Baidu Spikes as Goldman Turns Bullish

Shares in Baidu, the Chinese search engine, have jumped today after Goldman Sachs analyst James Mitchell raised his rating on the stock, while maintaining his recently reduced price target. Mitchell offers a variety of reasons for his more bullish stance–not the least of which is his estimation of a 30 percent yearly increase in search spending in China for the next several years.

eBay: Goldman, AmTech, Weisel Downgrade; Stock Swoons

It was a rough morning for eBay shares, which were down sharply following last night’s poorly received second-quarter earnings report. While revenues and earnings per share for the quarter beat expectations, third-quarter guidance disappointed the Street, and analysts were dismayed by weaker than expected gross merchandise value in the quarter.

Amazon Heading Higher; Goldman Adds to Buy List

Amazon (AMZN) shares this morning are getting a boost from Goldman Sachs analyst James Mitchell, who added the stock to the firm’s Americas Conviction Buy List, and upped his price target to $98 from $75.