Milan Markovic/E+ via Getty Images Investment Thesis AppLovin Corporation (NASDAQ:APP) will report its Q2 2024 results next Wednesday, after hours. And I believe we'll see $110 per share in the not-too-distant future. Here, I discuss both the bullish and bearish aspects. I lay out all the negative aspects facing the business, so you can make up your mind, whether this makes as much sense to you as it does to me. In short, this is my contention, paying 13x next year's free cash flow for AppLovin is a ste ...

In its upcoming report, AppLovin (APP) is predicted by Wall Street analysts to post quarterly earnings of $0.74 per share, reflecting an increase of 236.4% compared to the same period last year. Revenues are forecasted to be $1.08 billion, representing a year-over-year increase of 43.8%.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company anno ...

AppLovin (APP) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on August 7, 2024, might help the stock move higher if these key numbers are better than expecta ...

AppLovin (APP) closed the most recent trading day at $76.85, moving -0.88% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. Elsewhere, the Dow saw a downswing of 0.12%, while the tech-heavy Nasdaq appreciated by 0.07%.Shares of the mobile app technology company witnessed a loss of 6.84% over the previous month, trailing the performance of the Business Services sector with its loss of 0.96% and the S&P 500's loss of 0.21%.Analysts and inves ...

Adweek recently published sponsored content on digital tracking and cookies. If you follow tech stocks and the advertising business, there aren’t many other topics that garner so much interest. Written by Epsilon VP of Product Management Tyler McDaniel, the headline said it all: If You Want to Future-Proof Your Brand, You Gotta Drop the Cookie.Epsilon, if you’re unfamiliar, is a marketing and advertising solutions provider. It helps brands use data and technology to get closer to their customers. It’s owned ...

In the latest trading session, AppLovin (APP) closed at $83.24, marking a +1.76% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 1.08%. Meanwhile, the Dow gained 0.32%, and the Nasdaq, a tech-heavy index, added 1.58%.The the stock of mobile app technology company has risen by 4.1% in the past month, leading the Business Services sector's loss of 3.28% and the S&P 500's gain of 0.43%.The investment community will be paying close attention to the earnings perfo ...

Tech stocks have been roaring in recent years and have provided investors with fantastic rates of returns. Over this past year, the benchmark fund tracking the technology sector, The Technology Select Sector SPDR Fund (NYSEARCA:XLK), has increased by 25%, while the S&P 500 has only grown by 21%.The technology industry has experienced rapid growth, and many of the top tech stocks with massive market caps, such as Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA) and Apple (NASDAQ:AAPL), have grown very quickly. ...

Operator to continue community investment throughout the DMV  Click here to download creative assetsWASHINGTON, July 17, 2024 /PRNewswire/ -- BetMGM, a leading iGaming and sports betting operator, today launched mobile sports betting operations across Washington, D.C. Previously accessible within only a two-block radius of the sportsbook's location at Nationals Park, sports fans district-wide now have access to the BetMGM sports wagering experience along with rewards tied to both MGM Resorts and Marriott Bo ...

A list of the top stocks to buy early can lead to significant investment opportunities. Here, the focus is on three compelling stocks poised for accelerated growth. Each company stands out not only for its recent financial performance but also for strategic initiatives that position them for future success. One of these companies, a leader in mobile gaming technology, has expanded its footprint into broader digital marketing with its platform, driving substantial revenue growth and profitability. The second ...

If you're wondering why I always talk about momentum, take a look at the chart below. It shows how the momentum factor has clearly been the winner this year compared to several other factor investing methods.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, ...