Momentum Stocks: Baidu Inc. (ADR) (NASDAQ:BIDU), Sprint Corporation (NYSE:S), Renren Inc. (NYSE:RENN), AT&T Inc. (NYSE:T)

Technology Stocks News 3

Baidu Inc. (ADR) (NASDAQ:BIDU) has formed a partnership to apply for a private banking license, Robin Li, Baidu’s chief executive, said on the sidelines of China’s annual parliament on Mar. 7. “Of the businesses the Internet will topple they naturally include finance,” Li told a group of reporters. “Baidu is now applying for multiple banking licences, including payment, but because we’re still in the process of applying it’s not convenient to reveal too much,” said Li. Baidu Inc. (ADR) (NASDAQ:BIDU) stock performance was -3.37% in last session and finished the day at $173.50. Traded volume was 4.20 million shares in the last session and the average volume of the stock remained 4.52 million shares. The beta of the stock remained 2.03. Baidu Inc. (ADR) (NASDAQ:BIDU) insider ownership is 0.13%.

The chief executive of Japan’s Softbank called the U.S. wireless market an oligopoly plagued by slow speeds and high prices and said his company’s Sprint Corporation(NYSE:S) could shake up the competition, but it would require a scale that Sprint cannot reach alone. Sprint Corporation (NYSE:S) rose 0.80% to $8.78 yesterday on volume of 19.42 million shares. The intra-day range of the stock was $8.67 – $8.91. Sprint Corporation (NYSE:S) has a market capitalization of 34.65 billion.

capital, Renren Inc. (NYSE:RENN) announced that it will report its unaudited financial results for the fourth quarter and fiscal year 2013 on Tuesday, March 18, 2014, after the close of the U.S. markets. Renren Inc. (NYSE:RENN)’s stock on March 11, 2014 reported a lower of -4.03% to the closing price of $3.81. Its fifty two weeks range is $2.52 – $4.79. The total market capitalization recorded 1.41 billion. The overall volume in the last trading session was 3.76 million shares. In its share capital, Renren Inc. (NYSE:RENN) has 369.04 million outstanding shares.

AT&T Inc. (NYSE:T) has invested more than $800 million in its best-in-class wireless and wired networks in Wisconsin between 2011 through 2013, driving a wide range of upgrades to enhance speed, reliability, coverage and performance for residents and business customers. On Tuesday, shares of AT&T Inc. (NYSE:T) dropped -0.86% to close the day at $32.23. Company return on investment (ROI) is 12.80% and its monthly performance is recorded as -0.22%. AT&T Inc. (NYSE:T) quarterly revenue growth is -6.66%.

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