Tech Stock #3: Baidu (BIDU)


Baidu (BIDU) is the leading Chinese-language Internet search engine, with more than 70% of China's search market. Some people say this company is China's Google, but in fact this company is faring even better than that iconic company since Google's head in China recently resigned after failing to challenge Baidu.

Just like Google (GOOG), Baidu is trading at a very high level right now -- to the tune of about $400 per share. However, I rate this stock a strong buy under $474.

Next: Tech Stock #4: IBM (IBM)

At the time of publication, Louis Navellier owned shares of BIDU in personal or client portfolios.

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Last updated: February 10, 2012: 08:24 AM

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