Are Baidu and Google Earnings Related?
After the close on Thursday, even as traders were marveling at the 13% move after Google announced its earnings triumph, Baidu was also up substantially after hours (2.8%) on no apparent news. This got me wondering whether there was any steady relationship between the two – after all, Baidu is colloquially “the Google of China,” so it isn’t hard to imagine people trading the two stocks similarly. On the day after Google reported earnings, the returns of the stocks…
Friday, July 15, 2011
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