economy
March 12, 2026
This company bought back stock in last month's software rout. It was a good move
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Stocks declined Thursday due to rising crude oil prices and potential supply disruptions.
- Palo Alto Networks capitalized on a software selloff by buying back $1 billion in stock, seeing a 13% increase since.
- The Iran war has escalated cyber threats, prompting enterprises to consolidate with top technology providers.
- CrowdStrike CEO George Kurtz warned of increased cyberattacks related to the Iran conflict and escalating Chinese activities.
- Key economic data, including PCE price index and consumer sentiment, will be released on Friday.
- Jim Cramer's Charitable Trust adheres to specific trading alert and waiting period protocols.
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