Yahoo Finance Today's Research Reports on Stocks to Watch: Alibaba and Momo
NEW YORK, NY / ACCESSWIRE / April 11, 2017 / Chinese company Alibaba began planning a movement into the financial investment industry, while Momo expanded its target audience. Both decisions have investors seeing green.
RDI Initiates Coverage on:
Alibaba Group Holding Ltd. https://ub.rdinvesting.com/news/?ticker=BABA
Momo Inc. https://ub.rdinvesting.com/news/?ticker=MOMO
Alibaba shares gained 2.79% to close at $111.70 on Monday. The stock traded in a range between $108.84 and $111.88 on above average volume of 14,798,611 shares traded. News of the company moving into the growing market of robo advisors, essentially investment advice through a mobile device app, spurred the upward movement. Alibaba CEO, Jack Ma, is creating Youyu, a business that is targeting the average Chinese investor who has as little as $800 to invest. In a nation of 1.6 billion people, this is a considerably large pool of cash to dive into. The company has seen its revenues steadily rise, from $8.4 billion USD in 2014 to $15.7 billion USD in the fiscal year ending March 31, 2016.
Access RDI's Alibaba Research Report at: https://ub.rdinvesting.com/news/?ticker=BABA
Momo advanced 7.36% to close at $37.50 on Monday. The stock traded in a range between $35.20 and $38.12 on volume of 9.6 million shares traded. The company has been receiving a substantial amount of attention as its 2016 financials (unaudited) for the period ending December 31, 2016 shows its earnings grew from $0.15 USD per share in 2015 to $0.87 USD in 2016. Zack's Investment Service rates it a strong buy as the company has changed its focus from being a dating site to becoming a broader social media site. Momo had 81 million users in 2016, and its expansion is expected to see that number grow through 2017.
Access RDI's Momo Research Report at: https://ub.rdinvesting.com/news/?ticker=MOMO
Our Actionable Research on Alibaba Group Holding Ltd. (NYSE: BABA) and Momo Inc. (NASDAQ: MOMO) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com