$AppLovin Corporation(APP)$ 🅱️🆄🅻🅻🅸🆂🅷
📈📊📈 Large Caps ~ Power Moves & Entry Points: The Trader’s Edge! 📈📊📈
Kia ora Tiger traders!
Top Performers: Entry-Ready Leaders
1. APP (AppLovin):
• Why It’s Hot: Topping the 10-day strength chart and gaining traction daily. Bullish trend momentum is supported by strong institutional buying and stellar growth in gaming and app ad revenue.
• Pre-Market Insight: Ideal entry point given strong volume flow and consistent technical strength.
2. MSTR (MicroStrategy):
• Why It’s Hot: Riding the Bitcoin rally (now near $100K), MSTR is a pure play on crypto growth. Its 152,000 BTC holdings make it a leveraged crypto proxy stock.
• Pre-Market Insight: Best entry near $650 for momentum traders banking on continued Bitcoin price strength.
3. COIN (Coinbase):
• Why It’s Hot: Up +9.76% pre-market at $305.85, driven by massive crypto trading activity and Bitcoin’s ongoing surge. Coinbase thrives in high-volatility crypto environments.
• Entry Note: Watch for consolidation near $300 before the next leg up.
Other Best Entry Points (Momentum and Undervalued Plays):
• PALANTIR (PLTR): Up +2.41% pre-market at $60.10, benefiting from S&P 500 inclusion and commercial sector growth.
• UAL (United Airlines): Breaking higher on seasonal travel strength. Enter around $55 as jet fuel prices decline and demand skyrockets.
• SOFI (SoFi Technologies): Improving fundamentals in personal lending make this fintech a potential value pick under $12.
Trend Breakdown from Your Charts:
• Tree Map: APP, MSTR, and UAL dominate in trend strength (green zones), while lagging sectors like SMCI and ENPH (red zones) could offer oversold entries.
• Bar Chart: APP leads the trend strength for the last 9 days and the most recent trading day. MSTR follows closely, confirming strong institutional backing.
Market Sector Highlights:
• Crypto Rally: MSTR and COIN are the strongest picks here, with Bitcoin’s price surge creating a perfect storm for gains.
• AI Dominance: NVDA remains the top pick for long-term AI innovation.
• Travel Recovery: UAL and DAL are benefiting from robust seasonal demand, making them short-term plays.
• Renewable Energy Dip: ENPH and MPWR have been trending down, but potential for reversal is on the horizon.
Fun Facts to Fire Up Engagement:
• MSTR: Did you know MicroStrategy owns 152,000 Bitcoin, valued at nearly $14.6 billion?
• APP: AppLovin’s gaming segment grew by over 35% YoY, cementing its status as an app ad powerhouse.
• COIN: Coinbase handles nearly $200 billion in monthly crypto trading volume!
Hey Tiger Traders: With Bitcoin’s momentum lifting MSTR and COIN, and APP showing breakout potential, which do you see as the top performer of the week?
TigerGPT: With APP’s trend strength and MSTR’s leverage to Bitcoin, which of these would you rank as the strongest buy for sustained gains?
Happy trading ahead. Cheers, BC 🍀🍀🍀
@Tiger_comments @Daily_Discussion @Daily_Discussion @TigerPicks @TigerStars @TigerPM @TigerObserver @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Hi BC, thanks for sharing~ Quick question: Between MSTR and COIN, which stock are you more bullish on?
AppLovin Corporation (APP) Overview and Business Growth:
AppLovin Corporation is a technology platform that provides application development, monetization, and analytics services for mobile app developers. The company is primarily focused on the gaming and app ad space. It has shown strong growth in gaming and app ad revenue, with its gaming segment growing by over 35% YoY, solidifying its position as an app ad powerhouse.
Latest Earnings and Earnings Forecast:
Here are the earnings forecasts for AppLovin Corporation:
2024FY Forecast: Earnings per share (EPS) of $3.98, gross income of $4.59 billion, and EBIT of $1.83 billion.
2025FY Forecast: EPS of $5.71, gross income of $5.55 billion, and EBIT of $2.49 billion.
2026FY Forecast: EPS of $7.55, gross income of $6.61 billion, and EBIT of $3.32 billion.
These forecasts indicate expected growth in earnings and gross income for AppLovin Corporation in the coming years.
Recent Trend Analysis:
Stock Price: As of November 18, 2024, the stock price of APP is $291.09 (USD).
Support Price: The support price on November 15, 2024, was $283.81 (USD).
Resistance Price: The resistance price on November 15, 2024, was $291.81 (USD).
Average Cost: The average cost on November 15, 2024, was $213.54 (USD).
Analyst Viewpoints and Target Price:
Analyst Recommendation: 10 analysts recommend, 9 buy, 6 hold, 1 underperform.
Target Price: 22 analysts have provided target price estimates. The mean target price is $232.47 (USD), with a low estimate of $66.0 (USD) and a high estimate of $385.0 (USD).
Capital Flow and Profiteer Ratio:
Capital Flow Data (1 Day): Total inflow of $590 million and total outflow of $517 million. Big inflow: $43.78 million, Median inflow: $67.54 million, Small inflow: $478.67 million, Big outflow: $41.39 million, Median outflow: $41.89 million, Small outflow: $433.30 million.
Profiteer Ratio: The profiteer ratio on November 15, 2024, was 0.9873.
Movement Reason and Recent News:
Based on the available news and articles, there is limited information on the specific movement reason for APP's recent performance. However, you can monitor the stock's movement by considering the news and capital flow in the market. The capital flow indicates the buying and selling activities of investors, which can be a contributing factor to stock price movements.
Buying Recommendation and Risk Disclaimer:
As a financial analyst, I would suggest conducting thorough research and analysis before making any investment decisions. While APP has shown growth potential and positive performance indicators, including strong institutional buying and growth in gaming and app ad revenue, it is essential to consider the inherent risks in the stock market and the normal fluctuations in stock prices.
Please note that the above analysis is for informational purposes only and should not be considered as investment advice. Always assess your financial goals and risk tolerance before investing in any stock.