Better Coronavirus Crisis Buy: Momo vs. Huya
As the novel coronavirus (COVID-19) crisis crushes markets worldwide, investors are scrambling to niche sectors that are insulated from the carnage. China's live streaming market, which mainly relies on the country's domestic viewers buying subscriptions and virtual gifts, is arguably one of those safe havens.
Two top stocks in that market are Momo (NASDAQ: MOMO) and Huya (NYSE: HUYA). Momo owns China's top dating apps and a major live streaming platform. Huya, which was spun off from JOYY (NASDAQ: YY) in 2018, owns China's top video game streaming platform.
Both stocks tumbled during the global sell-off, but their fundamentals and forecasts look stable. Let's see if Momo or Huya is poised for a stronger rebound later this year.
Source Fool.com
