If anyone needed proof that artificial intelligence was more than a passing fad on Wall Street, they got it in 2024.  For a second consecutive year, AI was the phrase on everybody’s lips. The number of companies mentioning “AI” on earnings calls continued to rise after skyrocketing last year. And investors continued to drive up the shares of companies that are already benefiting from AI or are expected to soon: Of the five best-performing stocks in the Russell 1000, three could attribute their meteoric ris ...

In this articleAPPMSTRPLTRHOODNVDAJensen Huang, co-founder and CEO of Nvidia Corp., holds up the company's AI accelerator chips for data centers as he speaks during the Nvidia AI Summit Japan in Tokyo on Nov. 13, 2024.Akio Kon | Bloomberg | Getty ImagesArtificial intelligence is still an abstract concept for many everyday consumers unsure about how it will change their lives. But there's no question about whether businesses are finding value in it.Some of the biggest winners in this year's stock market rall ...

AppLovin (APP) closed the latest trading day at $344.82, indicating a +1.12% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.73% for the day. Meanwhile, the Dow gained 0.16%, and the Nasdaq, a tech-heavy index, added 0.98%.The the stock of mobile app technology company has risen by 2.3% in the past month, leading the Business Services sector's gain of 0.33% and the S&P 500's gain of 0.34%.The investment community will be closely monitoring the performance ...

Price appreciation results in capital gain, which is the prime reward that one can anticipate from investing in stocks. However, this wish may remain unfulfilled for months, even for years, if you are stuck in non-performing stock(s) or market.Recently, bourses have been affected by inflationary pressure, the Russia-Ukraine war and labor market issues. While this served as an opportunity to grab beaten-down stocks at a lower price, buying stocks that have performed well amid the market volatility is not a b ...

Group 1: S&P 500 Index Criteria and Importance - The S&P 500 index includes 500 top U.S. large-cap stocks, requiring companies to be U.S.-based, profitable on a GAAP basis over the last four quarters, and have a market cap generally above $10 billion [1] - Stocks added to the S&P 500 typically experience a price jump due to the mandatory purchases by ETFs that track the index, with the Vanguard S&P 500 ETF managing over $1 trillion in assets [13][8] - The S&P 500 is considered a better reflection of the overall market compared to other indexes like the Dow Jones Industrial Average [14] Group 2: AppLovin's Performance and Growth - AppLovin's software platform, particularly its AppDiscovery marketing software, is a primary growth driver, contributing over two-thirds of its revenue in the quarter [2] - AppLovin's market cap has surged to $107 billion, positioning it among the top 100 S&P 500 companies by market cap, with a year-to-date stock increase of 700% [12][16] - The company has shown significant growth, with revenue jumping 39% in the third quarter to $1.2 billion and net income increasing 300% to $434 million [9] Group 3: The Trade Desk's Growth and Market Position - The Trade Desk has established itself as a leading independent demand-side platform in adtech, with a revenue increase of 27% in its third-quarter earnings report and a GAAP net income jump of 141% to $94 million [6][5] - The Trade Desk has maintained high customer satisfaction with a retention rate of at least 95% over the last decade, and it continues to innovate with new products like the Kokai AI platform [6] - With a market cap of $62.3 billion, The Trade Desk is well-positioned to join the S&P 500, reflecting its solid growth and profitability [7]

The blockchain-powered cryptocurrency, Bitcoin, has expanded at a rapid pace over the past month, setting the tone for a year-end rally. Bitcoin’s price crossed $100,000 twice in the past week, thanks to an upbeat investor sentiment, following Donald Trump’s win in the U.S. Presidential election in early November.Bitcoin is now on track to reach new heights in 2025, given the optimistic outlook under Trump’s regime. Alongside Bitcoin, other leading cryptocurrencies have experienced substantial gains. Ethere ...

Advertising is an age-old industry that is growing at a brisk pace to this day. GroupM, a market intelligence firm, projects global ad revenues will rise by nearly 10% in 2024. Moreover, it predicts that total revenue will eclipse the $1 trillion mark this year. A key factor contributing to the strong growth of this mature industry is innovation. The use of AI is the success story of 2024 in advertising. Below, I’ll detail three stocks implementing AI that investors can use to take advantage of this trillio ...

Wall Street has fallen in love with the mobile adtech and gaming company AppLovin.AppLovin's recent push into e-commerce sent its market valuation over the $100 billion milestone.Some ad industry insiders question the sustainability of its run, however.Shares in the mobile ads and gaming company AppLovin have been running wild — and advertising industry insiders have a lot of questions.Advertisement AppLovin entered the Nasdaq 100 in November, with its market value surpassing the $100 billion milestone and ...

Market Overview - The Magnificent 7 stocks drove the S&P 500's performance in 2023, with a 25% return, while the median return for the S&P 500 was negative 16% [3] - In 2024, the market saw a rotation from the Magnificent 7 to value and small-cap stocks, with utilities and consumer staples performing well [4] - The market experienced volatility in August, with the VIX hitting 60, but stabilized as investors anticipated Fed rate cuts [4] - The market normalized post-August, with a focus on fundamentals and a broadening participation across sectors [4] Top 10 Stocks of 2024 - AppLovin (APP) was the top performer, up 907% YTD, followed by Celestica (CLS) up 223%, Modine Manufacturing (MOD) up 134%, and Rolls-Royce (RYCEY) up 95% [4] - Meta (META) returned 76%, Abercrombie & Fitch (ANF) returned 71.5%, Banca Intesa (ISNPY) returned 51%, and GigaCloud Technology (GCT) returned 21% [4] - M/I Homes (MHO) returned 15.7%, while Dorian (LPG) was the only underperformer, down 42% [4] - The top 10 stocks collectively returned 155.7%, outperforming the S&P 500's 27% return [4] Quant Methodology - The quantitative process evaluates stocks based on value, growth, profitability, momentum, and EPS revisions, using over 100 metrics [4] - Stocks are rated as Strong Buy, Buy, Hold, or Sell, with daily updates to reflect the latest data [4] - The system compares each stock's metrics to its sector, providing a relative strength assessment [4] Magnificent 7 and Mega Tech Stocks - The Magnificent 7 stocks, including Meta, Tesla, NVIDIA, and Google, have seen strong growth but face valuation challenges [7][8] - Forward growth rates for these stocks are lower than their year-over-year growth rates, indicating potential slowing momentum [7][8] - Apple is the only mega tech stock with a forward growth rate higher than its year-over-year growth rate [8] Future Market Outlook - The market is expected to broaden in 2025, with small-cap, industrial, and consumer discretionary stocks likely to perform well [9] - Equal-weight S&P 500 (RSP) is seen as more attractive for 2025 due to reduced concentration risk in mega tech stocks [9] - The Quant system's Alpha Picks product has delivered a 178% return since inception, outperforming the S&P 500's 60% return [10]

The United States emerged as a leader among major developed economies in 2024, achieving the strongest recovery from the COVID-19 pandemic. Annual inflation is nearing the Federal Reserve’s target without a recession. Non-managerial real wages have surpassed pre-pandemic trends, consumer spending continues to outpace expectations, and factory investments have touched record highs.The Fed implemented two rate cuts earlier this year and is expected to announce a third reduction this week. Rate cuts have contr ...