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Wednesday, May 10, 2006

Smart Sector Of The Day - China

  • China Stocks +3.65%: the red hot country of dragon saw its stocks went higher today by surgin 3.65% to overall gain of 8.97%. Although some of the stocks in the sector finished lower today, shares of the Internet search giant BIDU skyrocketted 36.81% to $83.976 per share on strong first quarter profit and analysts upgrade on strong second quarter guidance. Since coverage on the stock began on November 29 at $76.39 per share, the stock is right back into positive territory. The leading stock in the sector is SOHU, gaining 47.68% since covering on November 29 at $19.17 per share.

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