet, so there is no percentile/rank for where the 30-day lies.
AMEX:IWM
by NaughtyPines
Baidu's temporary bullish outlookThis analysis doesn't talk about Baidu's general downward trend, but rather of a temporary upward "re-testing" if you will. Baidu's earnings release is expected by end of the month which will be announced shortly. There are still more than 2 weeks worth of performance until a probable upward breakout. To investors trading it, this chart will reveal the most important points to consider before entering a position. At this point in time, the stock is not required to create higher highs, but you're definitely looking for higher lows. The stock is bullish as long as it remains above 100.25. The stock is expected to touch or break the 125MA by end of this month. Baidu's general downward trend is to continue at least end of 2020, possibly through all of 2021 with lows of sub 70's.
NASDAQ:BIDU
by UnknownUnicorn5323213
THE WEEK AHEAD: BIDU EARNINGS; GDXJ, EEM, VIX/VXX/UVXYEARNINGS BIDU (97/55) announces earnings on Monday after market close, so look to put on a play in the waning hours of the New York session ... . Pictured here is a September 80/120 short strangle paying 1.65 as of Friday close with delta/theta metrics of 1.57/8.07. You can naturally go defined risk, but you'll have to go in a smidge tighter with the shorts to collect one-third the width of the wings and being surgical with your strikes will be tough with 5-wides in that expiry. The September 20th 80/85/110/115 is paying 1.62 with delta/theta metrics of .26/3.20. EXCHANGE-TRADED FUNDS Precious metals keep on grinding in a high implied volatility state for yet another week, with the ideal rank/implied metrics remaining in GDXJ and nearly ideal ones in GDX: GLD (80/16) GDXJ (77/38) SLV (77/25) TLT (76/17) GDX (72/33) BROAD MARKET EFA (53/17) EEM (52/22) IWM (36/22) SPY (35/18) QQQ (27/22) Since I don't have anything on in EEM, I may consider putting on something longer-dated there. Using the delta neutral at-the-money short straddle test and looking for a setup that pays greater than 10% of the value of the underlying, it looks like I would have to go out to January where the 40 short straddle is paying 4.54 versus 39.54 the shares were trading at as of Friday close. The January 17th 40 short straddle pays 4.54 with break evens at 35.46/44.54 and has delta/theta metrics of 1.96/1.13 and a 25 max of 1.13; the 16 delta 34/44 short strangle pays 1.05 (.52 at 50 max) with break evens of 32.05/45.05 and delta/theta metrics of -.15/.86. I'm fine with either, but there's something to be said for having room to adjust without going inverted with the short strangle. VIX/VIX DERIVATIVES VIX finished Friday at 18.47 with the /VX term structure still in backwardation from September to December, with the August contract settling next week. I will continue to look to add at-the-money bearish assumption setups (short call verticals or long put verticals) in VIX in the front month (September) should we get additional pops to >20 and/or the same type of setup in UVXY and VXX using VIX levels as a guide. As of Friday close, the VIX September 18th 18/21 short call vertical was paying 1.10 at the mid with a break even of 19.10 versus 18.47 spot, but will probably wait for another pop to >20 to put on a similar setup.* * -- Short call verticals: short in the money, long out of the money, paying one-third the width of the spread. Long put verticals: short out of the money, long in the money, paying less than one-third the width in debit. Short call verticals with the same strikes as a long put vertical have the same risk, so it's a matter of taste and/or the practicalities of having a bunch of different plays on in the same expiry as to which you use. For example, you can layer on same strike long put verticals over short call verticals without inadvertently "stepping on" the short call verticals you have on. As compared to VIX options -- which settle to cash, with UVXY and VXX, there's naturally some assignment risk, so I lean toward short call verticals in those particular instruments, since I'd rather be short shares if assigned.
NASDAQ:BIDU
by NaughtyPines
THE WEEK AHEAD: AAPL, GILD, X, BIDU; GDXJ, /NGEARNINGS On initial screen for high rank/high implied, here are next week's potential winners for earnings-related volatility contraction plays: AAPL (31/27) (Tuesday after market close), X (52/54) (Thursday after market close), GILD (30/27) (Tuesday after market close), and BIDU (50/41) (Tuesday, but unspecified as to before or after market close). Because background implied on both AAPL and GILD are <50% (not what I like to see to play an earnings-related volatility contraction), those are cut from the list, leaving X and BIDU. Pictured here is a tight short strangle in the September cycle paying 1.11/.56 at 50 max as of Friday close, with break evens at 12.89/18.11, and delta/theta metrics of 2.59/1.74. You can naturally go full on short straddle, but giving the setup some room between the put and call will give you the ability to adjust the strikes intra-trade without going inverted to do so, as you might have to if you went with the September 20th 15 short straddle, which is paying 2.29/.57 at 25 max with break evens at 12.71/17.29, and has delta/theta metrics of -10.62/1.99. The rather unfortunate thing about BIDU is it's an ADR, so the precise announcement date and time is always up in the air until the last moment. That being said, the Sept 20th 95/100/130/135 iron condor is paying 1.46 at the mid (.73 at 50 max), has break evens at 98.54/131.46, and has -.17/1.82 delta/theta metrics. Naturally, I'd ordinarily like to collect one-third the width of the wings in credit, but it's hard to see what that will actually pay with markets showing wide in off hours. BROAD MARKET IWM (11/15) EEM (7/16) QQQ (6/15) SPY (6/12) EFA 0/11 VIX 12.16 Because of low implied in "local expiries" (<45 days 'til expiry or less), I've been going out a little farther in time than usual, taking advantage of implied volatility term structure,* which currently slopes from longer-dated expiries into this current state of affairs, (See RUT Iron Condor Trade, below), with the small added bonus being that longer-dated expiry implied volatility tends to expand less relative to shorter-dated implied volatility in the event of a "local" volatility pop, which is the usual concern with selling premium in low volatility environments. Naturally, I'm not going all crazy with these longer-dated setups, but staying small and keeping powder dry for more favorable volatility metrics in shorter duration expiries. SECTOR EXCHANGE-TRADED FUNDS Top Funds By Rank: GDXJ (78/35), GDX (53/29), SLV (48/20), GLD (39/12), TLT (25/10), SMH (25/24), USO (23/32), XOP (20/30). GDXJ continues to have ideal exchange-traded fund metrics of >70 rank, greater than 35 implied for premium selling ... . IRA TRADES I pulled the trigger on a couple of "not a penny mores" last week in XLP and XLU. Suffice it to say, I did not get stellar credit collection/cost basis reduction for these, since we're far away from the prices at which I want to acquire, but will look to roll out on weakness and/or in increased volatility. It's either stick something out there and get paid to wait or wait for lower and get paid nothing ... . HONORABLE MENTIONS /NG, UNG: Natural gas is around 52-week lows here. Generally, I look for a seasonality play where "peak injection" has historically set up, but it's generally a crap shoot as to where that will occur (that pesky Mother Nature), and it's usually later in the year. I'm watching it, but won't get particularly excited to enter something bullish until we break 2.00. Ideally, I'm looking to get in at around that 2016 low ... . * -- You can see this in RUT, with August implied at 15.3%, September at 16.1%, October at 16.7%, and December at 17.6%.
NYSE:X
by NaughtyPines