Some investors might be thinking they might want to avoid anything that has to do with "China" right now, especially if these stocks are sensitive to market headlines locally and abroad. But then comes Huya, a company unfazed by trade ruffles.
The reason for Huya having that certain appeal: it is a live streaming platform for gamers, who could be participants or observers. There is a massive interaction between participants and observers. This is something that is neat about Huya.
Investors want to know if the company is going to be affected by trade headwinds. Analysts said, not really. But is it going to be affected because China is attached in the name? Possibly. So that is one of the things investors have to watch out for.
Here's a quick overview of how Huya has been faring in the marketplace in the last week:
The live streaming platform for gaming remains in the "Buy" range as the stock steadies above the 26.48 Buy mark from a double-bottom base.
HUYA Inc. (HUYA) has a 95 Composite Rating, but its earnings per share rating are quite laggard at 72, and its relative strength line has been quite unsteady as well. However, HUYA has performed higher since its top executives posted six-month profits in August this year. The stock's revenue and EPS exceeded analysts' predictions.
Despite early jitters whether the Chinese stock could sustain a flurry of recent negative perceptions, the company's average monthly active customers soared 57.4 percent, steered by a stronger tie-up with several big-name game outfits and "growing integration in the electronic sports value chain," Rongjie Dong, Huya chief executive officer, disclosed in a statement.
In the Chinese online gaming and entertainment segment, Huya beat the bears by zooming past a 26.47 proper entry in well-built double-bottom support. Huya and software giant Microsoft Inc (MSFT) are the latest blue-chip assets included in the elite IBD Leaderboard.
This prominent list of growth stocks with the capacity to break the S&P 500 Return now showcases 10 companies on a buy point. The Street views Huya jacking up its earnings power by almost 30 percent this year to 40 cents per share, then rallying to 86 percent to 75 cents in 2020.
Microsoft, on the other hand, advanced over 2 percent in active turnover, breaching past a 141.77 Buy point in flat support that indicates a mild correction of just under 8 percent. The tech firm disclosed a 10 percent increase in quarterly dividend late Tuesday, to 50 cents per share.
Meanwhile, Huya has made it to the list of China's premier stocks and the best stocks to purchase. Along with China's top social media company Momo, Huya sits alongside market giants Twitter, Match Group and Yandex.
