Orlando, FL -- (SBWIRE) -- 10/28/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On NQ Mobile Inc (ADR) (NYSE:NQ), Baidu Inc (ADR) (NASDAQ:BIDU).
NQ Mobile Inc (ADR) (NYSE:NQ) shares plunged 12.08% to $10.63. Law Offices of Howard G. Smith on Oct. 24 announces that it is investigating potential claims on behalf of investors of NQ Mobile concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by NQ Mobile concerning the Company's operations and financial performance and prospects.
Additionally, the company will report its 3Q2013 results after the U.S. markets close on Nov. 12.
Are investors worried about the recent updates with NQ? Find out with a free trend analysis HERE
Baidu Inc (ADR) (NASDAQ:BIDU) shares declined 1.23% to $159.36. China's securities regulator on Oct. 23 said Baidu Inc. violated securities rules when it announced a new financial product earlier this week, an illustration of the hurdles faced by the country's largest Internet companies as they expand aggressively into the financial sector.
Additionally, the company on Oct. 21 said it will introduce a new financial product next week when it unveils a financial services platform, part of an effort to compete with Internet rivals like Alibaba Group Holding Ltd., which are moving more aggressively into the financial sector. The product, which Baidu says is targeting 8% annual returns, will be part of cooperation with China Asset Management (Hong Kong) Ltd. The minimum investment for the product will be only 1 yuan ($0.16).
Is BIDU going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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