1 Momo Inc. (MOMO +13.74%) trounced 16 Snapchat (SNAP -11.46%)

Momo Inc. is a China based social media company that has been riding high after releasing a stellar earnings report on March 7th which noted that its sales grew 524% in Q4 of 2016, and 313% for the entire year. Also, its net income (profit) grew 10X to $145 million in 2016, from less than $14 million in 2015. With these numbers, it’s easy to see why that stock has been performing so well this year.

On the other hand, Snap Inc. (the parent company of the mobile app Snapchat) recently became a public company on March 2nd and its share rocketed 44% on the first day, but have floundered ever since. Investors are worried that the shares are currently overvalued, given than Snap lost $515 million in 2016 after losing $372 million in 2015. In fact, Snap has lost money every year since 2011 and warned in it’s IPO filing that it may “never be profitable.”

There was a lot of hype around the SNAP Inc. IPO, but so far, the shares haven’t performed as well as everyone hoped.

8 Broadcom (AVGO -2.28%) falls to 9 Apple (AAPL +0.61) after going ex-dividend

Broadcom we ex-dividend on March 16th and that appears to have affected the price of the stock this week.

Broadcom pays a dividend to its shareholders every quarter. However, and investor has to one the stock by a certain date in order to be eligible to receive the dividend payment. On the day that new investors are no longer eligible to receive the dividend payment, the stock is said the trade “ex-dividend” and the stock exchange reduces the price of the shares accordingly.

Plus, investors who want to sell the stock may hold onto it until they are assured to receive the dividend and the unload it after. It looks like that’s what happened to Broadcom this week, and that caused it to lose to Apple this week.

12 Alibaba (BABA +2.15%) beats 5 Seagate (STX -0.87)  upbeat analyst report

Investment bank Morgan Stanley released a report saying that Alibaba could be the biggest share gainer in public cloud computing.

The report noted that if “public cloud computing is a transformational technology like electricity, then cloud stocks are widely undervalued today.”

This report helped Alibaba prevail over hard drive manufacturer Seagate.

Other notables

13 Advanced Micro Devices (AMD) fell 3% although there was no major news regarding the stock this week.

3 Wix.com (WIX) jumped 4.1% and shares of 2 Shopify (SHOP) rose 4.43% as they both seem to be catching the eye of investors who want to play the current trends toward shopping online and via mobile devices.

Mobile payment processor Square (SQ) also benefitted from this theme by rising 2.19% during the week.