Momo (NASDAQ: MOMO) and iQiyi (NASDAQ: IQ) have a few things in common. They are both Chinese internet stocks cashing in on the country's growing appetite for streaming video. They are both generating double-digit revenue growth, though the pace is decelerating sharply for both companies lately.
Both stocks also happened to bottom out on the exact same day, Jan. 2, earlier this year. Momo and iQiyi have managed to deliver double-digit returns in 2019 -- no easy feat given investor disinterest in Chinese equities as a result of the economic slowdown in the country and escalating trade tariff tensions with the U.S. -- but this is where the two names start to drift apart. iQiyi's stock is up just 11% this year. Momo is up a whopping 47% year to date.
Image source: Momo.
Source Fool.com