Diamonds and Dogs

3/6/24

CrowdStrike (CRWD) jumps 10% on cybersecurity demand. The company easily beat earnings and sales estimates while also providing solid guidance. CrowdStrike is benefiting from numerous tailwinds due to more and more security breaches and growing security budgets around the globe

Common theme to the dogs this week, China. Apple and Tesla were down significantly the last couple weeks on concerns of slowing growth and demand in China. Today's dog is Morgan Stanely (MS) is lower by 4% as they cut 9% of their staff for their asset management business unit in China including people that worked for their China fund.

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