From Nasdaq: 2024-04-01 17:58:00

AppLovin Corporation and Coinbase Global, two high-performing stocks, outperformed the Nasdaq and S&P 500 in Q1. AppLovin offers essential app-building services with AI-powered advertising and impressive growth projections. Coinbase benefits from the Bitcoin surge, becoming profitable and showing strong earnings estimates, making both stocks compelling buys for Q2.

AppLovin stock is projected to see an annual earnings increase of 153% in FY24 and another 22% in FY25, with a reasonable forward earnings multiple. Coinbase, the largest U.S. cryptocurrency exchange, also has strong earnings estimates, making both stocks attractive investments. Their YTD performances are likely to continue in Q2.

Read more at Nasdaq: 2 Intriguing Highly Ranked Stocks to Consider as Q2 Begins