Baidu Stock: A Golden Era May Lie Ahead (NASDAQ:BIDU) – Seeking Alpha

Baidu (NASDAQ:BIDU), along with other prominent Chinese tech stocks such as Alibaba (BABA), has been under severe scrutiny over the past decade. However, even in these challenging times, the company has proven to be highly resilient; not only has it weathered the storm, it is in a terrific position to thrive. Specifically, Baidu has demonstrated tremendous strength on two important metrics, namely 1) underlying operating cash flow generation and 2) balance sheet strength (more on this below).

So far this year, the markets are going through a manic-depressive phase. Market sentiment is fragile and the general market indices have come under substantial pressure, as the headlines are flooded with negative news. In addition to high inflation, interest rate hikes, supply chain disruptions, ongoing COVID-19 issues, a potential 2022 monkeypox outbreak, and the war in Ukraine, we now also have concerns about Taiwan, exacerbated by Nancy Pelosi’s visit to the island. As a result, in June,…

Read Full Story: https://seekingalpha.com/article/4534341-baidu-a-golden-era-may-lie-ahead

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source: https://news.oneseocompany.com/2022/08/15/baidu-stock-a-golden-era-may-lie-ahead-nasdaqbidu-seeking-alpha_2022081527285.html

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