APPLOVIN CORP (NASDAQ:APP) is a high-growth stock with strong profitability and a bullish technical setup, making it a compelling candidate for momentum investors.
While the Nasdaq 100 (^NDX) is filled with cutting-edge technology and consumer companies, not all are on solid footing.
Some are dealing with declining demand, high costs, or regulatory pressures that could limit future upside.
Applovin Corp. (NASDAQ: APP) shares are trading lower Monday continuing a decline that began in Monday's after-hours session after The Trade Desk Inc. (NASDAQ: TTD) was selected to join the S&P 500.
Renowned TV host Jim Cramer is stirring chatter on X with another buzzworthy "meme stock" acronym, aimed at a new group of retail-favorite stocks that are defying gravity.
Shares of mobile app advertising platform AppLovin (NASDAQ: APP)
jumped 6.4% in the afternoon session after the company received a reiterated "Buy" rating from a major Wall Street bank and reports of significant institutional buying. Citi reiterated its "Buy" rating and a $600 price target on the mobile technology company, signaling confidence ahead of its second-quarter earnings report. The bank expects AppLovin's results to be at the high end of its guidance.
APPLOVIN CORP (NASDAQ:APP) is a high-growth stock with strong profitability and reasonable valuation, making it a candidate for investors seeking growth at a sensible price.
A number of stocks fell in the afternoon session after the Trump administration announced intentions to impose a 35% tariff on many goods imported from Canada.
