A handful of stocks that are aided by momentum, bullish sentiment and robust buyback activity could help investors navigate the rest of September and any storms that blow in October. September has traditionally been the worst month of the year for the S & P 500 going back to 1950, according to data from the Stock Trader's Almanac. The broad market index has averaged a 0.7% loss every September. The three major averages kicked off September on a downbeat.
As catalysts, the bank cited improving visibility into medium-term revenue growth, a supportive valuation and potential opportunities in gaming and e-commerce. While Wall Street is overwhelmingly bullish on the name, consensus price targets are calling for downside of about 15% from current levels, according to LSEG. Still, one firm, BTIG has a $150 price target on AppLovin, the highest among analysts polled by FactSet.
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