The breakout in shares of AppLovin (APP) may continue after the stock gained 7.62% on Tuesday. The stock traded at around $150 before its last earnings report and closed at $366.55.
APP stock is up after the firm refinanced its debt, which will mature in 2028 and 200. The notes will pay between 5.125% and 5.95%. The issuance will improve the firm’s balance sheet. Investors may also consider Trade Desk (TTD) in the advertising platform space.
Palantir (PLTR) added 6.88% in Tuesday’s trade. It could be Wednesday’s winner after markets priced in the news of its latest authorization. On December 3, the firm announced that FedRAMP granted it the FedRAMP High Authorization for its Palantir Federal Cloud Service and the Supporting Services products.
Axon Enterprise (AXON) broke out to a new high and has the momentum to rise further today. Morgan Stanley Upgraded AXON stock to Overweight, up from Equal Weight. Analysts believe that AI will accelerate sales of Taser devices and body cams used in law enforcement.
Software usually has higher profit margins, so Axon’s inclusion of AI software would result in a 25% to 30% growth rate.
