Price appreciation results in capital gain, which is the prime reward that one can anticipate from investing in stocks. However, this wish may remain unfulfilled for months, even for years, if you are stuck in non-performing stock(s) or market.

Recently, bourses have been affected by inflationary pressure, the Russia-Ukraine war and labor market issues. While this served as an opportunity to grab beaten-down stocks at a lower price, buying stocks that have performed well amid the market volatility is not a bad idea if they are well-positioned to keep performing well.

Our picks for you include AppLovin Corporation APP, Climb Global Solutions, Inc. CLMB, Parsons Corporation PSN and Qifu Technology, Inc. QFIN. They have performed well in the past year and their fundamentals indicate the potential to sustain the momentum in the near term. These stocks flaunt a Zacks Rank #1 (Strong Buy) at present. Our research shows that stocks with a Zacks Rank #1 or 2 (Buy) offer attractive investment opportunities.

You can see the complete list of today’s Zacks #1 Rank stocks here.

Let us find out the factors that make these stocks attractive picks.

AppLovin: Shares of this marketing and monetization platform have skyrocketed 727.4% in the past year.

APP’s AXON 2.0, which is an AI model, drove its top line in the third quarter of 2024. Despite the slow growth rate in the in-game advertising segment, the company is positioned well to progress on the back of technological advancements.

AppLovin has been developing its e-commerce program since early 2024. The advertisers who were part of the pilot program observed a nearly 100% surge in traffic, outpacing the media channels. The company is inclined toward forming direct partnerships with a select group of advertisers to improve the capabilities of the e-commerce platform.

The Zacks Consensus Estimate for APP’s 2024 earnings is pegged at $4.1, suggesting a more than 100% year-over-year growth. Six estimates for 2024 have moved north in the past 60 days versus no southward revision, reflecting analysts’ confidence in the company.

The Zacks Consensus Estimate for 2024 earnings has risen 17.3% in the past 60 days. APP has a long-term earnings growth expectation of 20%.

AppLovin Corporation Price

AppLovin Corporation price | AppLovin Corporation Quote

Climb Global Solutions: Shares of this distribution and solutions provider have soared 114.4% in the past year.

Growth in CLMB’s adjusted gross billings in the third quarter of 2024 can be attributed to organic growth from new and existing vendors, and contributions from DSS and DataSolutions’ buyouts. An increase in organic growth from new and existing vendors in North America and Europe drove its gross profit.

CLMB operated through a robust pipeline of emerging vendors in the third quarter of 2024. It identified and partnered with innovative technologies in the market that gel with its vendor structure, mitigating IT challenges. The company’s partnership with A-LIGN ensures its channel partners have the resources to move from audit to strategic compliance effectively.

The Zacks Consensus Estimate for CLMB’s 2024 earnings is pegged at $4.1, implying 52.2% year-over-year growth. One estimate for 2024 has moved north in the past 60 days versus no southward revision.

The Zacks Consensus Estimate for 2024 earnings has risen 26.2% in the past 60 days. CLMB has a long-term earnings growth expectation of 16%.

Climb Global Solutions, Inc. Price

Climb Global Solutions, Inc. price | Climb Global Solutions, Inc. Quote

Parsons: Shares of this integrated solution and services provider in the defense, intelligence and critical infrastructure markets gained 22% in the year-to-date period.

Strength in PSN’s portfolio led to top-line growth in the third quarter of 2024. The company leveraged its strong balance sheet position to invest in software and integrated solutions, and conduct buyouts that provide defense capabilities that tackle the threats, strengthen PSN’s engineering expertise and expand in high-growth infrastructure markets.

The acquisition of BlackSignal Technology expanded Parsons’ customer base across the Department of Defense and Intelligence community, strengthened its positioning within the offensive cyber operations and electronic warfare, and added capabilities in the counter space radio frequency domain.

The Zacks Consensus Estimate for PSN’s 2024 earnings is pegged at $3.4, hinting at 40.7% year-over-year growth. Five estimates for 2024 have moved north in the past 60 days versus no southward revision.

The Zacks Consensus Estimate for 2023 earnings has increased 6.9% in the past 60 days. PSN has a long-term earnings growth expectation of 18.6%.

Parsons Corporation Price

Parsons Corporation price | Parsons Corporation Quote

Qifu Technology: Shares of this credit-tech platform provider have surged 168.1% in the year-to-date period.

QFIN’s risk management strategies delivered promising results in the third quarter of 2024 and the preceding two quarters. Over the past three quarters, its D1 delinquency rate fell and the 30-day collection rate increased.

Qifu Technology benefited from the decline in the reverse repurchase rate announced by the People’s Bank of China and reaped the benefits of a reduction in the Required Reserve Ratio. Such economic stimulus lowers the cost of lending, causing an influx of borrowers and increasing the demand for QFIN’s services.

The Zacks Consensus Estimate for QFIN 2024 earnings is pegged at $5.7, indicating 55.2% year-over-year growth. Two estimates for 2024 have moved north in the past 60 days versus one southward revision.

The Zacks Consensus Estimate for 2024 earnings has risen 12.4% in the past 60 days. QFIN has a long-term earnings growth expectation of 20.9%.

Qifu Technology, Inc. Price

Qifu Technology, Inc. price | Qifu Technology, Inc. Quote

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AppLovin Corporation (APP) : Free Stock Analysis Report

Qifu Technology, Inc. (QFIN) : Free Stock Analysis Report

Parsons Corporation (PSN) : Free Stock Analysis Report

Climb Global Solutions, Inc. (CLMB) : Free Stock Analysis Report

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