Diamonds and Dogs

7/19/24

Drill, baby drill. Schlumberger (SLB) is up 2% following strong earnings and sales growth, particularly Internationally. SLB saw strong cash flows supporting their full-year guidance. Going forward, the company sees strong revenue growth, margin expansion, and cash generation in 2025.

CrowdStrike, (CRWD) down 11% has seen better days. Today started with a global tech outage being blamed on software firm CrowdStrike. CrowdStrike imputed a software update that had a flaw in it. Once the flaw infiltrated the Microsoft operating system, it caused huge disruptions for many businesses, including airlines, emergency management services, and media companies to name a few. Oops.

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