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- 📈 $CRWD - 16% Potential Upside?
📈 $CRWD - 16% Potential Upside?
CrowdStrike's explosive growth and innovative AI-driven cybersecurity solutions make it a top pick in the thriving cybersecurity sector. 📈🔒
Top of the morning everyone!
Featured Stock of the Week
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CRWD: CRWD $342.35
CrowdStrike (CRWD) is crushing it. 📈 The cybersecurity stock is up 27% in 2024 alone, despite a brief April dip.
CRWD has been impressing the market since it went public on the NASDAQ in 2019.
So, what's the secret behind CrowdStrike's success? Let's take a closer look and see what's fueling its growth. 🔍🚀
Increasing Cybersecurity Demand
In the post-pandemic era, data breaches have surged by 75% in 2023 alone. CrowdStrike (CRWD) has emerged as a leading cybersecurity solution, protecting businesses of all sizes since its debut as a top malware hunter in 2013. Over the past eleven years, CRWD has grown into a compelling investment opportunity for traders. Despite some initial volatility, CrowdStrike's AI assistant is now showing steady growth and stability. The tool has even caught the attention of tech giants, with Microsoft integrating it into Defender and Google Cloud using it to bolster their advanced threat detection capabilities. Additional Reading |  |
Excellent Rating
CrowdStrike's impressive growth has stunned even the most experienced analysts, as this company continues to exceed expectations. With a remarkable IBD composite rating of 97, CRWD stands out as a top performer in the eyes of seasoned investors. Despite its swift ascent on the NASDAQ and a B- accumulation/distribution rating, which indicates neutral institutional buying/selling, CrowdStrike maintains an excellent overall rating. On a scale from A+ (heavy buying) to E (heavy selling), CRWD's position suggests it is a cybersecurity stock that investors will be glad they bought in 2024, especially when looking back five years from now. Additional Reading |  |
Generative AI Tool
CrowdStrike employs cutting-edge technology to deliver a robust cybersecurity solution. It uses a specialized database and machine learning features to watch out for the latest cybersecurity threats that could financially jeopardize an organization. CRWD's predictive models outperform other cybersecurity software in detecting spam and fraud. With generative AI, it can autonomously create text, images, videos, and even code.These features are enough to justify CrowdStrike's position as a quality investment opportunity for traders. In short, CRWD's strong technology and growth potential might outweigh recent adjustments, but carefully research internal issues before investing. Additional Reading |  |
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Major Market News
Source: Midjourney
Monday, May 27 – Availability of company stock market enthusiasts after the CFO sold a lion's share recently
What: The CFO of CrowdStrike sold more than 4 million USD in company stock between May 20 and May 2021, while the price for each share shifted between $348 and $349.
Impact: Class A common stock in CRWD worth over four million dollars is now available for keen investors nationwide.
Source: Investing
Tuesday, May 28 – The speech Loretta Mester, Cleveland Fed President, in Japan
What: Studying the divergence in interest rates between USD and JPY as Japan's national CPI (consumer price index) gets the spotlight again.
Impact: Financial experts see signs of cooling inflation, and Loretta Mester, along with other Fed Presidents, believe that the central bank mustn't stop increasing interest rates to continue the progress on inflation.
Source: FX Street
Thursday, May 30 – Initial jobless claims will grow to 218,000
What: Initial jobless claims, which were around 215,000 by May 25, will become 218,000 by May 30, as per financial estimates.
Impact: A constantly increasing cost of living will remain a significant concern for investors
Source: US Government
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A note that Underwriter and this newsletter is not investing or trading advice. These are stocks and information we find interesting. Please consult with a financial professional. By reading, you agree to not take this as financial advice and assume all risk. Futures, stocks, bonds trading of any kind involves a lot of risk. No guarantee of profit is made. In fact, you may lose your entire investment. We guarantee no profit whatsoever, You assume the entire cost and risk of any trading or investing activities you choose to undertake. You are solely responsible for making your own investment decisions. Owners/authors of this newsletter, its representatives, its principals, its moderators and its members, are NOT registered as securities broker-dealers or investment advisors either with the U.S. Securities and Exchange Commission, CFTC or with any other securities/regulatory authority. Consult with a registered investment advisor, broker-dealer, and/or financial advisor. Reading and using this newsletter or any of my publications, you are agreeing to these terms. Any screenshots used here are the courtesy of Underwriter. The data, quotes and information used in this blog is from publicly available sources and could be outdated or outright wrong - I do not guarantee accuracy of this information.