Tuesday’s Top Trending Tickers: TWTR, VSLR, BIDU, C, LBIX

Technical Buying Detected At Baidu 

Chinese search giant Baidu Inc (ADR) (NASDAQ:BIDU) is 2% higher today due to technical buying after the stock approached the $160 support level. Shares of Baidu previously trended lower due to increased government scrutiny over its healthcare ads. The increased scrutiny caused Baidu to revise its revenue guidance for the second quarter to RMB18.1 billion-to-RMB18.2 billion, or USD$2.807 billion-to-USD$2.823 billion, versus the previous range of USD$3.119 billion-to-USD$3.192 billion. Although Baidu shares have rebounded, it is unclear whether the $160 level will hold in the long term if the Chinese government does not reverse its stance against the company, which has forced it to have to cancel some of its ads contracts with certain companies. Hopefully for Baidu bulls, management can fix their healthcare ad vetting system, get on the government’s good side, and increase profits again. 72 funds in our database were long Baidu Inc (ADR) (NASDAQ:BIDU) as of the most recent 13F reporting period, up by 17 funds quarter-over-quarter.

Citigroup Lower On Potential Brexit 

Citigroup Inc (NYSE:C) is off by 1.3% this morning as investors continue to worry about the potential implications of a Brexit. Citigroup Inc (NYSE:C) is more international than its peers and would suffer more if a Brexit caused an unexpected shock in Europe or other emerging markets’ financial systems. In other news, Citigroup may need up to three months to sell its Brazilian retail segment. 101 funds that we track owned shares of Citigroup Inc (NYSE:C) at the end of the first quarter.

Nano-cap Surges on Earnings 

Nano-cap Leading Brands, Inc (USA) (NASDAQ:LBIX) has surged by more than 50% after the company reported net income of CAD$0.10 per share (or USD$0.08), a big improvement from a loss of CAD$0.15 (USD$0.12) in the same quarter of fiscal year 2015. The positive swing was due to cost savings, a gain due to a long-unused internet domain, and other activities. None of the 766 active funds in our database held shares of Leading Brands, Inc (USA) (NASDAQ:LBIX) at the end of March. As with all nano-caps, investors should exercise due-diligence before buying or selling shares.

Disclosure: None