What Did Jim Cramer Say About These 19 Stocks Recently?

Page 10 of 19

10. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 95

A caller inquired about AppLovin (NASDAQ:APP), a software company specializing in mobile app monetization. Cramer acknowledged its strong cash flow but kept his reservations, saying this:

“AppLovin, this is one of the greatest momentum stocks of all time, and they did deliver huge cash flow at the end of the year. I think the stock can bounce, but I’m not going to go out there and be real bullish because any stock that can be cut in half that quickly is not a stock I want our people in.”

AppLovin Corporation (NASDAQ:APP) is a software company that enables businesses to run advertisements on non-linear mediums such as video games. It’s been one of the best-performing stocks on Wall Street, as the shares have gained over 426% in 2024. AppLovin Corporation (NASDAQ:APP)’s stock jumped by 73% in November after the firm grew its Q3 profit by a whopping 300% to $434 million. However, the stock is now down by 20% year-to-date following short seller claims of fraudulent practices.

Page 10 of 19