Latest news with #APP
Globe and Mail
6 hours ago
- Business
- Globe and Mail
Prediction: 2 Monster Growth Stocks Will Be Worth More Than Palantir Technologies by 2030
Palantir Technologies (NASDAQ: PLTR) stock has advanced 450% in the past year, and its $330 billion market value makes its one of the 30 most valuable public companies in the world. But I think AppLovin (NASDAQ: APP) and MercadoLibre (NASDAQ: MELI) can top that figure in four years or less. Here's what that would mean for shareholders: Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » AppLovin is worth $117 billion. The stock must increase 183% for its market value to hit $331 billion. MercadoLibre is worth $122 billion. The stock must increase 171% for its market value to hit $331 billion. Importantly, both stocks have topped those thresholds in the past. In the last three years, AppLovin and MercadoLibre shares advanced 925% and 275%, respectively. But these monster growth stocks can keep climbing higher. Here's why. AppLovin could top Palantir's current market value in three years AppLovin develops adtech software that helps developers market and monetize their applications across mobile and connected TV campaigns. Most advertising on its platform has traditionally focused on video games, but the company is attracting a broader variety of brands with its new e-commerce advertising product. AppLovin put a great deal of effort into building its Axon recommendation engine. It began acquiring game studios years ago to train the underlying machine learning models that optimize targeting, and the company has since released two major updates. The end result? Axon is superior to other campaign targeting engines as measured by return on ad spend, according to Morgan Stanley. AppLovin reported excellent first-quarter financial results. Total revenue increased 40% to $1.4 billion, as strong sales growth in the advertising segment offset a decline in the mobile games segment. Meanwhile, generally accepted accounting principles (GAAP) earnings climbed 149% to $1.67 per diluted share. And management guided for 69% advertising sales growth in the second quarter. Importantly, CEO Adam Foroughi recently discussed the success of its new e-commerce advertising product. He told analysts, "This opens up a massive opportunity, as there are over 10 million businesses who advertise online that could eventually use our platform profitably. By delivering incremental value, we position ourselves as an engine for growth." Wall Street expects AppLovin's earnings to increase at 49% annually over the next three to five years. That makes the current valuation of 62 times earnings look reasonable. Also, if the company maintains that pace for three years, its market value can hit $331 billion, while its price-to-earnings multiple falls to 54. AppLovin has carved out a strong presence in the adtech space due to its Axon recommendation engine. The company could surpass Palantir's current market value within three years, so patient investors should consider purchasing a small position in this monster growth stock today. MercadoLibre could top Palantir's current market value in four years MercadoLibre operates the largest online marketplace in Latin America. The company has consistently gained market share during the last three years, and that trend is expected to continue. One reason for that success is a network effect, whereby the platform becomes increasingly attractive to shoppers as more sellers list products, and increasingly attractive to sellers as more shoppers participate. MercadoLibre has reinforced and accelerated that network effect with adjacent solutions for fulfillment, advertising, financing, and payments. The company has built the fastest and most extensive delivery network in Latin America. It is the largest retail media advertiser in the region. And it owns the largest fintech platform in Argentina, Chile, and Mexico, and the second-largest in Brazil. MercadoLibre reported strong financial results in the first quarter. Revenue jumped 37% to $5.9 billion on especially strong sales growth in the fintech segment, which itself was due to adoption of credit cards, financing, and asset management products. Meanwhile, profit margin improved modestly, and GAAP net income increased 44% to $9.74 per diluted share. Wall Street estimates MercadoLibre's earnings will increase at 30% annually over the next three to five years. That makes the current valuation of 59 times earnings look reasonable. And if the company maintains that growth rate during the next four years, its market value can hit $331 billion, while its price-to-earnings multiple falls to 57. MercadoLibre enjoys a strong position in multiple growing markets, and the company could exceed what Palantir is worth today within four years. Regardless, patient investors should feel good about buying a few shares today. Should you invest $1,000 in AppLovin right now? Before you buy stock in AppLovin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and AppLovin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor 's total average return is995% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
Global News
12 hours ago
- Business
- Global News
United Conservative Party releases CPP survey results 21 months late
It's taken nearly two years for the province to release results from a survey that asked Albertans if they wanted an Alberta Pension Plan (APP). The survey showed 63 per cent of respondents were opposed to an APP, while only 10 per cent were in support. More recent polling from Leger in February found 55 per cent of Albertan's opposed an Alberta Pension Plan. A May 2025 poll from Janet Brown found 55 per cent of Albertans were in support of the APP if there were more details. In May, Alberta Premier Danielle Smith said, 'I am seeing the results you are, I am not seeing that there is an appetite to put it to the people at the moment.' Duane Bratt, a political science professor at Mount Royal University, says the Janet Brown poll, commissioned by the government of Alberta, has interesting results with the number of people waiting for more information. Story continues below advertisement He adds people wanted answers to questions. 'Like, what is the amount that Alberta Pension Plan would start with? What would be the contribution rates? What would be the benefit rates? What would be the mobility between provinces? All of those sorts of questions haven't been answered,' said Bratt. 1:56 Alberta finance minister says he has not 'flip-flopped' on proposed pension change Bratt says the survey was not fair because it asked questions that assumed the respondent wanted an Alberta Pension Plan. 'The question itself was, would you want to leave the CPP if you had the exact same program. In the absence of any details, how do you know that that's the exact same program,' said Bratt. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy He adds the survey results are no longer accurate but the delay of the release of the results shows a lack of transparency from the provincial government. 'The bigger story is how and why the government of Alberta refused to hand over public survey data that they encouraged Albertans to fill out. They went to extreme measures to block it, because they realized it was going to embarrass them. They believed that this was a neutral process to just explore the idea of leaving the Canadian pension plan, but it wasn't,' said Bratt. Story continues below advertisement The province says they will continue to talk with Albertans on this topic and says nothing will change unless Albertans approve a new pension plan in a referendum. Bratt says by itself, majority of Albertans are against the province pulling out of CPP and creating the APP. He adds that he expects to see several referendum questions about Alberta's independence. Those might include questions on the APP, an Alberta police force, and Alberta independence. 'I think what the government is hoping for is maybe people might not want to separate, but they still want to send a message to Ottawa,' said Bratt.
Arab News
a day ago
- Politics
- Arab News
Pakistan prepares for early rollout of Hajj 2026 registration
ISLAMABAD: Pakistan's Ministry of Religious Affairs is finalizing preparations to launch early registration for both private and government Hajj 2026 schemes to streamline the pilgrimage process, state media reported on Wednesday. The move follows a directive from Saudi Arabia's Ministry of Hajj and Umrah to begin preparations for Hajj 2026 well in advance. This year's Hajj pilgrimage took place from June 4 to June 9, drawing millions of worshippers to Islam's holiest sites in Saudi Arabia. Pakistan sent more than 115,000 pilgrims under both government and private schemes. 'The Ministry of Religious Affairs and Interfaith Harmony is finalizing preparations to begin early registration for Hajj 2026 within the next few days,' the Associated Press of Pakistan (APP) said. It added that advance registration would be mandatory for all intending pilgrims under both the government and private schemes and applicants would have to submit a specified token amount with their registration forms, which would later be adjusted against the total Hajj package cost. Only designated banks will be authorized to handle registrations, which will be a prerequisite for eligibility under the Hajj 2026 program, APP said. Pilgrims will be able to choose between the government and private Hajj schemes after completing the initial registration process. Individuals who missed this year's Hajj under the private scheme must complete a fresh registration to be eligible for Hajj 2026, according to the APP report. 'The registration data will be shared with the Saudi authorities, who will use it to allocate Pakistan's official Hajj quota,' APP said. A formal advertisement detailing the registration procedure and eligibility requirements will be issued in the coming days. Pakistan's Director General Hajj, Abdul Wahab Soomro, said this week the government would strive to make next year's pilgrimage 'even better' for pilgrims, with improved facilities, especially for the elderly. Pakistan began its post-Hajj flight operations on June 11 with the arrival of a Pakistan International Airlines flight, PK-732, in Islamabad carrying 307 pilgrims. The flights are expected to conclude by July 10. According to the Ministry of Religious Affairs, more than 11,400 pilgrims, including around 3,000 from Madinah, have returned to Pakistan so far.
Calgary Herald
2 days ago
- Business
- Calgary Herald
Alberta releases its pension survey results, 63% opposed to leaving CPP
After a more than 21-month wait, the Alberta government has released to Postmedia the results of its 2023 provincial pension plan engagement survey, which show nearly two-thirds of respondents were opposed to leaving the Canada Pension Plan (CPP). Article content Postmedia first filed a request for responses from the survey a week after it opened in September of 2023, and followed up with multiple further requests in the following months, all of which produced either no records or records that were entirely redacted. Article content Article content Article content Last December, the Office of the Information and Privacy Commissioner opened reviews into the government's response to three requests: one seeking a summary of the survey results, a second looking for copies of the open-answer questions in the survey, and a third for completed copies of the pension workbook that was distributed in late 2023. Article content Article content According to that summary, 63 per cent of respondents were opposed to an Alberta pension plan (APP), 10 per cent were in favour of an APP, and 12 per cent were undecided or unsure. Article content The remaining 15 per cent were other forms of responses, including questions about implementation, suggestions for other alternatives, non-answers, and incomplete responses. Article content Article content More than 94,000 Albertans completed the survey between its opening on Sept. 21, 2023, and its conclusion on Dec. 10, 2023. Article content Article content The government issued a statement to Postmedia following the release of the results. Article content 'While recent surveys on an APP show public opinion may be shifting, we will continue to engage with Albertans on this topic through the Alberta Next panel. The Alberta Pension Protection Act guarantees we won't replace the CPP with an Alberta Pension Plan unless Albertans approve it in a referendum.' Article content Polls from Leger in August and again last February both showed around 23 per cent support for leaving the CPP. Article content A government-commissioned survey by respected pollster Janet Brown found that 55 per cent of those who had made up their minds on the issue were in favour of a provincial pension plan if it 'guaranteed all Alberta seniors the same or better benefits' than the existing federal plan.
ITV News
2 days ago
- Politics
- ITV News
Harry Dunn: Disgraced police chief hampered investigation into teenager's death, report finds
A disgraced ex-chief constable had a 'detrimental' impact on the investigation into the death of Harry Dunn – including making erroneous media statements and causing a breakdown in relations with his family, a review has concluded. The report said Nick Adderley, who was sacked in June last year after lying about serving in the Falklands War, was reprimanded by the Foreign Office for making inaccurate comments about suspect Anne Sacoolas's immunity status after she had left the UK. Sacoolas eventually pleaded guilty to causing death by careless driving via video link at the Old Bailey following three years of the Dunn family campaigning for justice, after she was able to leave the UK when diplomatic immunity was asserted on her behalf. The independent review, published on Wednesday, concluded that there was a 'lack of co-ordination and adherence to APP (professional standards guidance)' under Mr Adderley's leadership. The report said: 'The review found that while the investigation was well handled, elements of senior leadership were not. 'The was a lack of co-ordination and adherence to APP. 'There were clearly significant efforts being made to deal with the challenges that this unique set of circumstances presented, but the lack of clarity defined Gold group strategy, and co-ordination of all stakeholders has meant that at times, areas of business were acting independently of one another.' The review continued: 'This is evidenced during an interview when Chief Constable Adderley suggested that Anne Sacoolas could make decisions around waiving her diplomatic status, which she couldn't. 'According to the FCO (Foreign Office), diplomatic immunity belongs to the sending state. 'This prompted the FCO to contact Northamptonshire Police and request CC Adderley did not repeat erroneous statements. 'There were also discrepancies within CC Adderley's press conference on 22 October 2019. 'Within the conference, information was provided to the national press which was inaccurate. 'The information was never sent to the SIO [senior investigating officer] for fact-checking prior to release. 'There was also a lack of appropriate recording and associated documentation in relation to high-level meetings such as minutes, strategy, tasking and action logs.' Harry's mother, Charlotte Charles, told the PA news agency she remained 'angry' at Adderley for the way her family was treated during the investigation. The review said the breakdown in relations between the Dunn family and the force because of Mr Adderley's actions was 'avoidable'. It highlighted incidents such as a tweet from the disgraced ex-police chief, which showed him react to the family's intentions to sue Sacoolas in the US by saying: 'How sad but how predictable.' The report continued: 'It would be remiss of the review not to highlight some of the difficulties faced by the SIO and investigation team as a direct result of the activities of CC Adderley.' It said a strategy to implement a fresh family liaison policy was 'rendered almost redundant' by Adderley after he elected to speak and provide information to family spokesman Radd Seiger on X without informing the SIO. The review said: 'This placed the SIO and investigation team in an unenviable position as they sought to regain the trust of the family. 'There were multiple areas of direct involvement from CC Adderley which had a detrimental impact on the SIO and investigation team's efforts to rebuild trust and confidence.' It added: 'The review also found that any Gold group structure implemented by CC Adderley was not fit for purpose, not in line with APP, and ultimately was a significant contributing factor in the loss of confidence in Northamptonshire Police from Harry Dunn's family.'
