NEW YORK, NY / ACCESSWIRE / June 18, 2018 / U.S. market plunged on Friday, but well-off session lows as investors appeared to look at previous signs of escalating trade tension between Washington and Beijing. The Dow Jones Industrial Average fell 0.34 percent to close at 25,090.48, while the S&P 500 Index declined 0.10 percent to close at 2,779.66. The Nasdaq Composite Index shed 0.19 percent to close at 7,746.38.

According to SlateStone Wealth chief investment strategist, Robert Pavlik, "People are worried that the trade issue could turn into something much more serious. It's obviously never good to think you could be entering a trade war with another major economy, and it brings a lot of uncertainty to the equation." "That being said, people are still hopeful that this is a lot of chest pounding and negotiation tactics, as opposed to something more lasting. The market could be in a position to give something back if this persists, but unless things really escalate, I don't think that will last," Pavlik added.

RDI Initiates Coverage on:

Momo Inc.
https://rdinvesting.com/news/?ticker=MOMO

Bilibili Inc.
https://rdinvesting.com/news/?ticker=BILI

Momo's stock moved 0.48% lower Friday, to close the day at $53.60. The stock recorded a trading volume of 3,299,856 shares, which was below its three months average volume of 4,471,980 shares. In the last year, Momo's shares have traded in a range of 22.49 - 54.24. The share price has gained 138.33% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $42.81 is above its 200-day moving average of $34.03. Shares of the company are trading at a Price to Earnings ratio of 30.47. Shares of Momo have gained roughly 39.91 percent in the past month and are up 118.95 percent year-to-date.

Access RDI's Momo Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MOMO

On Friday, shares of Bilibili recorded a trading volume of 14,010,571 shares, which was above the three months average volume of 3,838,896 shares. The stock ended the day 4.15% lower at $19.65. The share price has fallen 13.44% from its 52 week high with a 52 week trading range of 9.62 - 22.70. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $14.05 is above its 200-day moving average of $12.90. Shares of Bilibili have gained roughly 51.29 percent in the past month and are up 82.38 percent year-to-date.

Access RDI's Bilibili Inc. Research Report at:
https://rdinvesting.com/news/?ticker=BILI

Our Actionable Research on Momo Inc. (NASDAQ:MOMO) and Bilibili Inc. (NASDAQ:BILI) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com