Orlando, FL -- (SBWIRE) -- 10/03/2013 -- 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 Baidu.com, Inc. (ADR)(NASDAQ:BIDU), Autodesk, Inc. (NASDAQ:ADSK).
Baidu.com, Inc. (ADR)(NASDAQ:BIDU) shares gained 0.82% to $159.94. Qunar Cayman Islands Ltd., an online travel service provider controlled by Baidu Inc. (BIDU), seeks to raise as much as $125 million in the biggest U.S. initial public offering by a Chinese company in two years.
Qunar, which runs China’s most popular mobile travel app, plans to sell American depositary shares and to list on the New York Stock Exchange, according to its filing to the U.S. Securities and Exchange Commission on Oct. 1. Goldman Sachs Group Inc. and Deutsche Bank AG are lead underwriters of the deal.
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Autodesk, Inc. (NASDAQ:ADSK) stock increased 5.09% to $42.55. The company on Oct. 2 is hosting members of the investment community at its annual Investor Day. Autodesk also reiterated its revenue and non-GAAP EPS third quarter fiscal 2014 business outlook, updated the third quarter GAAP EPS business outlook, and provided initial business outlook for its fourth quarter of fiscal 2014.
Additionally, the company on Oct. 2 has signed a definitive agreement with the shareholders of Graitec to acquire certain technology assets, including Graitec's Advance Steel and Advance Concrete product lines, and associated employees. The acquisition will enhance Autodesk's current offerings for structural engineering and expand its portfolio of technology for Building Information Modeling (BIM) for structural fabrication and detailing. Through the proposed acquisition, Autodesk will continue to lead the industry's migration to BIM and evolution of model-based workflows for structural engineers, detailers, fabricators and contractors who provide modeling, analysis, detailing, and production services.
Is ADSK going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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