Below we will be discussing two stocks with potential trades. Baidu, Inc. (BIDU) & Netflix Inc. (NFLX). Both NFLX and BIDU could see some upside this week.
Baidu, Inc. (BIDU) - Baidu, Inc. (BIDU) is down another $4 today as the stock market falls. Baidu, Inc. (BIDU) was in the news yesterday after the company entered into a deal with Facebook on a social networking website in China. BIDU is a buy below $120 if we see a pullback.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) fell below $225 on Tuesday which caused the shorts to cover. NFLX has resistance at $236 & $240. If NFLX breaks up through $240 again, the bulls will come back. Netflix continues to be a great short below the 10 day moving average with a tight stop.
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NFLX - Neutral
DANG - Buy, above $21
DANG - Buy, above $21