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Today's Research Reports on Trending Tickers: YY and 58.com

NEW YORK, NY / ACCESSWIRE / October 23, 2018 / Major U.S. equities finished lower Monday on a combination of rising interest rates and global growth concerns. Investors await a flood of corporate earnings this week as over 150 companies are scheduled to release earnings. The Dow Jones Industrial Average dropped 0.5 percent to close at 25,317.41, while the S&P 500 Index declined 0.43 percent to close at 2,755.88. The Nasdaq Composite Index gained 0.26 percent to close at 7,468.63.

"You need the market to calm down for investors to jump back in," according to Jeremy Klein, the chief market strategist at FBN Securities. "Hopefully, earnings will help with that," Klein added.

RDI Initiates Coverage on:

YY Inc.
https://rdinvesting.com/news/?ticker=YY

58.com Inc.
https://rdinvesting.com/news/?ticker=WUBA

YY's stock jumped 4.03% Monday, to close the day at $61.51. The stock recorded a trading volume of 1,077,979 shares, which was below its three months average volume of 1,456,443 shares. In the last year, YY's shares have traded in a range of 58.65 - 142.97. The share price has gained 4.88% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $71.31 is below its 200-day moving average of $91.37. Shares of the company are trading at a Price to Earnings ratio of 15.10. Shares of YY have fallen roughly 17.87 percent in the past month and are down 45.6 percent year-to-date.

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

On Monday, shares of 58.com recorded a trading volume of 900,742 shares, which was below the three months average volume of 1,191,123 shares. The stock ended the day 3.98% higher at $64.75. The share price has fallen 27.98% from its 52 week high with a 52 week trading range of 56.70 - 89.90. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $69.61 is below its 200-day moving average of $74.30. Shares of the company are trading at a Price to Earnings ratio of 38.96. Shares of 58.com have fallen roughly 12.51 percent in the past month and are down 9.53 percent year-to-date.

Access RDI's 58.com Inc. Research Report at:
https://rdinvesting.com/news/?ticker=WUBA

Our Actionable Research on YY Inc. (NASDAQ : YY ) and 58.com Inc. (NYSE : WUBA ) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com