Will Momo Keep Climbing After Rallying Nearly 40% in 2019?
Momo (NASDAQ: MOMO), which owns two major dating apps in China, was a divisive stock for the bulls and bears over the past year. The bulls argued that Momo's core market was well insulated from any trade war worries, but the bears claimed that a government crackdown on one of its main apps, Tantan, indicated that its business was walking on eggshells.
Nonetheless, Momo shook off some of those concerns over the past two quarters, and its stock remains up nearly 40% for the year. Let's dig deeper into Momo's latest quarterly report and see if the stock can keep bucking the economic slowdown in China.
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Source Fool.com
