A 6-Day Winning Streak Has AppLovin Stock Up 79%

AppLovin (APP) stock has risen for 6 consecutive trading days, gaining 79.4% over that stretch. That added about $60.6 billion to the company's market value, which now stands at about $136.8 billion. The stock closed at $410.00 on Monday, November 9, 44.1% below its 52-week high of $733.60 and 79.4% above its low of $228.50.

The Streak Next To The S&P 500

Returns for APP and the S&P 500 over the streak and the periods around it, all ending Monday, November 9 and including dividends:

A Stock-Specific Run, Or A Market Move?

Over the same 6 trading days, the S&P 500 returned -0.4% including dividends, so the run is mostly AppLovin's own story rather than the market's. 3 other S&P 500 stocks are currently on winning streaks of 6 days or longer. Over the past three months the stock is up 28.7%, a window that includes the streak; over the other 57 sessions of that window it was down 28.3%.

What The Numbers Say About The Rally

On the fundamentals, revenue grew 57.8% over the last twelve months, against a median of 9.0% for S&P 500 Communication Services stocks; its operating margin is 77.8%, versus a median of 20.9%; and the stock trades at 27.3 times trailing earnings against a median of 17.9. The business gives the rally real support, with revenue growth above the median and margins above the median.

If you are looking for strength with more behind it than a hot tape, our Guidance Momentum screen surfaces the names where management raised its own outlook.

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Momentum Is A Tailwind, Not A Plan

Riding a stock that rises every day feels effortless, and that is precisely the danger: the same momentum that built this run can reverse without notice, and one name's reversal should never be able to reset your whole year.

That is what the Trefis High Quality (HQ) Portfolio is for: about 30 quality businesses screened for the fundamentals that survive momentum's mood swings, held with rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Watch the runs; own the resilience.