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Baidu, Inc. (NASDAQ:BIDU), iShares FTSE/Xinhua China 25 Index Fund ETF (ETF:FXI) 'Trading Nation' Traders Weigh In On Chinese Stocks Benzinga

August 17, 2021
Source: benzinga.com benzinga.com
News Snapshot:
Michael Binger of Gradient Investments said on CNBC's "Trading Nation" the latest data from China showed some slowing. The industrial output was roughly 6% in July, while it was 8% in June, the COVID-19 outbreaks are putting a little bit of a pause in the economic recovery and the regulatory issues are also causing some headwinds, explained Binger. Despite the weakness, he would be a buyer of Baidu Inc (NASDAQ: BIDU ). The stock is down 50% and it's out of scope of regulatory pressure. Its sales growth was over 20% and it has mid to high teens growth for...
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Tags: Baidu | BIDU | China | Chinese | CNBC | Covid-19 | data | Economy | ETF | fund | index | IT | nasdaq | NYSE | performance | sales | search engine | stock | stock market | stocks | Three | Xinhua

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