AppLovin Corporation (APP) has seen its stock skyrocket 126.3% year to date. This impressive rise has significantly outpaced the 21.3% rally of the industry it belongs to and the 18.1% growth of the Zacks S&P 500 composite.Compared with its competitors in the in-game mobile advertising space, APP’s performance is notably stronger. Alphabet Inc. (GOOGL) has surged 18.6%, and Meta Platforms (META) has gained 49.2% over the same period.Year-to-Date Price PerformanceImage Source: Zacks Investment ResearchAs of ...

Have you been paying attention to shares of AppLovin (APP) ? Shares have been on the move with the stock up 16.8% over the past month. The stock hit a new 52-week high of $92.5 in the previous session. AppLovin has gained 123.3% since the start of the year compared to the 10.6% move for the Zacks Business Services sector and the 20.4% return for the Zacks Technology Services industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our ...

AppLovin (APP) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this mobile app technology company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings est ...

Last week the market experienced one of the fastest rises in volatility since the Covid-19 pandemic and the Great Financial Crisis. The VIX index rose above 60 on Monday morning, which was a 40-point jump from the day before. However, what followed was equally impressive as volatility fell nearly just as fast as it rose, and today the VIX is below 17.We know now that the unwind of the Yen carry trade led to a capitulation of the most levered traders and it seems that the worst is already behind us. And it m ...

Tech stocks have been booming throughout 2024 due to increased investor attention to new and developing technologies such as generative AI and cloud computing.It has provided a large number of investment opportunities recently and still offers strong growth potential. However, due to a number of factors, including overall economic uncertainty and the sharp drop in the Japanese markets, which greatly affected global markets and sparked fears for investors, an impressive number of U.S. stocks have seen large ...

AppLovin (APP) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this mobile app technology company have returned -15%, compared to the Zacks S&P 500 composite's -4.8% change. During this period, the Zacks Technology Services industry, which AppLovin falls in, has lost 10.5%. The key question now is: What could be the stock's future direction?While m ...

Picking the best stocks to buy requires a selection based on solid fundamentals that create long-term value. These stock leaders’ financial strength, operational efficiency and growth trajectories make them standout picks for potential high returns. By focusing on these attributes, one can better identify stocks with substantial upside potential, aligning investment strategies with companies poised for future success. Here, the focus is on three standout companies with significant growth potential. Each com ...

The company is a top play on artificial intelligence (AI).Shares of AppLovin (APP -3.39%) jumped following its second-quarter earnings report after yet another strong quarter of revenue and profitability growth for the adtech company. The stock has been a strong performer this year, up over 75% year to date.Let's look at what's behind the company's resurgence, if it can continue, and whether the stock is a buy.Impressive second-quarter resultsAppLovin's success stems from the release of its Axon 2 artificia ...

AppLovin (APP) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The powe ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 12th:Vital Farms, Inc. (VITL) : This food company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.5% over the last 60 days.Vital Farms’ shares gained 102.6% over the past six months compared with the S&P 500’s advance of 7.9%. The company possesses a Momentum Score  of A.AppLovin Corporation (APP) : This company that engages in building a s ...