Better Buy: Momo vs. Baidu
The trade war, the economic slowdown in China, and the depreciation of the yuan caused many investors to flee Chinese tech stocks over the past year. Yet some of those stocks weathered the downturn much better than others.
Momo (NASDAQ: MOMO) stock, which owns two major dating apps in China, has rallied nearly 50% this year. Baidu (NASDAQ: BIDU), meanwhile, which owns the country's top search engine, has shed nearly 30% of its stock's value. Let's see why Momo surged and Baidu stumbled, and whether those trends will persist through the end of the year.
Image source: Getty Images.
Quelle Fool.com
