Momentum Stocks: Baidu Inc (ADR) (NASDAQ:BIDU), SINA Corp (NASDAQ:SINA), Alcatel Lucent SA (ADR) (NYSE:ALU), Micron Technology (NASDAQ:MU)

Search leader Baidu Inc (ADR) (NASDAQ:BIDU) may be rapidly yielding market share to 2 up-and-coming rivals, even as its latest results show it’s still king of the hill when it comes to getting revenue from online advertisers. But the company is still searching for new innovation, with word that charismatic Xiaomi co-founder Lei Jun came to speak at an internal event this week as Baidu seeks to rekindle its own “wolf spirit”. Baidu Inc (ADR) (NASDAQ:BIDU) stock opened at $172.64 in last session, and closed at $172.90, while the day range of stock is $171.08 – $ 174.94. The stock showed a negative weekly performance of -0.40%.

Sina Corp (NASDAQ:SINA)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued to clients and investors on Wednesday, Stock Rating News reports. SINA Corp (NASDAQ:SINA) stock opened at $69.71, in last session and closed at $ 70.52, by gaining 2.23%. The 52 week range of the stock is $45.54 – $92.83. Company’s market capitalization is $4.70 billion.

Alcatel Lucent SA (ADR) (NYSE:ALU) is becoming one of the best turnaround stories and the management deserves full credit for its hard work. Not long ago, the company was going through one of the worst periods of its life and there were fears that it may go bankrupt. Alcatel Lucent SA (ADR) (NYSE:ALU) stock decreased -0.93% and finished the last session at $4.26. The EPS of the stock remained -1.61. Company’s market capitalization is $10.23 billion.

Micron Technology, Inc. (NASDAQ:MU) is arguably one of the best performers in the technology industry with its stock having surged by over 200% over the past twelve months. The company stock is currently rated as a “Buy” as it continues to show significant strength in its key segments of operation. Micron Technology, Inc. (NASDAQ:MU) stock opened the session at $24.31, and closed the session at $24.22. The 52 week range of the stock remained $7.85 – $25.68 and the day range was $24.16 – $24.73.

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