Jim Cramer Picks Baidu.com (BIDU) as China Favorite

Jim Cramer has only recently remained bullish on Baidu.com (BIDU) as the price of the stock hit 128 in May 2007. He has commonly rejected owning Chinese stocks, instead recommending high quality American companies that benefit from the growth of the Chinese economy, but Baidu.com (BIDU) has become too hot to ignore. Cramer briefly went positive on Baidu.com in a January 2007 lightning round when he stated, "True confession time. I have been itching to buy this BIDU, to recommend it on the show. I keep waiting for a down day. It is killing me. I am right now sanctioning a small buy in BIDU right here, praying that it will come down so I can say buy, buy, buy on the show. You've got a winner."

Soon after on 2/9/2007, he correctly predicted that the stock would trade dramatically lower after reporting the quarter's earnings. Disappointing Q1 earnings plus a worldwide