22 Stocks on Jim Cramer’s Radar Recently

2. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 109

AppLovin Corporation (NASDAQ:APP) is one of the stocks on Jim Cramer’s radar recently. A caller asked if Cramer sees the stock returning to its high, and he replied:

“Yes, I do. AppLovin is loved apping, that’s the way I feel about it. AppLovin and Palantir, they almost trade together. You can’t miss them. AppLovin is a winner.”

AppLovin Corporation (NASDAQ:APP) provides a software platform that helps advertisers optimize marketing and monetization of digital content. While discussing noteworthy stocks of Q3 during the October 1 episode, Cramer mentioned the company and commented:

“The best performing S&P 500 stock from the third quarter is one that seems unstoppable, and that stock is AppLovin. This stock’s a quandary because it’s far from a household name. AppLovin’s a mobile technology company that helps app developers make money by selling advertising space within their apps.

The stock rallied 105% in the third quarter alone. It’s been an extraordinary performer that remains relatively unknown because it’s not consumer-facing. We just don’t see it. I would not bet against this AppLovin stock, even as it’s been the target of short sellers who have been run over by the buyers, and I think it’s going to stay that way.”