economy
We're raising price targets on 2 cyber stocks after their hard-fought recovery
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- CrowdStrike and Palo Alto Networks price targets raised to $650 and $255, respectively.
- Both cybersecurity stocks have seen significant gains, breaking free from traditional enterprise software due to AI acceleration.
- Positions in CrowdStrike and Palo Alto were trimmed, with reevaluation after upcoming earnings.
- Home Depot earnings are anticipated with low expectations due to high mortgage rates.
- Vertiv investor conference will provide insights into data center demand, impacting AI industrial plays.
- Baidu reported earnings Monday morning, not Monday night.
- CNBC Investing Club provides trade alerts with specific waiting periods before trade execution.