Why Baidu, Endo International, and Hilton Grand Vacations Jumped Today

Major benchmarks lost ground on Tuesday as investors tried to get comfortable with their outlooks for the U.S. economy over the next several months. Many market participants are looking to the Federal Reserve for guidance on the likelihood of a recession in the near future, especially in light of the recent inversion of the yield curve and calls for economic slowdowns in several industries. Yet some stocks still managed to post strong gains. Baidu (NASDAQ: BIDU), Endo International (NASDAQ: ENDP), and Hilton Grand Vacations (NYSE: HGV) were among the top performers. Here's why they did so well.

Shares of Baidu rose 4% after the Chinese internet search giant released its second-quarter financial results. Baidu's performance wasn't all that strong, with a minimal increase in revenue and a plunge in adjusted net income of more than 50%. Yet even though prospects for the future look challenging, many believe that the company should see ad revenue bounce back if the U.S. and China can resolve their trade disputes. Moreover, with efforts to expand into areas beyond search, Baidu is aiming to become an all-purpose provider of internet and mobile services. That should bode well for the company's long-term prospects.

Image source: Baidu.

Source Fool.com