APLT Overview

Stock Performance: Applied Therapeutics Inc. (APLT) shares have dropped 46.8% over the past week, but a hammer chart pattern suggests potential support and a possible trend reversal.

Technical Analysis: The hammer pattern indicates that selling pressure may be exhausting, and if it appears at the bottom of a downtrend, it signals that bears might be losing control.

Earnings Outlook: Recent upward revisions in earnings estimates, with a 1.9% increase in the consensus EPS estimate, indicate that analysts expect better performance from APLT, enhancing its bullish prospects.

Zacks Rank: APLT holds a Zacks Rank of #2 (Buy), placing it in the top 20% of stocks based on earnings estimate trends, which historically correlates with positive stock performance.

U.S. Stock Market Performance: U.S. stocks declined, with the Nasdaq Composite dropping over 350 points, while the Dow and S&P 500 also experienced losses of 0.45% and 1.04%, respectively.

Broadcom's Strong Earnings: Broadcom Inc. reported fourth-quarter revenue of $18.02 billion, exceeding expectations, and announced a 10% increase in its quarterly cash dividend.

Notable Stock Movements: cbdMD Inc. shares surged 126% after compliance news, while Canopy Growth Corp. rose 38% on potential regulatory changes. Conversely, Applied Therapeutics Inc. fell 44% following acquisition news.

Global Market Trends: European shares declined, with the eurozone's STOXX 600 down 0.53%, while Asian markets closed higher, led by Japan's Nikkei gaining 1.37%.

Market Performance: U.S. stocks showed mixed results, with the Dow Jones gaining 0.24% while the NASDAQ and S&P 500 fell by 0.34% and 0.13%, respectively.

Lululemon's Strong Earnings: Lululemon Athletica reported better-than-expected third-quarter earnings of $2.59 per share, surpassing estimates, and raised its full-year guidance.

Notable Stock Movements: cbdMD Inc shares surged 101% after compliance news, while Applied Therapeutics Inc saw a 48% drop following acquisition plans.

Global Market Trends: European and Asian markets closed higher, with the eurozone's STOXX 600 up 0.2% and Japan's Nikkei gaining 1.37%.