We’re back for another week of trading. This should be an interesting week as 180 S&P 500 companies are scheduled to report earnings. Perhaps the most anticipated calls are set for Thursday as Apple, Alphabet and Amazon will all report.
The recent run in tech stocks has some investors wondering whether valuations are overstretched. It could be the case for some stocks which have rocketed in recent months. However, there are still some deals if you know where to look. We found one company with attractive metrics and big growth potential which could deliver big returns.
Huya Inc. (HUYA) operates a platform for video game broadcasts and commentary, a market that is primed for expansion and Huya has a lead position.
The company generates sales from in-stream advertising and from taking a cut of donations that viewers make to broadcasters. Revenue jumped 47.8% year over year in the first quarter and non-GAAP adjusted earnings soared 100.7%. HUYA is up around 20% over the past month. Considering its performance and growth potential HUYA still looks significantly undervalued.
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