Jim Cramer Announces His Four Horsemen of China (BIDU, FMCN, CHA, PTR)
Tweet
Share
E-mailGet Alerts BIDU Hot Sheet
Price: $95.58 --0%
Rating Summary:
33 Buy, 7 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 16
Rating Summary:
33 Buy, 7 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 16
Join SI Premium – FREE
On Mad Money, Jim Cramer said his Four Horsemen of China include: Baidu (Nasdaq: BIDU), Focus Media (Nasdaq: FMCN), China Telecom (NYSE: CHA) and PetroChina (NYSE: PTR).
Baidu.com, Inc. (Baidu) is a Chinese-language Internet search provider. The Baidu search engine and web page look eerily similar to Google.com (Nasdaq: GOOG). Baidu has had a parabolic rise over the past couple months to a price of $375. Baidu could have been purchased for under $200 in August.
Look for Sohu (Nasdaq: SOHU) to rise as investors start to believe it could have the same meteoric rise as Baidu. Also, SINA (Nasdaq: SINA) is an online Chinese company that may benefit as investors clamor to put their money in Chinese related Internet companies.
Focus Media operates out-of-home advertising network in China using audiovisual television displays, based on the number of locations and number of flat-panel television displays in its network.
China Telecom provides telecommunications and information services covering voice, data, image and multimedia in 20 provinces, municipalities, and autonomous regions in China.
PetroChina is one of the largest providers of oil in China. Warren Buffett used to be a very large investor in PetroChina, but he has sold shares as the stock has moved up in price on valuation concerns. Some people speculated that Mr. Buffett sold his shares in PTR because of political pressures, which he adamantly denies. PetroChina is currently trading at $246 up from $148 in September
J Raznick
Baidu.com, Inc. (Baidu) is a Chinese-language Internet search provider. The Baidu search engine and web page look eerily similar to Google.com (Nasdaq: GOOG). Baidu has had a parabolic rise over the past couple months to a price of $375. Baidu could have been purchased for under $200 in August.
Look for Sohu (Nasdaq: SOHU) to rise as investors start to believe it could have the same meteoric rise as Baidu. Also, SINA (Nasdaq: SINA) is an online Chinese company that may benefit as investors clamor to put their money in Chinese related Internet companies.
Focus Media operates out-of-home advertising network in China using audiovisual television displays, based on the number of locations and number of flat-panel television displays in its network.
China Telecom provides telecommunications and information services covering voice, data, image and multimedia in 20 provinces, municipalities, and autonomous regions in China.
PetroChina is one of the largest providers of oil in China. Warren Buffett used to be a very large investor in PetroChina, but he has sold shares as the stock has moved up in price on valuation concerns. Some people speculated that Mr. Buffett sold his shares in PTR because of political pressures, which he adamantly denies. PetroChina is currently trading at $246 up from $148 in September
J Raznick
You May Also Be Interested In
- Yageo Corp. (2327:TT) (YAGOY) PT Lowered to NT$656 at HSBC
- CIMC Enric Holdings Ltd. (3899:HK) (CIMEF) PT Lowered to HK$8.70 at HSBC
- Infosys Technologies (INFY) PT Lowered to $14 at Susquehanna
Create E-mail Alert Related Categories
Analyst Comments, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
