Momentum Alert: 3 Top Ranked Stocks Leading the Market (APP, STEP, VST) [Yahoo! Finance]
Applovin Corporation - Class A (APP)
Company Research
Source: Yahoo! Finance
The blue line represents the S&P 500, which has delivered a 16% year-to-date return. The orange line depicts the momentum factor (MTUM), which has outperformed the S&P 500 by 10% so far this year. Notably, both high-dividend (IWD) and value (VYM) strategies have significantly underperformed the market, as shown below the index line. In yellow, we can see that the growth factor (IWF) has also been a winner this year. Image Source: TradingView One Problem with Momentum and How to Avoid it Sometimes, when you screen for momentum stocks, you find companies that are rocketing higher, but have one minor problem – they're just too expensive. One of the stocks that originally showed up on this screener was Cava Group, Inc. CAVA ). The stock and company are on fire and has been of the best performing stocks in the market. However, it carries an uber premium valuation around 270x forward earnings and 10x forward sales. I am not saying you shouldn't buy it, but for me that leaves too
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News
- Why the Market Dipped But AppLovin (APP) Gained Today [Yahoo! Finance]Yahoo! Finance
- Adjust Finds 119% YoY Revenue Increase In Finance Apps Globally, Indicating Sustained Sector Growth Through 2024 [Yahoo! Finance]Yahoo! Finance
- Adjust Finds 119% YoY Revenue Increase In Finance Apps Globally, Indicating Sustained Sector Growth Through 2024Business Wire
- Does AppLovin (APP) Have a Promising Market Potential? [Yahoo! Finance]Yahoo! Finance
- Why the Market Dipped But AppLovin (APP) Gained Today [Yahoo! Finance]Yahoo! Finance
APP
Earnings
- 5/8/24 - Beat
APP
Sec Filings
- 6/20/24 - Form 4
- 6/20/24 - Form 4
- 6/18/24 - Form 144
- APP's page on the SEC website