Today’s Research Reports on Trending Tickers: Alibaba and Momo

NEW YORK, NY / ACCESSWIRE / May 8, 2018 / A strong performance by the energy sector lifted U.S. markets higher for the second consecutive session Monday as oil prices topped $70 a barrel. Investor attention will now shift to President Trump’s decision on the Iran nuclear accord on Tuesday at 2:00 p.m. The Dow Jones Industrial Average gained 0.39 percent to close at 24,357.32, while the S&P 500 Index rose 0.35 percent to close at 2,672.63. The Nasdaq Composite Index jumped 0.77 percent to close at 7,265.21.

“We’re waiting on more clarity about the Iran deal. If Trump pulls out, which other leaders have urged him not to do, then supply will be cut, which will have the same impact as rising demand in terms of driving up prices. But even beyond that, we’re entering the summer driving season and the energy sector has been down for so long that it looks poised for a rebound,” said Mark Martiak, senior wealth strategist at Premier Wealth/First Allied.

RDI Initiates Coverage on:

Alibaba Group Holding Limited
https://rdinvesting.com/news/?ticker=BABA

Momo Inc.
https://rdinvesting.com/news/?ticker=MOMO

Alibaba’s stock jumped 3.42% Monday, to close the day at $195.35. The stock recorded a trading volume of 29,862,192 shares, which was above its three months average volume of 18,443,447 shares. In the last year, Alibaba’s shares have traded in a range of 114.00 – 206.20. The share price has gained 71.36% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $179.91 is below its 200-day moving average of $182.87. Shares of the company are trading at a Price to Earnings ratio of 47.76. Shares of Alibaba have gained roughly 16.61 percent in the past month and are up 13.29 percent year-to-date.

Access RDI’s Alibaba Group Holding Limited Research Report at:
https://rdinvesting.com/news/?ticker=BABA

On Monday, shares of Momo recorded a trading volume of 4,262,185 shares, which was below the three months average volume of 4,766,760 shares. The stock ended the day 7.55% higher at $38.03. The share price has fallen 18.55% from its 52 week high with a 52 week trading range of 22.49 – 46.69. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $36.46 is above its 200-day moving average of $31.15. Shares of the company are trading at a Price to Earnings ratio of 24.69. Shares of Momo have gained roughly 4.48 percent in the past month and are up 55.35 percent year-to-date.

Access RDI’s Momo Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MOMO

Our Actionable Research on Alibaba Group Holding Limited (NYSE:BABA) and Momo Inc. (NASDAQ:MOMO) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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