Momentum Stocks: Baidu Inc. (ADR) (NASDAQ:BIDU), Sprint Corporation (NYSE:S), Renren Inc. (NYSE:RENN), AT&T Inc. (NYSE:T)
Baidu Inc. (ADR) (NASDAQ:BIDU) has formed a partnership to apply for a private banking license, Robin Li, Baidu’s chief executive, said on the sidelines of China’s annual parliament on Mar. 7. “Of the businesses the Internet will topple they naturally include finance,” Li told a group of reporters. “Baidu is now applying for multiple banking…